NEW DELHI, India -- Bharti Airtel Limited (“Bharti Airtel” or “the Company”) today announced its audited consolidated IFRS results for the fourth quarter and the full year ended March 31, 2015.
The consolidated revenues for Q4’15 at Rs 23,016 crore grew by 3.6% over the corresponding quarter last year. Consolidated Mobile data revenues at Rs 3,085 crore grew by 59.1% Y-o-Y, uplifted by higher data usage and robust customer growth.
India revenues registered a growth of 11.8% Y-o-Y across segments, led by 11.0% in Mobile, 10.2% in Telemedia and 17.2% in Digital TV. Mobile Data revenue at Rs 2,324 crore registered a growth of 70.4% Y-o- Y in India, uplifted by increase in usage per customer by 41.2% and Data customer base by 30.3%. Data ARPU has moved up by Rs 43 to Rs 176 in Q4’15. Mobile Data revenues contribute to 17.6% of Mobile India revenues vis-à-vis 11.5% in the corresponding quarter last year.
Africa revenues grew by 3.4% Y-o-Y in constant currency terms, but the reported revenues were down by 12.6% due to significant currency movements in last 12 months. Reported data revenues stood at $ 115 Mn with growth of 55.4% Y-o-Y in constant currency terms, led by increase in Data customer base by 36.2% and higher usage per customer by 34.5%. Data revenues contribute to 11.5% of overall Africa revenues vis-à-vis 7.7% in the corresponding quarter last year.
Consolidated EBITDA at Rs 8,051 crore grew by 10.0% Y-o-Y with EBITDA margin expanding by 2.0% to 35.0%, driven by India’s margin expansion by 3.8% Y-o-Y. The resultant consolidated EBIT of Rs 4,272 crore represents a Y-o-Y growth of 26.6%, with EBIT margin improving by 3.4%. The improved operational efficiency has resulted in the Consolidated Net Income growing by 30.5% Y-o-Y to Rs 1,255 crore.
Full Year Performance:
Annual consolidated revenues at Rs 92,039 crore grew by 7.3% over the previous year, led by robust top line growth in India. Africa Net revenues, which are a more apt comparison due to MTC changes, grew at 7.5% Y- o-Y in constant currency terms. Full year consolidated EBITDA at Rs 31,452 crore reflects an EBITDA margin of 34.2%, an improvement of 1.7% over the previous year. EBIT at Rs 15,857 crore increased by 30.0%, with margin improving by 3.0%. Net Income for the year grew by 86.9% to Rs 5,183 crore despite higher forex losses of Rs 2,153 crore (PY: Rs 1,242 crore). The company’s consolidated net debt as on March 31, 2015 was $ 10,679 Mn (PY: $ 10,074 Mn) with an improvement in the Net Debt to EBITDA ratio (LTM) to 2.08 times (PY:2.19). Excluding the deferred payment liabilities to the DOT, the Net Debt as on 31st March, 2015 stands at $ 8,392 Mn.
Bharti Airtel Ltd. (Mumbai: BHARTIARTL)