New Delhi: Bharti Airtel on Monday reported a 168 per cent year-on-year rise in consolidated net profit to Rs 3,593 crore for the September quarter, and the company unveiled top-level changes, including Gopal Vittal moving into the role of Executive Vice Chairman on January 1, 2026. India's second-largest telco - that competes with Reliance Jio and Vodafone Idea in the Indian telecom market - clocked quarterly revenues of Rs 41,473 crore, 12 per cent higher than the year-ago period, aided by strong momentum in India and growth in Africa.
Bharti Airtel Reports Strong Q2 Performance with Increased ARPU
The mobile ARPU (Average Revenue Per User) increased to Rs 233 in Q2 against Rs 203 a year ago. The mobile data consumption rose 22.6 per cent year-on-year, with consumption per customer at 23.9 GB per month. Bharti Airtel announced that Gopal Vittal, who has helmed the company as Managing Director and CEO for the last twelve years, will move to the role of Executive Vice Chairman on January 1, 2026. "As part of a structured succession process, Vittal, in addition to being the Managing Director, is being appointed Vice Chairman of Bharti Airtel," the company said in a release. Shashwat Sharma currently Chief Operation Officer, will be appointed MD and CEO of Bharti Airtel Ltd on January 1, 2026. In preparation for this role, he is being appointed CEO designate of the company.
According to the company, during the quarter ended September 30, 2024, the exceptional loss of Rs 853.7 crore was on account of foreign exchange loss(net) due to currency devaluation in its group subsidiaries. According to the release, the net tax credit on the above exceptional item is Rs 2,943 million. The net charge allocated to non-controlling interest on the above exceptional items is Rs 2,411 million.
Bharti Airtel's Revenue Reaches Rs 31,561 Crore
The company's business in India posted quarterly revenues of Rs 31,561 crore, up 16.9 per cent year-on-year and up 8.7 sequentially, backed by improved realisations in the mobile segment and sustained momentum in Homes and Airtel Business. Mobile services India revenues increased by 18.5 per cent, led by tariff repair, strong smartphone data customer additions and underlying mix improvement. Airtel Business revenues rose 10.7 per cent on the back of the growth in the domestic portfolio. In a separate BSE filing, on the top-level changes, Airtel said Rakesh Bharti Mittal, having served Airtel for 9 years in his current term, will move on to the boards of Indus Towers Limited and Bharti Hexacom Limited.
In a separate BSE filing, on the top-level changes, Airtel said Rakesh Bharti Mittal, having served Airtel for 9 years in his current term, will move on to the boards of Indus Towers Limited and Bharti Hexacom Limited.
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Earlier this month, Jio Platforms had reported a 23.4 per cent year-on-year rise in consolidated net profit for Q2 FY25 to Rs 6,539 crore, as average revenue per user surged to Rs 195.1 per month, bolstered by tariff hike and better subscriber mix. The revenue from operations of Jio Platforms - which houses Reliance Industries' telecom and digital businesses - rose 18 per cent to Rs 31,709 crore in the just-ended September quarter.
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