business

breaking news Bharti Airtel Q4 net profit zooms to Rs 2,008 Crore


Telecom operator Bharti Airtel on Tuesday announced a 164% year-on-year (YoY) increase in net profit to Rs 2007.9 crore for the fourth quarter ended March 31, 2022.

In the corresponding quarter of last year, the company recorded a net profit of Rs Rs 759.2 crore. CNBC-TV18 Polls had predicted a profit of Rs 1,880 crore for the quarter under review.

The operator’s quarterly revenue increased by 22.3% to Rs 31,500 crore in the January to March quarter, while ARPU (average revenue per user)

rose to Rs 178 from Rs 145 in the previous financial year, the company said in a statement.

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For the full FY22 year, the Sunil Mittal-led telecom company recorded a net profit of Rs 4,255 crore against a loss of Rs 15,084 crore in the previous financial year (FY21). Consolidated revenue for the fourth quarter of 2022 at Rs 31,500 crore increased by 22.3% year-on-year. Consolidated mobile data traffic at 11,550PB in the quarter with healthy growth of 29.5% year-on-year.

India’s revenue for the fourth quarter of 2022 at Rs 22,500 crore, increased by 22.7% year-on-year. Mobile revenues increased 25.1% year-on-year due to an increase in ARPU, driven by good follow-up to the tariff review and strong 4G customer additions during the year .

“We continue to gain a strong share of 4G customers in the market and surpassed the +200 million mark towards the end of Q4’22. The company added 21.5 million 4G customers to its network during the last year, an increase of 12.0% year-on-year.

ARPU continues to be the best in the industry, with average data usage per data customer at 18.8 GB/month and voice usage per customer at 1,083 minutes/month,” Bharti Airtel said. .

Consolidated EBITDA witnessed an increase of 27.1% year-on-year to reach Rs 15,998 crore in Q4 2022. This led to EBITDA margin improvement of 48.9% in Q4 2021 at 50.8% in Q4 2022, showing continued focus on operational efficiency. Incremental EBITDA margins across all businesses remained healthy, with Indian mobile EBITDA growing from 47.5% in Q4 2021 to 50.6% in Q4 2022.

Consolidated EBIT increased by 44.9% year-on-year to Rs 7,315 crore. Consolidated net income before exceptional items for the year

the quarter stands at Rs 1,860 crore. Consolidated net profit after exceptional items for the quarter stood at Rs 2,008 crore.

Net debt to EBITDA ratio (annualised) and including the impact of leases as of March 31, 2022, is 2.51 times compared to 2.95 times as of March 31, 2021. We paid an additional Rs 8,815 crore for repayment partial advance of deferred liabilities for spectrum acquired in 2015.

Gopal Vittal, MD and CEO, India and South Asia, said: “It was another quarter to cap off a full year of consistent and competitive performance across our portfolio.

Our residential and business activities continue to show very strong growth momentum, reflecting the resilience of our overall portfolio. Our strong balance sheet and cash flow have allowed us to continue to pay off some of our spectrum-related debt ahead of schedule and improve our leverage.”

The results fell after the close of market hours. Shares of Bharti Airtel closed at Rs 706, up Rs 13.20, or 1.91% on BSE.

First post: STI


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