Bharti Airtel’s Financial Highlights and Future Plans
Call for Tariff Hike
Gopal Vittal, Managing Director of Bharti Airtel, has advocated for another industry-wide tariff increase, citing low returns on capital employed in India’s telecom sector. Despite this, Airtel’s financial health remains robust, supported by strong cash flow and debt reduction.
Financial Performance
In the July-September quarter, Airtel prepaid Rs 8,465 crore of high-cost spectrum dues. The company’s consolidated revenues reached Rs 41,473 crore, marking a 12% increase year-on-year. The EBITDA for the quarter was Rs 22,021 crore, with a margin of 53.1%. India revenues grew by 16.9% year-on-year, driven by an 18.5% increase in mobile revenues.
Network Expansion and Innovations
Airtel expanded its network by adding 5,000 towers and 15,200 mobile broadband stations. The company also launched India’s first AI-powered spam detection solution, which is free and auto-activated for all customers.
Customer Growth and Digital Investments
Airtel added 4.2 million smartphone customers and expanded its Wifi coverage to over 2,000 cities. The company continues to invest in digital businesses and a future-ready network, receiving accolades for its 5G network experience.
Doubts Revealed
Bharti Airtel -: Bharti Airtel is a big company in India that provides mobile phone and internet services. It’s like a giant telephone company that helps people talk to each other and use the internet.
Gopal Vittal -: Gopal Vittal is the Managing Director (MD) of Bharti Airtel. He is one of the top leaders in the company who makes important decisions.
Tariff Hike -: A tariff hike means increasing the price that people pay for using mobile phone and internet services. It’s like when the price of a chocolate bar goes up, you have to pay more to buy it.
Spectrum Dues -: Spectrum dues are payments that telecom companies like Airtel make to the government for using certain radio frequencies. These frequencies help in sending signals for mobile and internet services.
AI-powered spam detection -: AI-powered spam detection is a smart technology that helps identify and block unwanted messages or calls. It’s like having a robot that stops annoying messages from reaching your phone.
Revenue Increase -: Revenue increase means that the company is earning more money than before. It’s like getting more pocket money this month compared to last month.
Network Expansion -: Network expansion means making the mobile and internet services available in more places. It’s like building more roads so more people can travel easily.