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Bharti Airtel Q4 profit at Rs 509 crore, down 49 percent

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V&D Bureau
New Update

Bharti Airtel has today announced its Q4 profit at Rs 509 crore, a dip of 49 percent.

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The net income was mainly impacted by higher depreciation & amortization cost (Rs 515 crore), net interest cost (Rs 132 crore), dividend distribution tax (Rs 37 crore), and higher deferred tax charge due to hike in surcharge (Rs 96 crore). Consolidated operating free cash flows for the quarter were at Rs 2,964 crore.

Revenues in Q4 on a consolidated basis ar Rs 20,448 crore, grew by 9.2 percent over the corresponding period last year. This was led by strong growth of 71 percent in mobile Internet in India, 24 percent in digital TV, 17 percent in Airtel business and 12.6 percent in Africa.

With improvement in churn, the mobile additions net additions have improved after two quarters. ARPU has grown to Rs 193, a sequential improvement of Rs 8 in this quarter, fuelled by increased customer usage at 455 minutes.

For Bharti Airtel, the full year consolidated revenues a Rs 80,311 crore grew by 12.4 percent over the corresponding previous year, with highlights being mobile data growth of 66 percent in India, 26 percent in digital TV, 19 percent in Airtel business and 21 percent in Africa.

Commenting on the results, Sunil Bharti Mittal, Chairman, Bharti Airtel said, "I am pleased to see that market corrections have started with improvements in the quality of customer acquisitions, and that pricing stability is investments we are optimistic about the potential for improved market shares and margin expansions, Finally, on the data front, we are now geographies."

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