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Bharti Airtel’s consolidated revenues for Q4 FY21 stood at Rs 257.47 billion, registering a growth of 11.9 per cent year on year (YoY). Meanwhile, the telco reported a net profit of Rs 7.59 billion during quarter ended (QE) March 2021 from a loss of Rs 52.37 billion a year ago.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) witnessed an increase of 28.9 per cent YoY to Rs 125.83 billion in Q4 FY21. This led to an improvement in EBITDA margin from 42.4 per cent in Q4 FY20 to 48.9 per cent in Q4 FY21. EBITDA margins across businesses remained healthy, with mobile services EBITDA improving from 39.2 per cent in Q4 FY20 to 47.5 per cent in Q4 FY21. Consolidated EBIT increased by 75.5 per cent YoY to Rs 50.48 billion. The consolidated net income before exceptional items for the quarter stood at Rs 3.22 billion.  Meanwhile, the consolidated net loss after exceptional items for the quarter stood at Rs 7.59 billion.

The consolidated mobile data traffic at 8,919 PBs in the quarter with a healthy YoY growth of 43.2 per cent.

Airtel’s India revenues during the quarter at Rs 183.38 billion increased by 17.5 per cent YoY on a comparable basis and 9.6 per cent YoY on a reported basis. Mobile revenues grew by 19.1 per cent YoY on comparable basis on account of the improved realisations as well as strong customer addition. Further, average revenue per user (ARPU) continues to grow in Q4 FY21 at Rs 145 from Rs 135 in Q4 FY20 on a comparable basis. The company continues to garner a strong share of the 4G net ads in the market. 4G data customers increased by 31.5 per cent YoY to 179.3 million, an addition of ~ 43.0 million 4G customers over the last four quarters.

Homes business segment witnessed a revenue growth of 5.0 per cent YoY. Company’s focus on re-calibrated offerings and launch of Xstream bundles, with content and unlimited internet, to accelerate penetration has resulted in highest ever net addition of ~ 274,000 to reach to a total base of 3.07 million. The company has also been rapidly expanding its reach to non-wired cities via an innovative LCO partnership model, which is now live in more than 200 cities. Further, Digital TV witnessed a growth of 1.5 per cent YoY on an underlying basis. The company continues to make progress through innovative propositions and differential experience to accelerate the business growth.

Commenting on the results, Gopal Vittal, managing director and chief executive officer (MD and CEO), Bharti Airtel, India and South Asia, said, “Our services are the digital oxygen that the country needs in this challenging time as we experience a vicious second wave of COVID-19. I am grateful to our people who are doing all they can to strengthen our network experience and serve our customers braving massive odds. It is this relentless focus on customer obsession that has allowed us to deliver another consistent quarter in terms of performance. Our mobile revenues grew at 19.1 per cent YoY backed by 13.7 million 4G customer additions. We are seeing strong momentum in our homes business with 274,000 net adds. The Enterprise segment delivered double digit growth. Our digital assets continue to scale and we are beginning to see strong traction in monetisation of these assets.”