Bharti Airtel Ltd share Price Today

Bharti Airtel (Airtel) is India’s second largest telecom operator with ~33.2 crore wireless customers in India and ~13.9 crore subscribers across 14 African countries. It enjoys industry leading ARPU in the wireless business in India

• The key highlight of Q3 was healthy 4G subscribers net addition of ~6.4 mn, along with robust addition of ~653k post-paid subscribers. India wireless revenues were up 2.5% QoQ (up 20.3% YoY) at ₹ 19353 crore, with subscriber addition of 4.4 mn and ARPU at ₹ 193.4, up 1.9% QoQ led by upgrades and improving subscriber mix.
• Consolidated EBITDA came in at ₹ 18453 crore, up 4.9% QoQ, with margins of 51.5%, up 58 bps QoQ. India wireless margins was at 53.8% (up 150 bps QoQ) was driven by lower SUC charges. Overall Indian margin was up 95 bps QoQ at 52.7%. The Africa margin was at 49.1%, was flat QoQ
• Reported Net debt (excluding lease liability) was at ~₹ 1.55 lakh crore (down ₹ 2448 crore, led by cash flow generation). The capex spends for the quarter was at ₹ 9314 crore vs. ₹7047 crore in Q2, on account of 5G roll out

Telecom Services company Bharti Airtel announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Consolidated:

• Overall customer base stands at ~562 million across 16 countries
• Total revenues at Rs 37,599 crore, up 4.4% YoY
• EBITDA at Rs 19,590 crore, up 4.2% YoY; EBITDA margin at 52.1%, decline of 12 bps YoY
• EBIT at Rs 9,423 crore, up 0.4% YoY; EBIT margin at 25.1%, decline of 101 bps YoY
• Net Income (before exceptional items) at Rs 2,952 crore
• Net income (after exceptional items) at Rs 2,072 crore
• Capex for the quarter at Rs 10,516 crore

India:

• India revenue at Rs 28,513 crore, up 12.9%YoY
• EBITDA margin at 53.6% up 56 bps YoY. EBIT margin at 23.2%, up 9 bps YoY
• Customer base stands at ~ 406 million
• Capex for the quarter at Rs 8,491 crore

Africa:

• Revenue (in constant currency) up 23.1% YoY
• EBITDA margin (in constant currency) at 47.4%, down 148 bps YoY. EBIT margin at 31.9%
• Customer base stands at 153 million
• Capex for the quarter at Rs 2,019 crore

FY24 Financial Highlights:

• Consolidated revenues at Rs 1,49,982 crore, up 7.8% YoY
• Consolidated EBITDA at Rs 79,046 crore and EBITDA margin at 52.7%, up 115 bps YoY
• India EBITDA at Rs 59,009 crore and EBITDA margin at 53.8%, up 162 bps YoY
• Consolidated Net Income (before exceptional items) at Rs 11,305 crore
• Consolidated Net income (after exceptional items) at Rs 7,467 crore 

In a statement, Gopal Vittal, MD, said: "We ended the year on a strong note with consistent performance across all businesses, both on customer metrics as well as financial parameters. India revenue (adjusted for Beetel) grew by 1.7% with EBITDA margin expanding to 54.1%, despite one day less in the quarter. Consolidated performance was impacted primarily by the devaluation of the Nigerian Naira. We added 7.8 million smart phone customers and delivered an industry leading ARPU of Rs 209. Our relentless focus on improving customer experience has resulted in 20% churn reduction during the quarter. Our simple and clear strategy coupled with razor-sharp focus on execution enabled us to end the quarter with life-time high market share across all businesses. Our efforts on digitizing Airtel are now gathering velocity and is being visibly felt across all parts of our operations. At the same time, our return on capital employed continues to remain low due to the absence of tariff repair in the industry.”

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