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.
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.
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.
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%.
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Research Analyst: Bavadharini KS