Overall, Airtel ended the March quarter with nearly 375.34 million customers, including fixed broadband, DTH, and enterprise. Voice usage per user also rose 3.7 % on-year and 2.6% sequentially, to 1,122 minutes. The company also reported an 8% on-year growth in average data usage per customer to 20.76 GB, which though was lower than the 20.78 GB in the fiscal third quarter. Monthly churn fell to 2.8 % from the preceding quarter despite costlier mobile services across its 22 circles after the hike in base prepaid rates. ![]() In the just-ended quarter, Airtel added 3.16 million users to end with 335.4 million subscribers. In fact, 4G users now make up almost 70% of Airtel’s mobile user base. “Airtel’s 7.4 million 4G user adds in the March quarter is significantly higher than Jio’s 6.4 million additions in the same period, which suggests it is gaining bulk of Vodafone Idea's churning mobile broadband users," said the analyst cited. It added 6.4 million subscribers in the three-month period, taking its total subscriber base to 439.3 million as of March-end. Last month, larger rival Reliance Jio had reported a 13% on-year increase in net profit in the fiscal fourth quarter to Rs 4,716 crore, on 11.9% growth in revenue from operations to Rs 23,394 crore. ![]() 1 per partly paid-up equity share of face value of Rs. ![]() 4 per fully paid-up equity share of face value of Rs. For FY23, the telco’s board recommended a final dividend of Rs. Earnings were announced shortly after market hours. For the Sunil-Mittal led telco, this is the 10th successive quarter in the black after six straight losses earlier.Īirtel’s annual net profit for FY23 rose 96% on-year to Rs 8,345.9 crore on a 19.4% rise in consolidated revenues, driven by a higher earnings before interest and tax (Ebit) margin of 25.3% and an exceptional gain of Rs 190.5 crore.Īirtel’s shares closed 1.44% lower at Rs 785.6 on BSE Tuesday.
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