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Informist, Tuesday, Aug. 5, 2025

 

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--Bharti Airtel Apr-Jun consol net profit INR 59.48 bln
--Analysts saw Bharti Airtel Apr-Jun consol net profit INR 73.88 bln
--Bharti Airtel Apr-Jun consol PAT INR 59.48 bln vs INR 110.22 bln qtr ago
--Bharti Airtel Apr-Jun consol sales INR 494.63 bln vs INR 478.76 bln qtr ago
--Bharti Airtel Apr-Jun India mobile ARPU INR 250 vs INR 211 year ago
--Bharti Airtel Apr-Jun consol EBITDA INR 281.67 bln vs INR 274.04 bln qtr ago
--Bharti Airtel Apr-Jun consol EBITDA margin 56.9% vs 57.2% qtr ago
--Bharti Airtel Apr-Jun consol EBIT INR 156.21 bln vs INR 149.50 bln qtr ago
--Bharti Airtel Apr-Jun India revenue INR 375.85 bln, up 29% on year
--Bharti Airtel Apr-Jun India EBITDA INR 223.52 bln, up 43.4% on year
--Bharti Airtel Apr-Jun India EBITDA margin 59.5%
--Bharti Airtel Apr-Jun India EBIT INR 118.15 bln, up 80.1% on year
--Bharti Airtel Apr-Jun India EBIT margin 31.4%
--Bharti Airtel Apr-Jun India capex INR 72.73 bln
--Bharti Airtel Apr-Jun consol capex INR 83.07 bln vs INR 144.01 bln qtr ago
--Bharti Airtel consol customer base 605.5 mln as on Jun vs 590.5 mln qtr ago
--Bharti Airtel Apr-Jun consol net debt INR 1.916 tln vs INR 2.038 tln qtr ago
--Bharti Airtel Apr-Jun India mobile data usage/user 26.9 GB/mo, up 13.4% YoY
--Bharti Airtel Q1 passive infra sales INR 80.58 bln vs INR 77.27 bln qtr ago
--Bharti Airtel Q1 passive infra EBITDA INR 44.7 bln vs INR 44.9 bln qtr ago
--Bharti Airtel Q1 Airtel business sales INR 50.6 bln vs INR 53.2 bln qtr ago

--Bharti Airtel Q1 Airtel ops EBITDA INR 21.54 bln vs INR 22.36 bln qtr ago

--Bharti Airtel Q1 India mobile ops INR 273.97 bln vs INR 266.17 bln qtr ago
--Bharti Airtel: Q1 India mobile ops revenue up on ARPU growth
--Bharti Airtel: Q1 India mobile ops revenue up on smartphone user addition

--Bharti Airtel: Airtel ops underlying revenue performance remains steady
--Bharti Airtel: Smartphone data customers up by 3.9 mln on qtr in Q1
--Bharti Airtel: Q1 Africa revenue up 24.9% on year in constant currency
--Bharti Airtel: Q1 Africa ops EBITDA margin 48.1% in constant currency
--Bharti Airtel: Q1 Africa ops EBITDA margin up 292 bps YoY constant currency
--Bharti Airtel: Africa customer base 169 mln as on Jun 30
--Bharti Airtel: Apr-Jun Africa capex INR 10.34 bln

 

By Rajesh Gajra

 

NEW DELHI – Telecom major Bharti Airtel Ltd. missed the Street view on consolidated net profit for the June quarter on the back of weak sequential operating profit growth and a sequential decline in operating margin. The consolidated top-line growth was in line with analysts' expectations, helped by a sequential increase in India mobile average revenue per user and a rise in Africa business revenue.

 

The consolidated net profit of Bharti Airtel declined 46% on quarter but rose 43% on year to INR 59.48 billion in the June quarter. The net profit missed the analysts' estimate of INR 73.88 billion by a wide margin.

 

The consolidated revenue from operations increased 3.3% on quarter and 29% on year to INR 494.63 billion, slightly higher than the Street view of INR 492.13 billion.  The consolidated earnings before interest, tax, depreciation, and amortisation was up 2.8% on quarter at INR 281.67 billion in the June quarter.

