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Bharti Airtel post 61% profit rise in Q1 to Rs 1108 crore
TT Correspondent |  |  29 Jul 2014

Bharti Airtel Limited, on Tuesday announced its audited consolidated IFRS results for the first quarter. The fiscal first quarter profit rose 61%. The Net profit rose to Rs.1,108 crore in the quarter ended 30 June from Rs.689 crore in the year earlier and the Total income rose 13.3% to Rs.22,962 crore from Rs.20,264 crore.

Consolidated Mobile data revenues at Rs 2,204 crore grew by 73.9% Y-o-Y, consistently contributing more than one-third of the incremental revenues.

“Our revenue momentum in India has been sustained during Q1 with a growth of 11.8%. While the pace across all segments has been satisfying, Mobile data and DTH stood out with growths of 68.2% and 20.7% respectively. The industry awaits more 3G spectrum being made available even as we look forward to the implementation of policies relating to spectrum sharing and trading. These have become essential to deliver sustained broadband growth and high quality service”, said Gopal Vittal, MD and CEO, India & South Asia. 

                                                                                   

“Telecoms are back to growth in Africa, this time spearheaded by internet and mobile money. Airtel has grown by 12.1% in constant currency terms, with exceptional performance in Mobile Data (+85.5%). Airtel Money transaction values have increased by 4.9 times to US$ 2.2 Bn in this quarter. With Niger and Tchad having obtained licences, we will now have 3G presence in all 17 countries. Our investments in licences, networks and marketing are directed towards sustaining double-digit revenue growth”, said Christian de Faria, MD and CEO, Africa.

India SA revenues registered a growth of 11.8% Y-o-Y across segments, led by 9.9% growth in Mobile India, 12.9% in Telemedia Services, 20.7% in Digital TV, 14.8% in airtel business (B2B) and 11.7% in South Asia. Mobile voice realisation in India improved to 38.08 p per minute (up 1.49 p Y-o-Y). Mobile Data revenue at Rs 1,559 crore registered a growth of 68.2% Y-o-Y in India, uplifted by increase in data customer base and higher usage per customer. Mobile data revenues contribute to 12.4% of Mobile India revenues vis-à-vis 8.2% in the corresponding quarter last year.

Africa revenues grew by 17.5% Y-o-Y in INR terms and 12.1% in constant currency terms. Data revenues stood at US$ 102 Mn for the current quarter, contributing 8.8% of overall Africa revenues vis-à-vis 5.3% in the corresponding quarter last year. Data ARPU increased to US$ 1.50 from US$ 1.23 in same quarter last year, enabled by 36.7% increase in data usage per customer. Active Airtel Money customers have risen by 222.0% Y-o-Y to 4.3 Mn.

Consolidated EBITDA at Rs 7,720 crore grew by 18.0% Y-o-Y, with margin expanding by 1.3% to 33.6%. The resultant consolidated EBIT of Rs 3,684 crore represents a Y-o-Y growth of 36.5%, with EBIT margin improving by 2.7%. Improved operational efficiency and lower forex & derivative losses resulted in consolidated Net Income growing by 60.9% Y-o-Y to Rs 1,108 crore.

The Company’s consolidated net debt has reduced to US$ 9,609 Mn resulting in the Net Debt to EBITDA ratio (LTM) improving to 2.04 times as compared to 2.20 times at the end of the previous quarter.

    
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29 Jul 2014(IST)  
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