Bharti Airtel Q3 net profit surges 505% to Rs 14,781 cr, revenue up 19%
Mumbai: Telecom giant Bharti Airtel reported a 505% year-on-year (YoY) surge in consolidated net profit to Rs 14,781 crore for the third quarter of FY25, compared to Rs 2,442 crore in the same period last year, Business Standard reported.
Sequentially, net profit jumped 311% from Rs 3,593 crore.
The robust performance was attributed to strong growth in its India business, sustained expansion in Africa, and the consolidation of Indus Towers Ltd, which became effective on November 19, 2024.
Airtel’s consolidated total income rose 19% YoY to Rs 45,599 crore, up from Rs 38,339 crore.
Key performance highlights
ARPU Growth: Average revenue per user (ARPU) rose to Rs 245 in Q3FY25, up from Rs 208 in Q3FY24.
Mobile Data Consumption: Increased 23.2% YoY, with the average customer using 24.5 GB per month.
Homes Business: Added 674,000 new subscribers, marking accelerated growth.
India business performance
Airtel’s India revenue grew 24.6% YoY to Rs 34,654 crore, rising 9.8% quarter-on-quarter (QoQ), primarily driven by: Tariff hikes in mobile services; Strong momentum in the Homes segment; Indus Towers consolidation
Mobile services revenue in India rose 21.4% YoY, backed by higher tariffs, increased smartphone adoption, and a better revenue mix.
Airtel Business revenue grew 8.7% YoY, while the Homes segment saw an 18.7% YoY increase, driven by record net customer additions.
Segment-wise breakdown
Digital TV Revenue: Declined 2.9% YoY.
Passive Infrastructure Services: Contributed 5.7% to India’s revenue growth.
EBITDA: India business EBITDA stood at Rs 19,850 crore, with an EBITDA margin of 57.3%.
Operational metrics
The number of smartphone data users grew by 25.2 million YoY and 6.5 million QoQ, with smartphones now accounting for 75.8% of the total mobile customer base.
Management commentary
Bharti Airtel Vice-Chairman and MD Gopal Vittal highlighted the company’s ongoing shift in Airtel Business, focusing on digital services in Cloud, Security, and IoT, while shedding low-margin voice and wholesale operations.
He noted that while this could impact topline growth, it would have minimal effect on margins.
Vittal also underscored Airtel’s strong balance sheet, citing continued deleveraging and prudent capital allocation. The company prepaid Rs 3,626 crore of high-cost spectrum dues during the quarter.
However, he emphasised the need for further tariff increases to ensure sustained investment and long-term value creation in the industry.
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