Bharti Airtel Q4 Result 2022: PAT jumps 164% YoY to Rs 2008 crore on higher ARPU;

Bharti Airtel Q4 Results 2022: Bharti Airtel has jumped 22.3 per cent year-on-year (YoY) on consolidated revenue of Rs 31,500 crore for the quarter ended March 31, 2022, the company said in filing with the exchange. Growth was supported by strong and consistent performance delivery across the portfolio, it says. Its revenue from Indian business was Rs 22,500 crore in the reporting quarter and grew by 22.7 per cent year-on-year.

Profit after tax (PAT) for the quarter ended March was Rs 2,008 crore as against Rs 759 crore in the year-ago period. It rose 164.4 percent.

The company’s board has also recommended a return of Rs 3 per equity share.

The results were announced after the market closed. Shares of Bharti Airtel closed at Rs 707.55 on the BSE today and have risen by Rs 14.75, or about 2 per cent, since the close on Monday.

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Bharti Airtel Q4 Results: Here are the main highlights of the results:

1) Mobile services India’s revenue grew 25.1 per cent year-on-year, led by ARPU growth due to the flow of tariff increases made in the previous quarter.

2) Airtel business revenue grew 12.9 percent, supported by strong demand for data portfolio and emerging businesses.

3) Homes business continues to show strong revenue growth of 45.8% per annum, led by healthy customer engagement

4) Digital TV continues to gather its strong market position

5) The combined EBITDA stands at Rs 15,998 crore; EBITDA margin 50.8 percent – improvement of 192 bps YoY

6) India’s business post EBITDA of Rs 11,436 crore, EBITDA margin at 50.8 per cent; 191 bps yoY

7) EBIT consolidated at Rs 7,315 crore; EBIT margin 23.2 percent – improvement of 362 bps YoY

8) India EBIT at Rs 4,219 crore; EBIT margin at 18.8 percent – Expansion of 368 bps YoY 7

9) Consolidated net income (excluding exceptional items) is Rs. 2,008 crore

Industry-leading management indicators show strong business momentum

1) 4G subscribers have crossed the 21.5 Mn YoY and 5.2 Mn QoQ, +200 Mn milestones, 62 percent of the overall subscriber base.

2) Mobile ARPU increased by Rs 178 in Q4’22 vs. Rs 145 in Q4’21

3) Mobile data consumption per month increased by 28.7 percent, cost per customer 18.8 GB per month

4) Homes business shows continued momentum, adding 323 thousand customer net in Q4’22

5) The number of digital TV subscribers in Q4’22 is 17.6 million

6) Airtel Payments Bank is witnessing accelerated adoption which has resulted in monthly transaction users growing by 26% per annum, expanding revenue and profit margins.

7) Rs 8,815 crore has been provided for partial prepayment of deferred liabilities related to 2015 spectrum, with continued focus on financial flexibility and optimizing capital structure and financial costs.

8) gained an additional 4.8 per cent stake in Indus Tower, with the group’s total holding in Indus Tower increasing to 46.5 per cent.

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