Airtel books 3.4% revenue growth on back of continuing subscriber expansion

26 Oct 2016

Bharti Airtel, India’s largest cellco by subscribers, booked turnover of INR246.515 billion (USD3.686 billion) in the three months ended 30 September 2016 an increase of 3.4% year-on-year, though the company notes that it has restated its historical figures to exclude the company’s recently divested operations in Burkina Faso and Sierra Leone. EBITDA for the period was INR94.662 billion (+14.5%), but net profit dipped by 4.9% y-o-y to INR14.607 billion, with Airtel attributing the decline to the impact of several exceptional items. The revenue growth was driven by expansion in the operator’s domestic market, with turnover from its Indian mobile services increasing by 7.9% y-o-y, alongside growth of 14.8% and 20.9% from its Home and Digital TV segments respectively. In terms of its domestic mobile business, the operator counted a total of 259.941 million users, of which 62.659 million were mobile data customers (up 1.4% and 6.4% quarter-on-quarter respectively).

Airtel also reported an increase in revenue from its remaining 15 African units, booking turnover of USD898 million for the three-month period, up from USD866 million a year earlier. The group registered 2.377 million net new mobile subscribers across the region during the quarter, bringing its total African user base to 78.145 million, whilst mobile ARPU remained stable at USD3.9 – unchanged y-o-y but up from USD3.8 in the preceding quarter. Overall, the group reported a total of 363.088 million subscribers across all of its businesses and units, up from 357.846 million at end-June 2016.

India, Bharti Airtel