Airtel emitting strong signals; improving margins along with debt-reduction

By the calculation, EBITDA minus Capex, operating cash flow was at $1.1 billion (up 26 per cent QoQ) while India Operating cash flow increased to $585 million (up 10 per cent QoQ)

Bharti Airtel reported encouraging results for the April-June quarter (Q1) of 2023-24 financial year (FY24) with consolidated revenues and earnings before interest, taxes, depreciation, and amortization (Ebitda) of Rs 37,400 crore and Rs 19,750 crore, respectively. The revenues were up 4 per cent quarter-on-quarter (Q-o-Q) and up 14 per cent year-on-year (Y-o-Y). Ebitda was up 5 per cent Q-o-Q and up 19 per cent Y-o-Y.
 

The adjusted profit after tax (PAT) was Rs 2,900 crore, after accounting for an exceptional forex loss of Rs 3,420 crore due to devaluations of Naira (Nigerian currency). Cost controls and network optimisation led to