Bharti Airtel Restricted on Thursday stated its annual normal assembly (AGM) will probably be held on August 24, 2023 via video conferencing.
On the AGM, a number of proposals will probably be thought of by the board of administrators of Bharti Airtel.
These proposals embody – to declare dividend on fairness shares for the monetary yr 2023, re-appointment of Gopal Vittal as a director, re-appointment of Kimsuka Narasimhan as an unbiased director, revision within the remuneration of chairman Sunil Bharti Mittal.
Proposals to approve materials associated social gathering transactions with Indus Towers Restricted, and with subsidiaries Bharti Hexacom Restricted and Nxtra Information Restricted may even be thought of on the AGM.
Bharti Airtel reported a web revenue of ₹1,612 crore for the primary quarter ended June 2023, which is sort of flat as in comparison with revenue a yr in the past.
“We now have delivered yet one more quarter of sturdy and aggressive development throughout all our companies…Our give attention to profitable high quality clients and driving premiumisation has helped us add 5.6 million new 4G clients and the very best ever postpaid clients in anyone quarter,” managing director Gopal Vittal stated in a press release.
Cellular companies India revenues had been up 12.4% year-on-year led by continued sturdy 4G buyer additions and a rise in common income per person (ARPU).
Its consolidated web earnings (after distinctive gadgets) stood at ₹1,612 crore, up by 0.3% over the corresponding interval final yr. The consolidated web earnings (earlier than distinctive gadgets) stood at ₹2,902 crore, up by 91.3% year-on-year.
Cellular ARPU rose to ₹200 within the first quarter of FY24 towards ₹183 in April-June FY23, the telecom operator stated.
Earlier this week, Airtel stated it pay as you go ₹8,024 crore to the federal government to partially clear deferred liabilities for airwaves it acquired in 2015.
Shares of Bharti Airtel closed 0.7% decrease at ₹871.65 forward of the outcomes.
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Up to date: 03 Aug 2023, 06:34 PM IST
Supply: Live Mint