Bharti Airtel Q4 Results Highlights: Net profit declines 31% YoY to ₹2,068.2 crore, dividend announced

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Gopal Vittal, Managing Director, Bharti Airtel, 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 ₹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".

• Consolidated revenues at ₹149,982 crore, up 7.8% YoY
• Consolidated EBITDA at ₹79,046 crore and EBITDA margin at 52.7%, up 115 bps YoY
• India EBITDA at ₹59,009 crore and EBITDA margin at 53.8%, up 162 bps YoY
• Consolidated net income (before exceptional items) at ₹11,305 crore
• Consolidated net income (after exceptional items) at ₹7,467 crore

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

Bharti Airtel and Google Cloud on Monday entered into a strategic collaboration to deliver cloud solutions to Indian businesses.

• Share price: ₹1,288 (0.16%)
• Open: ₹1,290.5
• High: ₹1,299.9
• Low: ₹1,281.5
• Previous close: ₹1,285.9
• Total Market Cap: ₹7,30,762 crore
• Free float market cap: ₹3,36,202 crore

• Sunil Bharti Mittal- Chairman
• Gopal Vittal- Managing Director and CEO
• Shashwat Sharma- Chief Operating Officer
• Amit Tripathi- Director, Marketing and Customer Experience
• Randeep Singh Sekhon- Chief Technology Officer
• Amrita Padda- Chief People Officer
• Vidyut Gulati- General Counsel & Director, Legal
• Soumen Ray- Chief Financial Officer
• Pradipt Kapoor- Chief Information Officer
• Rahul Vatts- Chief Regulatory Officer
• Pankaj Miglani- Director, Supply Chain Management

Bharti Airtel on Tuesday announced that it has deployed additional sites in Cooch Behar and Alipurduar district to densify its network.

Cooch Behar and Alipurduar district network enhancement project was undertaken across 1537 villages covering 41.26 lakh rural population.

Customers in the tehsils of Cooch Behar- I, Cooch Behar – II, Dinhata – I, Dinhata - II, Tufanganj - I, Alipurduar - I and Tufanganj – II under Koch Bihar and Alipurduar districts will directly benefit from this network enhancement.

The new revenue from operations is expected to increase to ₹38,315 crore in the latest March quarter from ₹37,899.5 crore in the same period last year.

• Sunil Bharti Mittal- Chairman
• Pradeep Kumar Sinha- Independent Director
• Chua Sock Koong- Non Executive Director
• Gopal Vittal- Managing Director and CEO
• Nisaba Godrej- Independent Director
• Tao Yih Arthur Lang- Non Executive Director
• Rakesh Bharti Mittal- Non Executive Director
• Kimsuka Narasimhan- Independent Director
• Shyamal Mukherjee- Independent Director
• Douglas Anderson Baillie- Independent Director

• Share price: ₹1,286 (0.03%)
• Open: ₹1,290.5
• High: ₹1,299.9
• Low: ₹1,283.1
• Previous close: ₹1,285.9
• Total Market Cap: ₹7,29,797 crore
• Free float market cap: ₹3,35,824 crore

Headquartered in India, Airtel is a global communications solutions provider with over 500 million customers in 17 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally, and its networks cover over two billion people.

Airtel is India’s largest integrated communications solutions provider and the second-largest mobile operator in Africa. Airtel’s retail portfolio includes high-speed 4G/5G mobile broadband, Airtel Xstream Fiber that promises up to 1 Gbps with convergence across linear and on-demand entertainment, streaming services spanning music and video, digital payments and financial services.

For enterprise customers, Airtel offers a gamut of solutions that includes secure connectivity, cloud and data centre services, cyber security, IoT, Ad Tech and cloud-based communication.