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More Africa NewsBharti Airtel’s quarterly revenues jump more than 15%, tops 420 mln customers

July 30, 2020by myles0
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Mobile operator Bharti Airtel posted total revenues of INR 239.39 billion for its first quarter ended 30 June 2020, which represents an increase of 15.4 percent year-on-year. The operator ended June with 420 million customers across 16 countries. EBITDA also jumped 25.3 percent year-on-year to INR 106.39 billion, with EBITDA margin at 44.4 percent, up 3.5 percentage points year-on-year.

Quarterly net loss amounted to INR 4.36 billion. Total capex spend for the quarter was INR 39.75 billion. Consolidated mobile data traffic reached 7,019 PBs in the quarter, following a year-on-year increase of 73.5 percent.

Airtel’s revenues in India increased 14.6 percent year-on-year to INR 175.89 billion, and EBITDA margin rose 4.8 percentage points to 44.3 percent at 30 June. Mobile revenues jumped 18.5 percent in the period, while ARPU for the quarter amounted to INR 157 compared to INR 129 in the quarter ended June 2019, led by full impact of Airtel’s tariff hikes in the previous quarter alongside continuing focus on quality customers, the company said. The number of 4G data customers also increased by 45.3 percent to 138.3 million from 95.2 million in June 2019, while traffic also increased to 74.09 PB per day from 42.90 PB per day one year earlier.

Africa revenues (in constant currency) were up 13 percent, with EBITDA margin at 44 percent, slightly up 0.6 percentage points in the period. 

Airtel Business revenues grew 9.2 percent year-on-year, led by growth across all its segments including connectivity revenues from global business, domestic enterprise business besides solutions such as data centres, cloud, IOT.

Digital TV revenue increased 9.3 percent year-on-year on an underlying basis, on the back of strong customer additions growth of 5.1 percent to 16.8 million from 16 million in June 2019.

Source: Telecompaper.com

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