Science & Environment
Bharti Airtel Q4 net profit plunges 31% to Rs…
NEW DELHI: Bharti Airtel‘s Q4 net profit declined by 31% to Rs 2,072 crore, against Rs 3,005.6 crore in the same period a year ago.
Additionally, its revenue from operations rose 4.4% to Rs 37,599.1 crore during the quarter from Rs 36,009 crore a year earlier.
“Consolidated performance was impacted primarily by the devaluation of the Nigerian Naira. We added 7.8 million smartphone customers and delivered an industry leading ARPU of Rs 209,” Bharti Airtel Managing Director Gopal Vittal said.
Further, in the fiscal year ending on March 31, 2024, Bharti Airtel witnessed a 10.5% decline in profit, amounting to Rs 7,467 crore compared to Rs 8,346 crore in FY23.Despite this, the company experienced a 7.7% increase in annual revenue from operations, reaching Rs 1,49,982.4 crore, up from Rs 1,39,144.8 crore in the previous fiscal year.
The Airtel board has proposed a final dividend of Rs 8 per fully paid-up equity share with a face value of Rs 5 each, along with Rs 2 per partly paid-up equity share of the same face value.
Additionally, its revenue from operations rose 4.4% to Rs 37,599.1 crore during the quarter from Rs 36,009 crore a year earlier.
“Consolidated performance was impacted primarily by the devaluation of the Nigerian Naira. We added 7.8 million smartphone customers and delivered an industry leading ARPU of Rs 209,” Bharti Airtel Managing Director Gopal Vittal said.
Further, in the fiscal year ending on March 31, 2024, Bharti Airtel witnessed a 10.5% decline in profit, amounting to Rs 7,467 crore compared to Rs 8,346 crore in FY23.Despite this, the company experienced a 7.7% increase in annual revenue from operations, reaching Rs 1,49,982.4 crore, up from Rs 1,39,144.8 crore in the previous fiscal year.
The Airtel board has proposed a final dividend of Rs 8 per fully paid-up equity share with a face value of Rs 5 each, along with Rs 2 per partly paid-up equity share of the same face value.
