Bharti Airtel Limited has announced its audited consolidated IFRS results for the fourth quarter and full year ended March 31, 2011.
The consolidated total revenues for the fourth quarter ended March 31, 2011 of Rs 162.65 billion grew by 51.3 per cent over last year. Africa continued its upward trend with revenues of $ 924 million ($ 911 million for the third quarter of 2011). India and South Asia sustained double digit revenue growth (12.7 per cent year on year). Consolidated EBITDA margin for the quarter at 33.5 per cent improved from 31.6 per cent in the third quarter of financial year 2011. The net income for the fourth quarter of financial year 2011 was at Rs 14.01 billion, improved by 7.5 per cent from Rs 13.03 billion in the third quarter of financial year 2011.
The consolidated total revenues for the full year ended March 31, 2011 of Rs 594.67 billion grew by 42.1 per cent year on year, lifted by the African operations. India and South Asia revenues grew by 11.0 per cent in an intensely competitive market.
The consolidated EBITDA margin for the year was at 33.6 per cent,declined by 6.5 per cent over the previous year. This is equally attributable to pricing pressure in India and South Asia and the lower margins in African operations acquired during the year. The net income at Rs 60.47 billion, declined by 32.6 per cent from Rs 89.77 billion in the previous year due to increase in net interest outgo (Rs 14.80 billion), forex restatement losses (Rs 6.83 billion), re-branding expenses (Rs 3.40 billion) and increase in spectrum charges in India (Rs 2.65 billion)
