Telecom operator Robi Axiata Limited’s revenue earnings stood at Tk 2,543 crore with a profit after tax of TK 106 crore in Q3 of 2023.

Customer trust in Robi's robust nationwide network continues to grow steadily, helping the company maintain steady revenue growth and profit margins even amidst various adversities. This trend has remained consistent, as indicated in the financial reports published in the third quarter (July–September, Q3’23) of 2023, according to a press release.

Also read: Robi's profit after tax grew 1.3% in '22

In the just-concluded quarter, Robi Axiata Limited recorded a revenue of Tk 2,543 crore with a net profit after tax (PAT) of TK 106 crore. The company has invested Tk 374 crore in deploying the 2600 MHz band spectrum to further strengthen the 4G network in Q3’23, it said.

The earnings before interest, tax, depreciation, and amortisation (EBITDA) in the third quarter of 2023 stood at Tk 1,189 crore with a margin of 46.8%. Robi's earnings per share (EPS) were held at zero decimal Tk 20 or 20 paisha in the same period. An amount of Tk 1,363.6 crore has been deposited in the national exchequer, representing 53.6 percent of Robi's earnings in the third quarter of 2023.

Also read: Robi's revenue goes up 9.7% in third quarter

Adding 12 lakh new customers in Q3’23, the total number of subscribers has reached 5.76 crore, representing 30 percent of the country's total mobile phone users, the release said.
Robi has added 11 lakh data users in the mentioned quarter, taking the total number of data users to 4.42 crore, which is 76.8 percent of the total customer base, it said.

Having added 18 lakh 4G customers to the network, Robi's 4G users reached 3.42 crore, constituting 59 percent of total subscribers and 76.8 percent of data users in Q3’23. Each Robi data user now consumes an average of 6.67 GB of data per month. Robi’s digital recharge reached 46 percent of the total recharge in the mentioned quarter, added the release.

Also read: Robi makes short profit in last quarter of year

"Continuous investment in network development is driving customer confidence in Robi, as evidenced by the addition of 1.2 million new customers this quarter. With a solid financial foundation, significant investments in the 4G network, and innovative services, we are moving forward in the right direction as a company," said Rajeev Sethi, Robi’s managing director and CEO.

"To accelerate the implementation process of Smart Bangladesh and to keep pace with the technological evolution, including 5G, we need to reform the overall policy and tax collection process.

Fibre is very important in this aspect—we hope the government and regulatory authorities will consider the situation appropriately," he added.