Airtel Africa Q3 results: Net profit at $133 million, revenue up 2%

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Airtel Africa Q3 results: Net profit at $133 million, revenue up 2% - Business Standard

Quick Summary:

Bharti Airtel's Africa business unit Airtel Africa has reported USD 133 million (about Rs 1,152 crore) profit for the third quarter ended December 2024, mainly on account of forex gain, the company said on Thursday.

Its revenue increased by 2 per cent to USD 1,268 million during the reported quarter from USD 1,238 million in the December 2023 quarter despite a decline in average revenue per user (ARPU) -- a key factor to measure the growth of telecom operators.

Airtel Africa had posted a loss of USD 6 million attributable to owners of the company in the same period a year ago.