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Bharti Airtel Reports Loss Of INR 2866 crore

Financial results News - Published on Fri, 02 Aug 2019

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Bharti Airtel Limited announced its audited consolidated Ind AS results for the first quarter ended June 30, 2019.

Q1 Performance:
The consolidated revenues for Q1'20 at INR 20,738 crore grew 6.8% YoY (reported increase of 4.7%) on an underlying basis. Consolidated mobile data traffic at 4,045 PBs in the quarter has registered a healthy Y-o-Y growth of 94%.

India revenues for Q1'20 at INR 15,345 crore have increased by 5.5% YoY (increased 2.8% on reported) on an underlying basis. Mobile revenues have witnessed a YoY growth of 3.7%. Mobile ARPU has increased to INR 129 during the quarter. Mobile data traffic has nearly doubled to 3,904 PBs in the quarter as compared to 2,003 PBs in the corresponding quarter last year. Mobile 4G data customers increased by 63.3% to 95.2 Mn from 58.3 Mn in the corresponding quarter last year. Non Mobile businesses continue to perform well. Digital TV revenue witnessed a growth of 15.7% YoY (decline of 25.5% on reported basis due to reporting changes in DTH pursuant to the new tariff order, leading to content cost becoming a pass-through expense) on an underlying basis. Airtel Business has witnessed a growth of 7.2% YoY.

Consolidated EBITDA at INR 8,493 crore increased 24.2% YoY. Consolidated EBITDA margin increased by 6.4% to 41% in the quarter as compared to 34.5% in the corresponding quarter last year. Consolidated EBIT dropped by 4.5% YoY to INR 1,605 crore. The Consolidated Net Loss after exceptional items for the quarter stands at INR 2,866 crore.

Mr Gopal Vittal, MD and CEO, India & South Asia, said that "The first quarter of the year has begun with a healthy and equitable growth across all our lines of businesses. Headline pricing remained stable, albeit at low levels. We continue to remain focused on providing value to customers through our rewards platform, Airtel Thanks. This has led to the second consecutive quarter of ARPU increase. We have now extended our flagship Airtel Thanks program to our broadband customers.

We remain obsessed about network experience. As a result, we have re-farmed spectrum from 3G networks to 4G across both the 900 as well as 2100 bands and begun the process of shutting down 3G networks in India. This has enabled us to deliver improved indoor coverage as well as enhance our capacities.

Our underlying operational efficiency and customer-first mindset keeps us on track to grow our market share".

Source :

Posted By : TelecomGuru on Fri, 02 Aug 2019
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