Airtel Payments Bank reports 82% profit jump in Q1 as revenues climb

Airtel Payments Bank on Monday announced robust financial results for the first quarter of the current fiscal year, with net profit climbing 82 per cent to ₹19 crore compared with ₹10.4 crore in the same period last year.

The bank's total revenue increased to ₹831 crore from ₹777 crore in the corresponding quarter of the previous financial year, reflecting steady growth across its operations. The quarter's performance was underpinned by improved operating metrics and customer acquisition, the bank said in a statement.

Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) rose 21 per cent to ₹108 crore from ₹82 crore year-on-year, indicating strengthened operational profitability. Customer balances held with the bank also expanded by 17 per cent to ₹4,389 crore, up from ₹3,743 crore in the first quarter of the previous fiscal year.

The financial performance reflects Airtel Payments Bank's expanding footprint in India's growing digital payments ecosystem, where the lender has been scaling operations through its parent company Bharti Airtel's extensive network and customer base.