Bharti Airtel, one of India’s leading telecom companies, has recommended a final dividend for the fiscal year 2022-23. The board has proposed a dividend of ₹4 per fully paid-up equity share and ₹1 per partly paid-up equity share. The dividend amount is proportional to the paid-up value of each share.
The company has reported a significant 50% increase in consolidated net profit for the quarter ending in March 2023, amounting to ₹3,006 crore compared to ₹2,008 crore in the previous year. Sequentially, the net profit witnessed a substantial surge of 89%.
Bharti Airtel revenue from operations also demonstrated positive growth, rising by 14% to ₹36,009 crore from ₹31,500 crore in the corresponding period last year. On a sequential basis, the revenue showed a slight increase of 0.6%, as stated by the company in an exchange filing.
During Q4FY23, the mobile average revenue per user (ARPU) experienced an upturn, reaching ₹193 compared to ₹178 in Q4FY22.
The company’s India revenues for the March quarter grew by 12.2% year-on-year (YoY) to ₹25,250 crore. Mobile revenues witnessed an 11.5% YoY growth, attributed to improved realization and a substantial increase in 4G customer additions.
The quarter’s ARPU was ₹193, reflecting Bharti Airtel’s focus on acquiring high-quality customers and enhancing customer experience. The homes business grew by 25% with strong customer acquisitions, and the digital TV business strengthened its market position. Consolidated operating profit (EBITDA) increased 18% YoY to ₹18,807 crore, resulting in an improved margin of 52.2%, up by 144 basis points. In the India business segment, EBITDA margins significantly improved by 225 basis points to reach 53.1%.
On Tuesday, the company’s stock closed 1.27% lower at ₹787.85 on the Bombay Stock Exchange (BSE).
