Financials
Airtel Q3 FY22: 5.4% revenue growth QoQ led by ARPU increase
Mumbai: Telecom major Bharti Airtel on Wednesday announced its third quarter FY 2022 results. The company has posted quarterly revenues of Rs 29,867 crore, up 18.3 per cent year-on-year backed by strong and consistent performance delivery across the portfolio. It reported net income (after exceptional items) of Rs 830 crore.
The telecom company’s India business saw quarterly revenues of Rs 20,913 crore which was up by 17.9 per cent YoY. Its India customer base stands at ~356 million.
Its mobile services revenues were up by 19.1 per cent YoY led by an increase in average revenue per user (ARPU). Its mobile ARPUs increased to Rs 163 during the quarter versus Rs 146 in the same quarter previous year. Mobile data consumption increased by 33.8 per cent YoY at a rate of 18.3 Gb per month.
Additionally, Airtel’s 4G customers increased by three million on a quarter-on-quarter basis to reach 195.5 million and account for 61 per cent of its total base.
The company’s home business saw 40.4 per cent YoY growth led by strong customer additions. Home business witnessed 341,000 customer net additions in the quarter to reach a total base of 4.16 million. Its Digital TV customer base stood at 18.1 million during the same period. “Digital TV continues to improve its market position with steady revenue and customer base,” said the statement.
Airtel Business revenues were up by 13.4 per cent YoY backed by strong demand for data portfolio and emerging businesses.
During the quarter, Google announced that it would invest $1 billion in Airtel as part of its Google for India Digitization Fund. Airtel also announced a joint venture with Hughes Communications to become the largest satellite service operator in India.
“We have delivered another quarter of sustained performance across all our business segments,” said Bharti Airtel India and South Asia MD and CEO Gopal Vittal. “Overall sequential revenue growth was at 5.4 per cent and EBITDA margins came in at 49.9 per cent. The recent tariff revision for mobile services has gone down well and we are exiting the quarter with an industry leading ARPU of Rs 163. The full impact of the revised mobile tariffs, however, will be visible in the fourth quarter. Our Enterprise, Homes and Africa business continue to deliver strongly, with steady increase in contribution to the overall mix of the portfolio. Our balance sheet is robust and we are now generating healthy free cash flows. This has enabled us to recently prepay some of our spectrum liabilities to the Government thereby reducing the interest burden.”
He further stated, “Google’s recent investment is a strong validation of Airtel’s role in being a leading pioneer of India’s digital revolution. Our emerging digital services portfolio across Airtel IQ, AdTech, digital marketplace, Nxtra and digital banking positions us well to build an Airtel of the future.”
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
