Excelsior Correspondent
NEW DELHI, July 29: Bharti Airtel Limited (“Bharti Airtel” or “the Company”) today announced its audited consolidated IFRS results for the first quarter ended June 30, 2014.
The consolidated revenues for Q1’15 at Rs 22,962 crore grew by 13.3% over the corresponding quarter last year. Consolidated Mobile data revenues at Rs 2,204 crore grew by 73.9% Y-o-Y, consistently contributing more than one-third of the incremental revenues. This was stated in a handout issued here today.
It said SA revenues registered a growth of 11.8% Y-o-Y across segments, led by 9.9% growth in Mobile India, 112.9% in Telemedia Services, 20.7% in Digital TV, 14.8% in ‘airtel business’ (B2B) and tt.7% in South Asia. Mobile voice realisation in India improved to 38.08 p per minute (up 1.49 p Y-o-Y). Mobile Data revenue at Rs 1,559 crore registered a growth of 68.2% Y-o-Y in India, uplifted by increase in data customer base and higher usage per customer. Mobile data revenu1s contributed to 12.4% of Mobile India revenues vis-a-vis 8.2% in the corresponding quarter last year, it added.
It said Africa revenues grew by 17.5% Y-o-Y in INR terms and 12.1% in constant currency terms. Data revenues stood at US$ 102 Mn for the current quarter, contributing 8.8% of overall Africa revenues vis-a-vis 5.3% in the corresponding quarter last year. Data ARPU increased to US$ 1.50 from US$ 1.23 in same quarter last year, enabled by 36.7% increase in data usage per customer. Active Airtel Money cu~tpmers have risen by 222.0% Y-o-Y to 4.3 Mn, it added.
The handout said that consolidated EBITDA at Rs 7,720 crore grew by 18.0% Y-o-Y, WI margin expanding by 1.3% to 33.6%. The resultant consolidated EBIT of Rs 3,684 crore represents a Y-o-Y growth of 36.5%, with EBIT margin improving by 2.7%. Improved operational efficiency and lower forex & derivative losses resulted in consolidated Net Income growing by 60.9% Y-o- Y to Rs 1,108 crore.
The Company’s consolidated net debt has reduced to US$ 9,609 Mn resulting in the Net Debt to EBITDA ratio (LTM) improving to 2.04 times as compared to 2.20 times at the end of the previous quarter.
Gopal Vittal, MD and CEO, India & South Asia, said: “Our revenue momentum in India has been sustained during Q1 with a growth of 11.8%. While the pace across aU segments has been satisfying, Mobile data and DTH stood out with growths of 68.2% and 20.7% respectively.
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