Bharti Airtel Ltd's Q4FY19 consolidated net profit rises 29.31% yoy to Rs107cr : Beats Estimates

The company’s consolidated revenue stood at Rs20,602cr, up 6.2% yoy and 1.8% qoq.

May 07, 2019 03:05 IST India Infoline Research Team

Bharti Airtel Ltd Q4FY19

Consolidated Results Q4FY19: (Rs. in cr)

Q4FY19 QoQ (%)
Revenue 20,602.20 1.8
EBITDA 6,631.60 6.7
EBITDA Margin (%) 32.2 145
Net Profit (adjusted) 107.20 24.4
***EBITDA margin change is bps

Bharti Airtel Ltd’s revenue grew by 6.2% yoy and 1.8% qoq to Rs20,602cr. EBITDA came in at Rs6,631cr, down 4.3% yoy and up 6.7% qoq. EBITDA margin contracted by 354bps yoy and expanded by 145bps qoq to 32.19%. Company’s Net profit stood at Rs107cr vs. Rs83cr yoy and Rs86cr qoq. EBITDA came above estimates of Rs6,280cr.

• Customer count of Africa business grew to 98.8mn vs. 97.9mn qoq.
• Revenue for Africa business stood at US$781mn, down 0.2% qoq.
• Revenue for Mobile services India segment stood at Rs10,632cr, up 4.3% qoq.
• Network operating expenses stood at 28.9% of revenue vs. 28.4% qoq.
• Access charges stood at 11.8% of revenue vs. 12.1% qoq driving EBITDA margin expansion.
• Depreciation and amortisation expenses grew by 0.4% qoq to Rs5,493cr

Technical View:

Bharti Airtel Ltd is currently trading at Rs. 336.25, up by 2.85 points or 0.85% from its previous closing of Rs. 333.40 on the BSE.
The scrip opened at Rs. 340 and has touched a high and low of Rs. 340.40 and Rs. 330.90 respectively. So far 64,98,605 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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