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Bharti Airtel Net Income Increases By 89% At Rs 962 Crore

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The net income of Bharti Airtel Limited for the fourth quarter (ended March 31, 2014) has surged by 89% at Rs 962 Crore.

today announced its audited consolidated IFRS results for the fourth quarter and the full year .

Q4 Performance:

The consolidated revenues for Q4’14 at Rs 22,219 crore grew by 13.5% over the corresponding quarter last year. Consolidated Mobile data revenues at Rs 1,900 crore grew by 93.4% Y-o-Y, accounting for more than one-third of the growth.

India revenues registered a growth of 11.6% Y-o-Y. Mobile voice realisation in India improved to 37.07p per minute (up 2.08p Y-o-Y). Mobile Data revenue at Rs 1,325 crore registered a growth of 89.2% Y-o-Y while Telemedia, DTH and Airtel Business registered double digit revenue growth.

International revenues grew by 17.2% Y-o-Y in INR terms with Africa growing by 16.4% and South Asia by 30.0%. Consolidated EBITDA at Rs 7,307 crore grew by 20.6% Y-o-Y, with margin expanding by 1.9% to 32.9%. The resultant consolidated EBIT of Rs 3,362 crore represents a Y-o-Y growth of 48.8%, with EBIT margin improving by 3.6%.

Forex and derivative losses for the quarter came in at Rs 152 crore, compared to Rs 203 crore in the corresponding period last year. Improved operational efficiency resulted in consolidated Net Income growing by 89.1% Y-o-Y to Rs 962 Crore.

Full Year Performance:

Annual consolidated revenues at Rs 85,746 crore grew by 11.5% over the previous year, mainly driven by mobile data (+96.3%), DTH (+27.5%), Airtel Business (+19.1%) and South Asia (+41.2%). Full year consolidated EBITDA at Rs 27,777 crore reflects an EBITDA margin of 32.4%, an improvement of 2.2% over the previous year.

EBIT at Rs 12,127 crore increased by 43.6%, with margin improving by 3.2%. Net Income for the year increased by 21.8% to Rs 2,773 crore. The company’s consolidated net debt as on March 31, 2014 was $ 10,074 Mn (PY: $ 10,729 Mn) with an improvement in the Net Debt to EBITDA ratio (LTM) to 2.20 times (PY: 2.51). The board has proposed a final dividend of Rs 1.80 per share (face value of Rs 5 per share) for the financial year ended March 31, 2014, subject to approval by the shareholders (PY: Rs 1.00 per share).

Wahengbam Rorrkychand

View all contributions by Wahengbam Rorrkychand


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