8 Feb 2022 , 10:48 PM
During the December 2021 quarter, revenues from the India mobile services were up 19% yoy on the back of higher ARPU. Airtel Business revenues were up 13.4%, while the homes business grew at a robust 40.4%.
During the quarter 4G customers were up 29.9 million yoy while mobile ARPUs increased from Rs.146 to Rs.163. For the quarter, mobile data consumption was up 33.8% while consumption per customer at 18.3 GB per month. During the quarter, Bharti Airtel paid Rs.15,519cr to the government towards deferred spectrum.
India business crossed Rs.10,000cr EBITDA for the first time. Consolidated EBIT stood at Rs6,345cr while EBIT margins stood at 21.2%. Google has committed to invest $1 billion into Bharti. Operating margins increased on the back of lower access charges from 16.80% in Dec-20 quarter to 23.35% in the Dec-21 quarter. Operating margins were higher on a sequential basis by 86 bps.
PAT margins tapered from 3.22% in the Dec-20 quarter to 2.78% in the Dec-21 quarter. The PAT margins were lower by 122 bps on a sequential basis. Bharti Airtel’s reported 35.6cr customers in India and 12.6cr customers in Africa.
Financial highlights for Dec-21 compared yoy and sequentially
Bharti Airtel | |||||
Rs in Crore | Dec-21 | Dec-20 | YOY | Sep-21 | QOQ |
Total Income (Rs cr) | ₹ 29,867 | ₹ 26,518 | 12.63% | ₹ 28,326 | 5.44% |
Operating Profit (Rs cr) | ₹ 6,974 | ₹ 4,454 | 56.57% | ₹ 6,369 | 9.49% |
Net Profit (Rs cr) | ₹ 830 | ₹ 854 | -2.81% | ₹ 1,134 | -26.84% |
Diluted EPS (Rs) | ₹ 1.48 | ₹ 1.56 | ₹ 2.06 | ||
Operating Margins | 23.35% | 16.80% | 22.49% | ||
Net Margins | 2.78% | 3.22% | 4.00% |
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