Bharti Airtel Limited (“Bharti Airtel” or “the Company”) today announced its audited consolidated Ind AS results for the fourth quarter ended March 31, 2022.
The consolidated revenues for Q4’22 at Rs 31,500 crore grew 22.3% YoY. Consolidated mobile data traffic at 11,550 PBs in the quarter with a healthy YoY growth of 29.5%.
India revenues for Q4’22 at Rs 22,500 crore, increased by 22.7% YoY. Mobile revenues grew by 25.1% YoY on account of increase in ARPU led by healthy flow through of tariff revision and strong 4G customer additions during the year. ARPU for the quarter came in at Rs 178 as compared to Rs 145 in Q4’21. This is an outcome of the company’s unrelenting focus on winning quality customers by delivering differentiated experience
We continue to gain strong share of the 4G customers in the market and surpassed +200 Mn mark towards the end of Q4’22. The company has added 21.5 Mn 4G customers to its network over last year, an increase by 12.0% YoY. ARPU continues to be the best in industry, average data usage per data customer at 18.8 GBs/month and voice usage per customer at 1,083 mins
We rolled out additional ~7k towers in the quarter to provide ubiquitous connectivity and differentiated network experience.
We also showcased India’s first LIVE 5G powered hologram, as Kapil Dev’s virtual avatar interacts with fans in real-time from a remote location. This exemplifies the infinite possibilities of 5G experience and Airtel’s readiness. Several initiatives have also been undertaken to improve Network quality – leveraging digital tools/probes to monitor and improve customer experience and scaling up Vo-Wi-Fi adoption to improve indoor experience. We now have over 40 Mn customers using our Vo-Wi-Fi services.
Homes business segment continues its strong momentum with revenue growth of 45.8% YoY and customer net additions of
~323 K during the quarter to reach to a total base of 4.5 Mn. LCO partnership model continues to play a pivotal role in accelerated expansion, we are now live in 761 cities through this model with overall operations in 847 cities
Airtel Business continues to accelerate its momentum with 12.9% YoY growth, driven by rapidly increasing demand for data, connectivity related solutions and CPaaS (Communication Platform as a Service). We have joined the SEA-ME-WE-6 undersea cable consortium to scale up our high speed global network capacity to serve India’s fast growing digital economy.
Digital TV continues to hold its leadership position with 17.6 Mn customer base at the end of quarter. We continue to make progress through innovative propositions and differential converged experience to accelerate the business growth.