Bharati Airtel’s Q3 report: Net profit peaks to 2442 crore
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The net profit of Bharati Airtel’s Q3 2024 is 2442 crore, in contrast, last year in Q3 the profit was 1,588 crore an increase of 54%
A middle-aged man sitting on a sofa eating raw vegetables as part of his morning breakfast his surroundings are filled with a garden, a swimming pool, a tennis court, a golf ground etc. He is a self-made billionaire through investments from stocks to making large investments in companies, now he has invested a hefty amount of his money in Airtel.
Though he is a successful person it has come with steady failures, making him only look at profits. He is eagerly waiting for Bharati Airtel’s Q3 report because he needs to make sure he has made some profits. His PA is Updating about when the live results will be declared, on which platform to watch, who announces at first and other details.
Minutes do pass, and finally, his PA says Reports are out, he sits straight with his eyes wide open and ears.
PA: In Quarter 3 the company made a good amount of net profit. The net profit rose from 1588 crore to 2442 crore in the quarter compared to the previous year an increase of 54%. The Bharati Airtel’s q3 operational revenue is 37,900 crore. In the financial year 2023-2024, the Q3 operational revenue is 35,084 crore.
Self-Made Billionaire: This is Good news, announced for all the cooks, gardeners etc. that this month they will receive a Bonus of 20,000, and you will get 30,000.
PA: There is some bad news also, revenue is affected because in some countries of Africa, currency valuation has decreased but the Average revenue per user (ARPU) is 208 from 203 compared to the previous quarter.
Self-Made Billionaire: stop it, your bonus is cancelled get out now
PA walks out
Self-Made Billionaire: Idiot, Read the Report on Bharati Airtel’s q3 financial statements and then get lost
PA: OK, The share value of Airtel decreased by 3% in BSE, on Monday when the markets closed the share price was at 1,113. The current share price is 1146.95.
Self-Made Billionaire: Go to Hell
PA: In quarter 3 of the financial year the company debt came down to 1.42 lakh crore from 1.52 lakh crore in the same quarter of the financial year 2022-2023
Self-Made Billionaire: Finally some Good news
PA: Bharati Airtel’s q3 revenue is 27,811 crore for India, revenue has grown by 11.4% compared to the previous year of the same quarter. In quarter 3 of the financial year 2023-2024, airtel had 34.56 crore customers in contrast in Q3 of the financial year 2022-2023 it had 33.22 crore which is 4% growth.
Self-Made Billionaire: Ok
PA: 24.5 crore customers are 4g/5g customers in the previous year of the same quarter it was 2.82 crore. Expenditure in the form of spectrum, marketing operations rose to 18, 085 crore. Tax in terms of Expenditure rose to 1,232 crore which is an increase of 15%.
Self-Made Billionaire: I want a report that doesn’t make me angry
PA: OK, Airtel lost 130 crore due to currency devaluation in its subsidiaries which is linked to foreign exchange
Self-made billionaire slaps his PA
PA: Jio has continued the trend of decrease in profit growth
PA to Himself: The reality is an opposite increase in subscribers broke the trend. That is it is increasing its profit growth
Self-Made Billionaire: The Bharati Airtel’s q3 report has made me happy because the rival company is failing which means I will make huge returns
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1. Bharati Airtel’s Q3 net profit is?
The net Profit is 2442 crore in the financial year 2023-2024, this is a 54% increase from 1588 crore in 2022-2023
2. Has the debt of the Airtel company is reduced?
The consolidated net debt of the company reduced to 1.42 lakh crore from 1.52 lakh crore in the q3 of the financial year of 2022-2023.
3. How many 4g and 5g customers does Airtel have?
24.5 crore customers are 4g and 5g customers in the current financial year. In the same quarter, of the previous financial year it was 2.82 crore an increase of 74%