Bharti Airtel April-June Net Profit Jumps 43% On Year But Drops On Quarter 

Bharti Airtel Ltd.’s consolidated net profit rose 43% on year to ₹59.48 billion in the June quarter but dropped 46% from the previous quarter due to weak operating profit growth and a decline in margin. 

Revenue from operations rose 29% on year and 3.3% on quarter to ₹494.63 billion, supported by higher India mobile ARPU and growth in Africa business. Consolidated EBITDA grew 2.8% on quarter to ₹281.67 billion, while margin narrowed to 56.9% from 57.2% due to a 4.8% rise in network costs and a 28% jump in other expenses. 

India operations contributed ₹375.85 billion in revenue, while India EBITDA rose to ₹223.52 billion with a 59.5% margin. Africa revenue climbed 6.7% on quarter in constant currency to $1.41 billion, with EBITDA up 8.5% to $676 million. Group capex fell to ₹83.07 billion from ₹144.01 billion in the previous quarter. Net debt declined to ₹1.916 trillion from ₹2.038 trillion.