Telecom major Bharti Airtel on Thursday reported a fall of 39% in net profit for December quarter, primarily on account of cut in the IUC charges, and as competition from Reliance Jio still continues to hurt. Here are all the key financial and operational figures in a nutshell.
Telecom major Bharti Airtel on Thursday reported a net fall of 39% for December quarter. The main reasons for the decline were domestic termination rate reduction and Africa and Bangladesh divested operating units. Bharti Airtel said in a regulatory filing. The consolidated revenues for Q3 de-grew at Rs 20,319 crore, a decline of 8.4% on year (a drop of 12.9%) on an underlying basis. “Regulatory fiat in the form of a cut in domestic IUC rates has exacerbated the industry ARPU decline in Q3’18. The recent announcement of a reduction in International termination rates will further accentuate this decline and benefit foreign operators with no commensurate benefit to customers. Continued investments in data capacities, strategic partnerships with content and handset providers and focus on customer friendly innovations like data rollover has led to healthy customer additions of 8.1 Mn during the quarter. Q3’18 has also seen the highest ever broadband site deployment of 32K in any quarter, complementing the robust data and voice traffic growth of 544% and 50% respectively on a Y-o-Y basis. We are committed to remaining the operator of choice for all customers in this rapidly consolidating industry,” said Gopal Vittal, MD and CEO, India & South Asia.
Here are the key figures from Bharti Airtel’s financial results for fiscal third quarter October-December:
- Consolidated net profit at Rs 306 crore; down 39% on-year from Rs 5o4 crore;
- Consolidated total revenue at Rs 20,319 crore; down 13% on-year on underlying basis; down 6.7% on-quarter from Rs 21,777 crore.
- Consolidated EBITDA at Rs 7,587 crore; down 11.5% on-year from Rs 8,571 crore;
- Consolidated EBITDA margin at 37.3%; up from 36.7% previous year;
- Consolidated EBIT at Rs 2,701 crore; down 26.5% on-year from Rs 3,675 crore;
- India total revenue at Rs 15,294 crore; down 15% on-year from Rs 18,013 crore;
- India mobile revenue at Rs 10,751 crore; down 22% on-year from Rs 13,813 crore;
- India mobile customers at 29 crore; up 9.1% on-year; up 2.9% on-quarter
- India mobile ARPU at Rs 123; down 28.6% on-year; down 15.2% on-quarter
- India mobile data broadband customers at 6.2 crore; up 64.9% on-year; up 12.6% on-quarter
- India mobile data traffic at 1.1 lakh crore MBs; up 5.4 times on-year; up 41.1% on-quarter
- India mobile data usage per customer at 5,349 MBs; up 4.5 times on-year; up 30.9% on-quarter
First published on Thursday, 18 January 2018 on www.financialexpress.com