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Telecom Services company Bharti Airtel announced Q1FY25 results:
Financial Highlights:
- Overall customer base stands at ~568 million across 16 countries
- Total revenues at Rs 38,506 crore, up 2.8% YoY
- EBITDA at Rs 19,944 crore, up 1.0% YoY; EBITDA margin at 51.8%, decline of 95 bps YoY
- EBIT at Rs 9,355 crore, down 7.2% YoY; EBIT margin at 24.3%, decline of 263 bps YoY
- Net Income (before exceptional items) at Rs 2,925 crore
- Net income (after exceptional items) at Rs 4,160 crore
- Capex for the quarter at Rs 8,007 crore
India Business:
- India revenue at Rs 29,046 crore, up 10.1%YoY
- EBITDA margin steady at 53.7% YoY. EBIT margin at 22.8%, down 126 bps YoY
- Customer base stands at ~ 409 million
- Capex for the quarter at Rs 6,781 crore
Africa Business:
- Revenue (in constant currency) up 19.0% YoY
- EBITDA margin (in constant currency) at 45.3%, down 313 bps YoY. EBIT margin at 29.0%
- Customer base stands at 155 million
- Capex for the quarter at Rs 1,225 crore
In a statement, Gopal Vittal, MD, said: "Q1FY25 was yet another steady quarter with India revenue growing at 1.9% sequentially and sustained EBITDA margins expansion to 53.7%. Our stringent focus on driving cost efficiencies is reflected in strong operating leverage. Africa continues to deliver strong underlying constant currency revenue growth. India operations added 6.7 million smartphone customers and reported an improved ARPU of Rs 211. Our postpaid strategy continues to yield results with 0.8 million net adds. During the quarter, we accelerated pace on FWA services expansion across key towns. Our Wifi services (FTTH and FWA) are now available in over 1300 cities. Our digital portfolio is shaping up well and it is geared for accelerated growth to add strength to our already diversified portfolio.
In the recently concluded spectrum auction, we successfully renewed spectrum that was expiring in 6 circles and further bolstered our sub-giga hertz and mid-band holding in key circles by investing Rs 6,857 crore. The industry saw much needed action on tariff repair, which is positive for industry’s financial health amid ongoing large network capex. We continue to believe that industry needs over Rs 300 ARPU at the minimum for financial stability.”
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