Robust data revenue growth drives Robi’s profit in Q2’23

Dhaka, 27 July 2023: Data is no more a thing of the future, rather it is very much shaping our present day- Robi’s financial performance in the second quarter (Q2) of the year (April-June, 2023) offers a robust testimony to that.

These observations were made at a press conference held today at Robi Corporate Office in Gulshan to announce Robi’s financial results for Q2’23.

Moderated by Chief Corporate and Regulatory Officer, Shahed Alam, the press conference was attended by Robi’s Chief Executive Officer, Rajeev Sethi, Chief Commercial Officer, Shihab Ahmad, Chief Financial Officer, M. Riyaaz Rasheed, Chief Information Officer, Varinder Paul Singla, Acting Chief Human Resources Officer, Mohammad Maruful Alam Chowdhury along with other high officials.

With 2,539.9 crore taka revenue, Robi ended Q2’23 with 24.4 crore taka profit after tax (PAT). The company made capex investment of 762.2 crore taka in Q2’23 to further bolster its 4G network.

Earnings Before Income Tax, Depreciation, and Amortization (EBITDA) stood at 1,065.5 crore taka with 42.0% margin. Earnings Per Share (EPS) was 0.05 taka at the end of Q2’23. Robi contributed 1,684 crore taka to the Government exchequer in Q2’23, which was 66.3% of the total revenue for the quarter.

The company added eight lakhs subscribers in Q2’23, which raised its subscriber base to 5 crore 64 lakhs, representing 30% of subscriber market share. A total of 10 lakhs data users were added to Robi network in Q2’23, which raised its data user base to 4 crore 31 lakhs; 76.5% of Robi’s subscribers were data users at the end of Q2’23.

Having added 16 lakhs 4G users in its network, Robi’s 4G user base reached 3 crore 24 lakhs; 57% of total subscribers were 4G users and 75% of data user were 4G users at the end of Q2’23. Robi ensured 98.5% 4G population coverage with more than 16,000 4G sites across the country. Its data subscribers consumed 6.43GB data every month on an average in Q2’23.

The company had close to 1 crore 60 lakhs self-care app users (My Robi and My Airtel). At the end of Q2’23, 65% of Robi’s subscribers were using smartphones, out of which, 45% of smartphone users were self-care app users. In Q2’23, 40.5% of the total recharge was done digitally in Robi.