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HomeDigit NewsBharti Airtel Q1 Results: Bharti Airtel announced the first quarter results of...

Bharti Airtel Q1 Results: Bharti Airtel announced the first quarter results of the current financial year

Bharti Airtel Q1 Results: Telecom company Bharti Airtel has declared the results of the first quarter of the financial year 2022-23. Airtel’s profit in the first quarter increased by 465.81 percent to Rs 1606.9 crore. Whereas in the first quarter of 2021-22, the profit was Rs 284 crore. Bharti Airtel’s profit grew 22 per cent to Rs 32,805 crore in the first quarter. The revenue in the corresponding quarter of the last financial year was Rs 26,854 crore.

Airtel said that 4G customers have increased by 20.9 million compared to last year, while 4.5 million customers have increased compared to the previous quarter. In the first quarter, the average revenue per user (ARPU) of Bharti Airtel has been Rs 183. Whereas in the first quarter of last year, it was Rs 146 (ARPU). Bharti Airtel has set a target of achieving ARPU(Average Revenue Per User) of Rs.200 in the near term and Rs.300 in the long term.

Bharti Airtel results have come after the stock market closed. Earlier, the share of Bharti Airtel closed at Rs 704.35 with a jump of 0.10 per cent today.

Let us tell you that Bharti Airtel is also preparing to launch 5G mobile services. Airtel is going to start 5G services in the month of August itself. The company has also tied up with Ericsson, Nokia and Samsung for this. A total of four telecom companies have bid for spectrum worth Rs 1,50,173 crore in the 5G spectrum auction. In which Reliance Jio alone has bid to acquire 5G spectrum worth a total of Rs 88,078 crore. After Reliance Jio, Bharti Airtel has bid for the highest spectrum.

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