 

The consolidated EBITDA margin contracted to 56.9% in the June quarter from 57.2% in the trailing quarter. The profitability was negatively affected mainly on account of consolidated network operating expenses rising 4.8% on quarter to INR 95.46 billion. It was also hit by a 28% sequential jump in other expenses to INR 23.97 billion, the highest sequential increase in 12 quarters. The consolidated earnings before interest and tax rose to INR 156.21 billion in the June quarter from INR 149.50 billion in the trailing quarter.

 

The revenue from India operations for the June quarter rose 29% on year to INR 375.85 billion, the company said in a release. In the trailing quarter, the India revenue was INR 367.35 billion. The India EBITDA increased 43% on year to INR 223.52 billion. In the March quarter, the India EBITDA was INR 220.24 billion. The India EBITDA margin was 59.5% in the June quarter, down from 60% in the trailing quarter and up from 57.5% in the year-ago quarter.

 

The company said the India EBIT in the June quarter was INR 118.15 billion, up 80% on year. In the trailing quarter, the India EBIT was INR 115.61 billion. The India EBIT margin contracted marginally to 31.4% in the June quarter from 31.5% in the trailing quarter.

 

Within India operations, revenue from the India mobile services segment increased to INR 273.97 billion from INR 266.17 billion in the March quarter. India mobile business recorded a sequential growth of 2.9% on the back of portfolio premiumisation and an additional day in the quarter, Bharti Airtel Vice-Chairman and Managing Director Gopal Vittal said in the earnings press release. The company added 3.9 million smart phone data customers in the June quarter and the India mobile data usage per user was up 7.2% on quarter and 13% on year at 26.9 GB per month.

 

At the consolidated level, the company's customer base moved up to 605.5 million as on Jun. 30 from 590.5 million as on Mar. 31. In Airtel Africa operations, which covers the company's entire Africa business, the customer base was 169.4 million as on Jun. 30, up from 166.1 million as on Mar. 31.

 

The revenue in the Africa business increased 6.7% on quarter to $1.41 billion in constant currency terms in the June quarter. This was a major contributor to the top-line growth of Bharti Airtel in the June quarter and made up for 24% of the consolidated revenue. The Africa business recorded an increase of 8.5% on quarter in EBITDA to $676 million in constant currency terms, with the EBITDA margin expanding to 48.1% from 47.3% in the trailing quarter and 45.2% a year ago.

 

Bharti Airtel incurred a capital expenditure of INR 10.34 billion in the Africa business in the June quarter. On a consolidated basis, the company's capital expenditure was INR 83.07 billion in the quarter as compared to INR 144.01 billion in the trailing quarter. In its India operations, the company incurred a capital expenditure of INR 72.73 billion in the June quarter as compared to INR 125.53 billion in the March quarter.

 

Bharti Airtel's consolidated top-line growth in the June quarter was restricted on account of decline in revenue growth in its India business-to-business segment as the company continued to focus on quality revenue and discontinued low-margin business. The revenue from this segment, Airtel Business, for the June quarter fell 4.9% on quarter to INR 50.57 billion. The segment's EBITDA also declined 3.7% on quarter to INR 21.54 billion. The company said the underlying revenue performance was steady.

 

The India passive infrastructure business of the company, conducted through the operations of its subsidiary Indus Towers Ltd., recorded an increase in revenue for the June quarter to INR 80.58 billion from INR 77.27 billion for the trailing quarter. The segment's EBITDA, however, declined marginally to INR 44.7 billion from INR 44.9 billion.

 

The consolidated net debt of Bharti Airtel declined to INR 1.916 trillion as on Jun. 30 from INR 2.038 trillion as on Mar. 31. The company announced its June quarter earnings after market hours Tuesday. Shares of the company closed at INR 1,931.80, up 0.9%, on the National Stock Exchange.  End

 

Edited by Saji George Titus and Rajeev Pai

 

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