Airtel Payments Bank Q1 net profit rises 41pc to Rs 7.2 crore as revenue hits milestone

Airtel Payments Bank on Thursday said its net profit for the June quarter rose 41 per cent year-on-year to Rs 7.2 crore, amid uptick in digital savings bank accounts alongside other digital offerings. Announcing its consolidated report card for the first quarter ended on June 30, 2024, Airtel Payments Bank said it has hit a significant milestone and that, in a first, the bank’s quarterly revenue grew to Rs 610 crore, up by 52 per cent on-year.

The net profits stood at Rs 7.2 crore, up by 41 per cent year on year.