Bharti Airtel Ltd.

NSE: BHARTIARTL | BSE: 532454 | ISIN: INE397D01024 |Industry: Telecom Services
|Expensive Rocket
695.25 -20.15 (-2.82%)
NSE Jan 21, 2022 15:31 PM
Volume: 6.7M

Bharti Airtel Ltd.    
02 Nov 2021

Q2 FY22 Highlights:

  • Bharti Airtel posts quarterly revenues of Rs. 28,326 crore – up 18.8% YoY on comparable basis, backed by strong performance delivery across the portfolio
    • India business posts quarterly revenues of Rs. 19,890 crore – up 18.3% YoY on comparable basis
    • Mobile services India revenues up 20.3% YoY on comparable basis on account of continual growth in 4G customer base and increase in ARPU 
    • Airtel Business revenues up by 11.5% YoY backed by strong demand for integrated suites of services across connectivity, collaboration, CPaaS, Data center, cloud and security solutions 
    • Homes business continues to demonstrate strong double digit revenue growth, up 21.3% YoY
    • Digital TV revenue up by 5.7% YoY, continues to strengthen market standing
  • Consolidated EBITDA at Rs. 14,018 crore; EBITDA margin at 49.5% - improvement of 456 bps YoY
    • India business posts EBITDA of Rs. 9,858 crore; EBITDA margin at 49.6%; up 516 bps YoY
    • Well balanced portfolio – India non mobile businesses contributes 17.7% to consolidated EBITDA
  • Consolidated EBIT at Rs. 5,756 crore; EBIT margin at 20.3% - improvement of 453 bps YoY 
    • India EBIT at Rs. 3,010 crore; EBIT margin at 15.1% expansion of 411 bps YoY
  • Consolidated Net income (after Exceptional items) at Rs. 1,134 crore
    • Industry leading operational indicators showcasing strong business momentum 
    • 4G customers up by 39.9 Mn YoY & 8.1 Mn QoQ to reach 192.5 Mn, 60% of overall customer base 
    • Mobile ARPU increased to Rs 153 in Q2’22 vs Rs 143 in Q2’21 on comparable basis
    • Mobile data consumption up by 47.5% YoY, monthly data consumption per customer at 18.6 GB 
    • Homes business witnessed highest ever customer net additions of 467K in Q2’22 
    • Digital TV customer base at 18.0 Mn in Q2’22 
    • Airtel Payments Bank turned profitable during the quarter 
  • Successful completion of application money leg of Rights Issue of upto Rs 20,987 crore with a subscription of approx. 1.44 times, overbid by both public and promoter / promoter group

In a statement, Gopal Vittal, MD and CEO, India & South Asia, said:

“We welcome the reforms announced by the Government for the telecom industry and believe this will add to the ability of the industry to invest so as to drive India’s digital story. We hope the reforms momentum will continue and all longstanding issues impacting the industry will be addressed.

We continue to maintain high degree of financial flexibility. As a result, we have now achieved Nil bank debt for our India businesses. We will continue to evaluate all options to maintain comfortable leverage profile and manage associated costs.

During the quarter gone by, we sustained our operational excellence with a healthy 5.5% sequential growth in consolidated revenues and expansion of EBITDA margin to 49.5%. Our strategy of focusing on quality customers has been validated by the strong price flow and ARPU increase that we have seen in our wireless business. The step up in performance of our enterprise and homes business reflects the resilience and strength of our overall portfolio. Even more exciting is the way our new businesses – Airtel Payments Bank, Data Centres and revenues from digital services are shaping up. With a future proofed 5G network, we are well positioned to build a strong Airtel of the future.”  

Result PDF

Bharti Airtel Ltd. has gained 32.24% in the last 6 Months