Bharti Airtel Q3 net income at INR 306 crore

Bharti Airtel Limited announced its audited consolidated Ind-AS results for the third quarter ended December 31, 2017.
The consolidated revenues for Q3’18 at Rs 20,319 crore de-grew 8.4% Y-o-Y (reported drop of 12.9%) on an underlying basis (viz. adjusted for India domestic termination rate reduction and Africa / Bangladesh divested operating units).

Consolidated mobile data traffic at 1,178 Mn MBs in the quarter has registered a robust Y-oY growth of 460.4% on an underlying basis.

India revenues for Q3’18 at Rs 15,294 crore have declined by 11.3% Y-o-Y (15.1% on reported) on an underlying basis, adjusted for the impact in reduction of domestic termination rates. Y-o-Y de-growth primarily impacted by mobile drop of 17.6%.

India other business have witnessed healthy growth e.g. 10.4% in Digital TV and 7.2% in Airtel Business on Y-o-Y basis. Mobile data traffic has grown more than 6x to 1,106 Bn MBs
in the quarter as compared to 172 Bn MBs in the corresponding quarter last year.

Mobile broadband customers increased by 64.9% to 62.1 Mn from 37.7 Mn in the corresponding quarter last year.During the quarter, Bharti Airtel divested Ghana country operation in Africa. Effective current quarter, financials and operational parameters have been shown for balance 14 countries and the historical periodshave been re-instated to make them comparable. In constant currency (1st Mar’17) terms, Africa revenuesgrew by 5.3% Y-o-Y led by strong growth in data and Airtel money transaction value.

Mobile data traffic has grown by 95.3% to 66 Bn MBs in the quarter as compared to 34 Bn MBs in the corresponding quarter last year. Data customers increased by 39.4% to 23.3 Mn from 16.7 Mn in the corresponding quarter last year.

Active Airtel Money customer base increased to 10.4 million, boosting the total transaction value on Airtel Money platform by 37.9% to $ 5.4 billion. Our continuous cost control initiatives have resulted in significant improvement of EBITDA margin by 10.8% Y-o-Y and stands at 35.5%.

Consolidated EBITDA margin at 37.3%, up 0.6% Y-o-Y.

Net Income for the quarter at Rs 306 crore (Q2’18: Rs 343 crore) vs Rs 504 crore in the corresponding quarter last year.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.