BHARTI AIRTEL LIMITED

Q1’24 HIGHLIGHTS – CONSOLIDATED

REVENUES AT Rs 37,440 CRORE IN Q1’24, UP 14.1% YoY

EBITDA AT Rs 19,746 CRORE IN Q1’24 VS Rs 16,604 CRORE IN Q1’23

EBITDA MARGIN AT 52.7% IN Q1’24 VS 50.6% IN Q1’23, UP 212 bps YoY

EBIT AT Rs 10,079 CRORE IN Q1’24 VS Rs 7,813 CRORE IN Q1’23

EBIT MARGIN AT 26.9% IN Q1’24 VS 23.8% IN Q1’23, UP 310 bps YoY

NET INCOME (BEFORE EXCEPTIONAL ITEMS) AT Rs 2,902 CRORE IN Q1’24 VS Rs 1,517 CRORE IN Q1’23

NET INCOME (AFTER EXCEPTIONAL ITEMS) AT Rs 1,612 CRORE IN Q1’24 VS Rs 1,607 CRORE IN Q1’23

NET DEBT TO EBITDA (ANNUALIZED) AT 2.63 TIMES IN Q1’24 VS 2.52 TIMES IN Q1’23

Q1’24 HIGHLIGHTS – INDIA

REVENUES AT Rs 26,375 CRORE IN Q1’24, UP 13.1% YoY

EBITDA AT Rs 14,154 CRORE IN Q1’24 VS Rs 11,882 CRORE IN Q1’23

EBITDA MARGIN AT 53.7% IN Q1’24 VS 51.0% IN Q1’23, UP 271 bps YoY

EBIT AT Rs 6,336 CRORE IN Q1’24 VS Rs 4,577 CRORE IN Q1’23

EBIT MARGIN AT 24.0% in Q1’24 VS 19.6% IN Q1’23, UP 439 bps YoY

MOBILE REVENUES UP BY 12.4% YoY

ARPU AT Rs 200 IN Q1’24 VS Rs 183 in Q1’23

MOBILE 4G DATA CUSTOMERS AT 229.7 Mn IN Q1’24, UP 24.5 Mn YOY

MOBILE DATA TRAFFIC HAS GROWN BY 21.6% TO 14,224 PBs IN Q1’24 FROM 11,699 PBs IN Q1’23

HOMES REVENUES UP BY 25.4% YoY, WITH CUSTOMER NET ADDITIONS OF 1.7 Mn YoY

AIRTEL BUSINESS WITNESSED A REVENUE GROWTH OF 15.8% YoY IN Q1’24

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