Bhartis Q4FY14 Ebitda grew 3% q-o-q and 20.6% y-o-y to R7,310 crore (estimated R7,210 crore), driven by strong performance in India business. Consolidated revenue grew 13.5% y-o-y and 1.3% q-o-q to R22,220 crore (versus estimated R22,250 crore), driven by q-o-q growth across all segments except the Africa business, which was impacted by seasonal weakness.
Proforma PAT increased 135% y-o-y and 44% q-o-q to R1,195 crore. Reported PAT of R960 crore included R230-crore exceptional loss on account of integration costs. India mobile revenue grew 9.3% y-o-y and 3.4% q-o-q to R12,040 crore. Ebitda grew 25.1% y-o-y and 6% q-o-q to R4,210 crore (vs estimates of R4,170 crore). Mobile traffic grew 3.8% q-o-q (vs estimates of 3.5%); mobile RPM remained flat sequentially at 44.9 paise (vs estimated 45.1 paise). Data revenue contribution rose to 11.1% in Q4FY14.