Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • BW TV
  • Subscribe to Print
BW Businessworld

Q4 Results: Bharti Airtel Net Profit Surges 164% YoY

In absolute terms, its net profit surged to Rs 2,008 crore compared to Rs 759 crore in the same quarter last year

Photo Credit :

1588162912_sJNpAB_bharti_n.jpg

Telecom giant Bharti Airtel on Tuesday released its result for the quarter ending in March and registered a 164 per cent growth in net profit. In absolute terms, its net profit surged to Rs 2,008 crore compared to Rs 759 crore in the same quarter last year.

Its revenue from operations grew 22 per cent to Rs 31,500 crore in the quarter, compared to Rs 25,747 crore in the same quarter last year. The growth was backed by strong and consistent performance delivery across the portfolio. 

"This has been another quarter to cap a full year of consistent and competitive performance across our portfolio. Our consolidated revenues for the quarter grew by 5.5 per cent and EBITDA margins expanded to 50.8 per cent, underscoring our focus on all round delivery. The mobile business revenues were up 9.5 per cent as we saw the full flow through of tariff increase. Airtel continues to have the highest ARPU at Rs 178. Our Homes and enterprise business continue to exhibit very strong growth momentum, reflecting the resilience of our overall portfolio. Our strong balance sheet and cash flows have enabled us to further repay some of our spectrum liabilities ahead of schedule and improve our leverage," said Gopal Vittal, MD and CEO, India & South Asia.

It said that its mobile ARPU (average revenue per user) increased to Rs 178 in Q4FY22 compared with Rs 145 in Q4FY21 and Rs 163 in Q3FY21. Reliance Jio, its major competitor, had reported ARPU at Rs Rs 167.6 for the March quarter.

“Airtel continues to have the highest ARPU at Rs 178. Our homes and enterprise businesses continue to exhibit very strong growth momentum, reflecting the resilience of our overall portfolio. Our strong balance sheet and cash flows have enabled us to further repay some of our spectrum liabilities ahead of schedule and improve our leverage,” said Vittal.

Bharti Airtel said it paid Rs 8,815 crore towards part prepayment of deferred liabilities pertaining to the 2015 spectrum, and it continues to focus on financial flexibility and optimizing the capital structure and finance cost.

The Board has considered and recommended a dividend of Rs 3 per fully paid-up equity share of face value Rs 5 each and Rs 0.75 per partly paid-up equity share of face value Rs 5 each (paid-up Rs 1.25 per share) for the financial year 2021-22.


Tags assigned to this article:
bharti airtel