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Airtel Q4 Results 2022

17 May 2022

Telecom giant Bharti Airtel posted its Q4 FY22 results on May 17, 2022. 

The company’s consolidated profit was up 142% QoQ (Quarter on Quarter) to Rs 2,007 crore during the March quarter from Rs 829 crore in the previous quarter. The profit attributable to the owners of the company on a YoY (Year on Year) was up 164% y-o-y from Rs 759 crore during the same period last year. 

The company’s revenue from operations was up 5.4% QoQ to Rs 31,500 crore from Rs 29,866 crore in Q3 FY22. The revenue from operations was up 22.3% YoY. However, the company’s other income was down 90.8% QoQ and 78.3% YoY to Rs 18 crore in the quarter under review.

More on Bharti Airtel Q4 Results 2022

The company’s ARPU (Average Revenue Per Unit) increased to Rs 178 in Q4 FY22 from Rs 145 in Q4 FY21. Airtel’s mobile data consumption is also up by 28.7% YoY, consumption per customer at 18.8 GB per month.

The company paid Rs 8,815 crore towards part prepayment of deferred liabilities pertaining to 2015 spectrum.

Bharti Airtel’s Board of Directors have recommended a dividend of Rs 3 per equity share. 

Highlights of Bharti Airtel Quarterly Results 

  • Overall customer base stands at 491 million across 16 countries
  • Total revenues at Rs 31,500 crore, up 22.3% YoY
  • EBITDA at Rs 15,998 crore, up 27.1% YoY
  • EBITDA margin at 50.8%, up 192 base points YoY
  • Total Capex spend for the quarter of Rs 5,997 crore
  • India revenue at Rs 22,500 crore, up 22.7% YoY
  • Operating margin up at 23.7% from 20.6% in the previous quarter and 18.8% same period last year
  • Net profit margin up at 11.8% from 5.5% in the previous quarter and 5.9% Q4FY21
  • 4G customers up by 2.15 crore YoY & 52 lakh QoQ
  • Mobile ARPU (Average Revenue Per Unit) increased to Rs 178 in Q4 FY22 vs Rs 145 in Q4 FY21

Segment-wise revenue

  • Mobile Services – India: Revenue up 25.1% YoY to Rs 17,616 crore; Africa: Revenue up 20.8% YoY to Rs 9,187 crore; South Asia: Revenue flat at Rs 984 crore 
  • Airtel Business: Revenue up 12.8% YoY to Rs 4,179 crore 
  • Home Services: Revenue up 46% YoY to Rs 876 crore 
  • Digital TV Services: Revenue down 1.5% YoY to Rs 755 crore 
  • Others: Revenue up 12.5% YoY to Rs 9.5 crore 

What the Management says

Gopal Vittal, MD and CEO, India & South Asia said that consolidated revenues for the quarter grew by 5.5% and EBITDA margins expanded to 50.8%. The mobile business revenues were up 9.5% as we saw the full flow-through of the tariff increase. Airtel continues to have the highest ARPU at Rs 178. Homes and enterprise businesses continue to exhibit very strong growth momentum, reflecting the resilience of the overall portfolio. The company’s strong balance sheet and cash flows have enabled it to further repay some of the spectrum liabilities ahead of schedule and improve leverage.

Other things to know about Bharti Airtel Results

The company acquired an additional 4.8% stake in Indus Tower, with this the total holding of the group in Indus Towers has increased to 46.5%.

To read the RA disclaimer, please click here
Research Analyst: Bavadharini KS

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