Bharti Airtel has announced its audited consolidated financial results for the fourth quarter (Q4) and full year ended March 31, 2024. The company’s total revenue stood at Rs 478.76 billion for (Q4) financial year 2024-25 (FY25) as compared to Rs 375.99 billion during the same period last year, showing a 27.3 per cent year-on-year (YoY) growth. This growth was driven by strong momentum in India and rebound in reported currency revenue in Africa. For the full year (FY25), the total revenue stood at Rs 1.72 trillion, up from Rs 1.49 trillion, marking a 15.3 per cent YoY increase from the previous financial year.
Meanwhile, the company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at Rs 274.04 billion as compared to Rs 195.90 billion, while the EBITDA margins were 57.2 per cent against 52.1 per cent for the reported quarter. For the full year, EBITDA stood at Rs 942.49 billion, a 19.2 per cent YoY increase from Rs 790.46 billion in the previous year. The company’s profit before tax (PBT), for Q4 were Rs 97.24 billion against Rs 52.33 billion in Q4 FY24, showing a 85.8 per cent YoY growth. For FY25, the PBT was recorded at Rs 311.12 billion, a 53.6 per cent YoY increase from Rs 202.51 billion, in the previous year.
Further, telco’s net income before exceptional items for the reported quarter was Rs 52.23 billion against Rs 29.52 billion, registering a 76.9 per cent YoY growth. For the full year, the same was recorded at Rs 175.73 billion as compared to Rs 113.05 billion in FY24, marking a 55.4 per cent increase YoY.
Commenting on the results, Gopal Vittal, vice-chairman and managing director (MD), said, “We ended FY25 on a strong note with consolidated revenue of Rs 478.76 billion, growing 6.1 per cent. India revenue increased by 6 per cent. Africa continued its underlying performance even as there was steadiness on currency. India Mobile business grew by 1.3 per cent sequentially, despite having 2 less days in the quarter. Growth was driven by premiumisation. We added 6.6 million smartphone users and maintained an industry-leading ARPU of Rs 245. Our Homes business saw step up in customer net additions resulting in sequential revenue growth of 5.8 per cent. Our IPTV services are now live in over 2000 cities, enhancing large screen viewing experience for customers. Airtel business revenue moderation was in line with our strategy outlined last quarter to shed our low margin wholesale business while underlying growth continues to remain steady. Our balance sheet is solid, supported by strong cash generation, disciplined capital spending, and ongoing debt reduction. We prepaid Rs 59.85 billion of high-cost spectrum dues in the last quarter with prepayment of over Rs 420 billion in last two years.”
