Bharti Airtel’s Q1FY25 Results
- 07 Aug 2024
- Bharti Airtel reported 3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis too, it witnessed a growth of 3%.
- Its expenses for the quarter were up by 3% QoQ and 5% YoY.
- The net profit increased 128% QoQ and 210% YoY.
- The earnings per share (EPS) of Bharti Airtel stood at 7 during Q1FY25.
Bharti Airtel’s Financial Statements for Q1FY25:
| (Rs crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 37,788 | 37,916 | 38,870 | 3% | 3% |
Total expenses | 17,842 | 18,234 | 18,799 | 3% | 5% |
Profit before tax | 1,853 | 2,778 | 6,025 | 117% | 225% |
Tax | 333 | 710 | 1,308 | 84% | 293% |
Profit after tax | 1,520 | 2,068 | 4,718 | 128% | 210% |
Earnings per share | 2.8 | 3.5 | 7.0 |
Financials:
- Revenue: Revenue from operations reached ₹38,870 crores, a 3% rise from ₹37,788 crores in the same period last fiscal year.
- Profit after tax: Bharti Airtel reported a profit of ₹4,718 crores, marking a significant 210% increase compared to ₹1,520 crores in Q1FY24.
- EBITDA: The company’s EBITDA stood at ₹19,944 crores.
- EBITDA Margin: at 51.8% decline of 95 bps YoY.
- Earnings Per Share (EPS): Improved significantly to ₹7.0, up from ₹3.5 in Q4FY24.
Management Commentary:
Gopal Vittal, Managing Director of Bharti Airtel, said,
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Q1FY25 was yet another steady quarter, with India revenue growing at 1.9% sequentially and sustained EBITDA margins expansion to 53.7%. Our stringent focus on driving cost efficiencies is reflected in strong operating leverage. Africa continues to deliver strong underlying constant currency revenue growth. India operations added 6.7 Mn smartphone customers and reported an improved ARPU of 211.
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Our postpaid strategy continues to yield results with 0.8 Mn net adds. During the quarter, we accelerated pace on FWA services expansion across key towns.
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Our Wifi services (FTTH and FWA) are now available in over 1300 cities. Our digital portfolio is shaping up well and it is geared for accelerated growth to add strength to our already diversified portfolio.
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In the recently concluded spectrum auction, we successfully renewed the spectrum that was expiring in 6 circles and further bolstered our sub-giga hertz and mid-band holding in key circles by investing Rs. 6,857 Crores. The industry saw much-needed action on tariff repair, which is positive for industry’s financial health amid the ongoing large network capex. We continue to believe that the industry needs over Rs 300 ARPU at the minimum for financial stability.”
Data Source: BSE, Company announcements
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