Airtel Q1 Revenue Up 8%, Net Dips 31%

Bharti-Airtel-And-Bharti-Infratel-To-Improve-Sanitation-For-50,000-Individuals-Across-405-VillagesBharti Airtel, country’s top operator, registered a revenue growth of close to 8% in its first quarter ended June 31 compared to the same period a year ago. In FY 2016 Q1 Airtel posted revenue of Rs 25,546 crore as against Rs 23,671 crore in for the same period of last fiscal registering a growth of 7.9%.

However, in terms of net profit the company saw a major dip. Airtel’s net profit for the reported period jumped 31% to touch Rs 1462 crore where as against the profit of Rs 2113 crore in Q1 of FY2015-16.

On standalone basis, revenues from India business for Q1’17 were registered at Rs 19,155 crore growing by 10.3% Y-o-Y (net revenues up 11.9% Y-o-Y). This was led by healthy growth of 9.1% in Mobile, 11.0% in Homes, 22.2% in Digital TV and 10.4% in Airtel Business on Y-o-Y basis. The Company has realigned its India segment reporting in line with management reorganisation. Consequently, Airtel Business also now includes the erstwhile Corporate fixed line voice and fixed line data business which was hitherto reported with Telemedia segment.

“The year has begun well with revenue growth of 10.3% Y-o-Y and continued revenue market share gains. In continuation of our Project Leap announcement, we have now transparently opened up our entire mobile network to our customers so as to partner them in striving to deliver a world class experience,” said Gopal Vittal, MD&CEO, Airtel India and South Asia.

Mobile Data revenues cross Rs 3,500 crore and at Rs 3,525 crore grew by 35.1% Y-o-Y, led by increase in the Data customer base by 19.1% and traffic by 54.9%. Mobile Broadband customers increased by 68.3% to 36.6 Mn from 21.7 Mn in the corresponding quarter last year. Data ARPU has moved up by Rs 21 Y-o-Y to Rs 202 in Q1’17, led by 28.1% increase in usage per customer. Mobile Data revenues now contribute to 23.7% of Mobile India revenues visà-vis 19.2% in the corresponding quarter last year.

Revenues from Africa business grew by 3.8% Y-o-Y. Data revenues at $ 154 million grew by 31.2% Y-oY, led by increase in Data customer base by 26.0% and traffic by 106.2%. Data ARPU increased to $ 3.2 from $ 3.1 in the corresponding quarter last year. Data revenues now contribute to 16.5% of overall Africa revenues vis-à-vis 12.9% in the corresponding quarter last year. Africa underlying EBITDA margin is up Y-o-Y by 3.6% to 22.5%. Active Airtel Money customer base at 8.6 million, boosting the total transaction value on Airtel Money platform by 62.0% to $ 5.1 billion.

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