Robi Axiata saw a 78% profit rise in Q3 FY23-24, reaching Tk 188.7 crore due to cost optimization despite a 5% revenue drop from the previous quarter, affected by internet shutdowns and flash floods. Total revenue for the quarter was Tk 2,474.4 crore, down 2.7% year-on-year, while voice revenue increased 3.7% but data revenue fell 15.5%. Robi’s active subscriber base shrank, although 4G network expansion reached nearly 98.96% population coverage. The company paid Tk 1,346.1 crore in taxes, equivalent to 54% of Q3 revenue.
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