Bharti Airtel’s consolidated revenues for Q2’21 stood at Rs 257.85 billion, registering a growth of 22 per cent year on year (YoY). Meanwhile, the telco managed to narrow down its loss to Rs 7.63 billion during quarter ended (QE) September 2020 from Rs 230.4 billion an year ago.

Consolidated EBITDA witnessed an increase of 32.6 per cent YoY to Rs 118.48 billion in Q2’21. This led to an improvement in EBITDA margin from 42.3 per cent in Q2’20 to 46.0 per cent in Q2’21. Incremental EBITDA margins across businesses remained healthy, with mobile services EBITDA improving from 36.3 per cent in Q2’20 to 42.6 per cent in Q2’21. Consolidated EBIT increased by 121.4 per cent YoY to Rs 44.12 billion. The consolidated net loss before exceptional items for the quarter stood at Rs 7.44 billion. Meanwhile, the consolidated net loss after exceptional items for the quarter stood at Rs 7.63 billion. The Net Debt-EBITDA ratio (annualised) and including the impact of leases as on September 30, 2020 stood at 2.91 times as compared to 3.30 times as on September 30, 2019. Excluding pending AGR dues, the Net Debt-EBITDA ratio (annualised) stood at 2.41 times as on September 30, 2020.

Consolidated mobile data traffic stood at 7,403 PBs in the quarter with a healthy YoY growth of 58.8 per cent.

Airtel’s India revenues for Q2’21 stood at Rs 187.47 billion, recording a YoY increase of 22 per cent. Mobile revenues grew by 26 per cent. Resultantly, ARPU for the quarter stood at Rs 162 as compared to Rs 128 in Q2’20. The company continues to garner a strong share of the 4G net ads in the market. 4G data customers increased by 48.1 per cent to 152.7 million compared to the previous year while traffic increased to 77.3 PB/day vs 48.9 PB/day in the corresponding quarter last year.

After slowdown in site deployment due to COVID, the telco accelerated roll-outs in Q2 and added over 5,000 sites to cross the 200,000 site count mark. Homes business segment witnessed a revenue growth of 7.3 per cent YoY. Airtel added over 129,000 customers during the quarter to reach to a total customer base of 2.58 million. The telco also re-calibrated its offering and launched Xstream bundles with content and unlimited internet to accelerate penetration. The company signed on many more LCO partnerships in non-wired cities, extending the model to 48 cities. The company also focused on fast-track network expansion by rolling out fibre home passes and upgrading existing copper network during the quarter.

Digital TV witnessed a growth of 1.9 per cent YoY on an underlying basis, on the back of strong customer additions of 549,000 during the quarter.

Sharing his insights on the results, Gopal Vittal, MD and CEO, India & South Asia, said, “Despite being a seasonally weak quarter, we delivered a strong performance with revenue growing at 22 per cent YoY. In the mobile segment, we added over 14 million 4G customers and grew revenues by 26 per cent. Our focus on building the most aspirational brand in Indian Telecom to win quality customers is delivering results. Our data consumption grew by 58 per cent YoY which reflects strong engagement of customers on our network. This further underscores our DNA of customer obsession and delivering brilliant experiences through a future ready network and innovative digital platforms. Other lines of business also continued with steady growth momentum, with Airtel business growing 7.5 per cent YoY. We stay committed to improving the profitability of the business. Our continued focus on ARPU improvement and cost optimisation led to EBITDA margin expansion by over 158 bps in the quarter sequentially.”