Bharti Airtel books 8.4% topline growth

28 Apr 2016

Indian telecoms group Bharti Airtel has booked turnover of INR249.60 billion (USD3.75 billion) in the first three months of 2016, an 8.4% increase year-on-year, driven primarily by growth in its India and South Asia division, which consists of its operations in India, Bangladesh and Sri Lanka. EBITDA for the period totalled INR91.88 billion compared to INR80.51 billion twelve months earlier, leading to a 16.0% increase in net profit to INR14.93 billion.

Airtel’s total customer base reached 357.43 million at the end of March 2016, compared to 350.86 million three months earlier and 324.37 million in March 2015. In India, the operator’s mobile customer base expanded by 3.3% quarter-on-quarter to 251.24 million, of which 58.22 million were data subscribers, including 35.46 million 3G and 4G users (+14.8% q-o-q). In Bangladesh and Sri Lanka, however, the operator reported a 5.1% q-o-q slump in its user base, including a 0.5% fall in data subscribers, to 2.94 million. Similarly, the cellco registered a 1.8% decline in mobile subscriptions compared to December 2015 across its 17 African markets, claiming a total of 80.56 million customers.

India, Bharti Airtel