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  1. Bharti Airtel Q4 PAT beats expectations; up 2.8% at Rs 1,290 crore

Bharti Airtel Q4 PAT beats expectations; up 2.8% at Rs 1,290 crore

Sunil Mittal-led Bharti Airtel, India's largest telecom operator, on Wednesday reported a Profit After Tax (PAT) of Rs 1,290 crore for the fourth quarter of FY16, up 2.8%.

By: | New Delhi | Updated: April 27, 2016 9:17 PM
bharti airtel Sunil Mittal-led Bharti Airtel, India’s largest telecom operator, on Wednesday reported a Profit After Tax (PAT) of Rs 1,290 crore for the fourth quarter of FY16, up 2.8%. (Reuters)

Sunil Mittal-led Bharti Airtel, India’s largest telecom operator, on Wednesday reported a Profit After Tax (PAT) of Rs 1,290 crore for the fourth quarter of FY16, up 2.8%. The net profit for the entire fiscal year stands at Rs 5,484 crore. The telecom beat market expectations on the back of higher data revenue.

The consolidated revenues for Q4 were reported at Rs 24,960 crore, a growth of 10.1% Y-o-Y (8.4% reported Y-o-Y) on an underlying basis, adjusted for India termination rates reduction and Africa tower asset divestment. Consolidated mobile data revenues came in at Rs 4,434 crore, up 43.7% Y-o-Y.

India revenues for Q4 were Rs 18,328 crore, up 11.7% Y-o-Y (9.9% on reported) on an underlying basis, adjusted for the impact in reduction of termination rates. This was led by strong growth of 11.9% in mobile and 23.5% in Digital TV on Y-o-Y basis.

Mobile Data revenues were reported at Rs 3,357 crore, up 44.5% Y-o-Y in India, led by increase in the data customer base by 25.5% and traffic by 69.4%. Mobile broadband customers increased by 79.9% to 35.5 million from 19.7 million in the corresponding quarter last year.

Data ARPU has moved up by Rs 21 (Y-o-Y) to Rs 196 in Q4, led by 31.0% increase in usage per customer. Mobile Data revenues now contribute to 23.3% of Mobile India revenues vis-à-vis 17.6% in the corresponding quarter last year.

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