Bharti Airtel Ltd. has announced consolidated financial results for the third quarter ended 31st December, 2011. The results are as per IFRS.
The Company's consolidated net profit stood at Rs10.11bn in the October-December quarter compared with Rs 13.03bn in the same period last year.
Consolidated revenue grew more than 17% to Rs 184.77bn from Rs 157.72bn in the corresponding quarter last year.
Consolidated EBITDA margins stood at 32% as against 31.7% in the same quarter last year. Africa saw significant margin improvement, from 19.1% last year to 26.7% in Q3 this fiscal year.
Finance costs, mainly on debt taken to fund an acquisition in Africa and to pay for 3G bandwidth in India, rose 12% to Rs 8.8bn while depreciation costs jumped 32% to Rs 35.85bn.
Tax expenses surged 66% from a year earlier to Rs 5.59bn.
India & South Asia continued its double digit revenue growth (YoY 12.1%) aided by improvement in realisation rates.
Commenting on the occasion, Mr. Sunil Bharti Mittal, Chairman & Managing Director, Bharti Airtel Limited, said,"I am pleased that investments in branding and networks continue to be our focus in India, as we enhance customer experience for voice quality and cater to the ever increasing demand for data. These investments are resulting in healthy growth of Mobile revenues. In Africa, we have crossed the 50 million customer milestone and are now one of the fastest growing telecom companies in the continent”.
The company’s overall customer base stood at 243 million across 19 countries.
Monthly average revenue per user (ARPU) from Bharti Airtel’s Indian operations rose to Rs 187 during the reporting quarter from Rs 183 in the July to September quarter.
As of December 31, 2011, Bharti Airtel has a net debt of US$12.72bn.
Revenue from African operations rose 16.1% year-on-year to US$1.05bn, Bharti Airtel said.
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