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Bharti Airtel Q4 result: Firm announces dividend, details here
Telecom major Bharti Airtel's board has recommended a final dividend of ₹4 per fully paid-up equity share of face value ₹5 each and Re 1 per partly paid-up equity share of face value ₹5 each (paid-up ₹1.25 per share) for FY22-23. The dividend is in proportion to the amount paid-up on each equity share of face value face value ₹5 each. The company has reported a 50 per cent jump in consolidated net profit at ₹3,006 crore for the quarter ended March 2023 from ₹2,008 crore a year back. On a sequential basis, the telecom major saw a surge of 89 percent in net profit. Bharti Airtel's revenue from operations rose 14 per cent to ₹36,009 crore from ₹31,500 crore reported a year ago. Revenue was up marginally 0.6 per cent sequentially, the company said in an exchange filing. The mobile average revenue per user (ARPU) increased to ₹193 in Q4FY23 as against ₹178 in Q4FY22. India revenues for March quarter increased by 12.2 per cent year-on-year(YoY) at ₹25,250 crore, . Mobile revenues grew by 11.5 per cent YoY on account of improved realisation as well as strong 4G customer additions during the year. ARPU for the quarter stood at ₹193 as compared to ₹178 in Q4FY22 on the back of our continued focus on acquiring quality customers and delivering enhanced customer experience. Source - Mint
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