Airtel books 7.9% y-o-y increase in revenue

28 Jul 2016

Indian telecoms group Bharti Airtel has booked total revenue of INR255.46 billion (USD3.348 billion) for the three months ended 30 June 2016, an increase of 7.9% year-on-year. EBITDA for the period grew 16.4% y-o-y to INR95.91 billion with an EBITDA margin of 37.5%, up from 34.8% a year earlier. Net income, however, was down 30.8% compared to the corresponding period of 2015 at INR14.62 billion, with Airtel attributing the decline to a number of exceptional items, including restructuring costs and charges relating to the reassessment of the useful life of certain network assets.

In terms of subscribers, Airtel counted a total of 341.965 million mobile customers, an increase of 7.5% y-o-y, despite continuing contraction in its African user base. In India, mobile subscriptions grew 10.9% annually to 255.735 million, of which 58.903 million were data users (up 19.1% compared to June 2015). Similarly, its South Asian wireless subscriber base grew by 2.5% to 9.245 million, including 2.749 million data customers. In Africa, though, Airtel booked a 1.7% decline in mobile subscriptions to 76.986 million. The group did see some improvement in its subscriber base, noting that at 5.0% customer churn was its lowest in the past 17 quarters. The proportion of pre-paid users also dipped from 99.4% to 99.2% and the number of data subscribers grew 26.0% y-o-y to 16.425 million.

India, Bharti Airtel