Airtel Q4 net loss at Rs. 107 Cr

Bharti Airtel today announced its its net profit for Q4 at Rs. 107 crore for the fourth quarter ended March 31, 2019.

The consolidated revenues for Q4’19 at Rs. 20,602 crore grew 6.6% Y-o-Y (reported increase 6.2%) on an underlying basis (viz. adjusted for international termination rate reduction). Consolidated mobile data traffic at 3,836 Bn MBs in the quarter has registered a robust Y-o-Y growth of 137% .

India revenues for Q4’19 at Rs 15,241 crore have increased by 3.4% Y-o-Y (2.9% on reported) on an underlying basis. Y-o-Y growth primarily impacted by Digital TV increase of 9.6% and Y-O-Y de-growth in Homes Business of 8.4%.

Mobile data traffic has grown to 3,705 Bn MBs in the quarter as compared to 1,540 Bn MBs in the corresponding quarter last year. Mobile 4G data customers increased by 81% to 86.8 Mn from 47.9 in the corresponding quarter last year.

In constant currency (March 1, 2018) terms, Africa revenues grew by 9.8%Y-o-Y led by growth in data and Airtel money transaction value. Mobile data traffic has grown by 73% to 121 Bn MBs in the quarter as compared to 70 Bn MBs in the corresponding quarter last year.

Consolidated EBITDA at Rs crore 6,806 declined 3.2% Y-o-Y. Consolidated EBITDA margin decreased by 3.2% to 33.0% in the quarter as compared to 36.3% in the corresponding quarter last year. Consolidated EBIT dropped by 43.3% Y-o-Y to Rs 1,193 crore.

Annual consolidated revenues at Rs 80,780 crore de-grew by 1.6% over the previous year (reported drop of 2.2%) on an underlying basis, led by de-growth of 6.6% in India. Africa top-line grew by 11.7% (constant currency) and Net revenue grew by 13.3% (constant currency).

The company’s consolidated net debt has increased to Rs 108,235 crore from Rs 106,367 crore in the previous quarter.

Gopal Vittal, MD and CEO, India & South Asia said, “The year has ended on a positive note with 4th quarter ARPU increasing to Rs 123 though still not at sustainable levels for the industry. We continue to remain focused on providing value to consumers through our holistic rewards platform, Airtel Thanks which we have recently re-launched.”

In a statement, Raghunath Mandava, MD and CEO, Africa Airtel said, “The Africa growth story remains strong with the full year witnessing a 12 % revenue growth. EBITDA increased by 400 + basis point increase in EBITDA margin. We continue to invest towards enhancing customer experience through a high speed LTE network. To this end, the year saw an overall capex spend of $630 mn.”

 

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