abhishej10
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Bharti Airtel Limited
Q4 revenues at ₹ 22,219 crore, up 13.5% Y-o-Y;
Full Year Consolidated Revenues at ₹ 85,746 crore, up 11.5% Y-o-Y
Bharti Airtel announces consolidated IFRS results for the fourth quarter and the year ended
March 31, 2014
Highlights for the fourth quarter ended March 31, 2014
~ Overall Customer base stands at 295.9 million across 20 countries, up 9.1% Y-o-Y
~ Consolidated total revenues at ₹ 22,219 crore, up by 13.5% Y-o-Y
~ India up 11.6%; International up 17.2% (INR terms) Y-o-Y
~ Mobile Data revenue up by 93.4% Y-o-Y; growth across geographies
~ Consolidated EBITDA at ₹ 7,307 crore, up by 20.6% Y-o-Y, EBITDA margin up 1.9%
~ India EBITDA margin at 36.8%, up by 3.0%
~ Net Income at ₹ 962 crore, up by 89.1% Y-o-Y.
Highlights for the year ended March 31, 2014
~ Consolidated total revenues at ₹ 85,746 Crore, up by 11.5% Y-o-Y
~ Consolidated EBITDA up by 19.4%, EBITDA margin up 2.2% Y-o-Y
~ Net Income at ₹ 2,773 crore, up by 21.8% Y-o-Y
~ Board proposes final dividend of ₹ 1.80 per share (PY: ₹ 1.00 per share)
New Delhi, India, April 29, 2014: Bharti Airtel Limited (“Bharti Airtel” or “the Company”) today announced its
audited consolidated IFRS results for the fourth quarter and the full year ended March 31, 2014.
Q4 Performance:
The consolidated revenues for Q4’14 at ₹ 22,219 crore grew by 13.5% over the corresponding quarter last
year. Consolidated Mobile data revenues at ₹ 1,900 crore grew by 93.4% Y-o-Y, accounting for more than
one-third of the growth. India revenues registered a growth of 11.6% Y-o-Y. Mobile voice realisation in India
improved to 37.07p per minute (up 2.08p Y-o-Y). Mobile Data revenue at ₹ 1,325 crore registered a growth of
89.2% Y-o-Y while Telemedia, DTH and Airtel Business registered double digit revenue growth. International
revenues grew by 17.2% Y-o-Y in INR terms with Africa growing by 16.4% and South Asia by 30.0%.
Consolidated EBITDA at ₹ 7,307 crore grew by 20.6% Y-o-Y, with margin expanding by 1.9% to 32.9%. The
resultant consolidated EBIT of ₹ 3,362 crore represents a Y-o-Y growth of 48.8%, with EBIT margin improving
by 3.6%. Forex and derivative losses for the quarter came in at ₹ 152 crore, compared to ₹ 203 crore in the
corresponding period last year. Improved operational efficiency resulted in consolidated Net Income growing
by 89.1% Y-o-Y to ₹ 962 Crore.
Full Year Performance:
Annual consolidated revenues at ₹ 85,746 crore grew by 11.5% over the previous year, mainly driven by
mobile data (+96.3%), DTH (+27.5%), Airtel Business (+19.1%) and South Asia (+41.2%). Full year
consolidated EBITDA at ₹ 27,777 crore reflects an EBITDA margin of 32.4%, an improvement of 2.2% over
the previous year. EBIT at ₹ 12,127 crore increased by 43.6%, with margin improving by 3.2%. Net Income
for the year increased by 21.8% to ₹ 2,773 crore. The company’s consolidated net debt as on March 31, 2014
was $ 10,074 Mn (PY: $ 10,729 Mn) with an improvement in the Net Debt to EBITDA ratio (LTM) to 2.20
times (PY: 2.51).
The board has proposed a final dividend of ₹ 1.80 per share (face value of ₹ 5 per share) for the financial year
ended March 31, 2014, subject to approval by the shareholders (PY: ₹ 1.00 per share).
Bharti Airtel Limited – Media Release April 29, 2014
Page 2 of 2
In a statement, Mr. Gopal Vittal, MD and CEO, India & South Asia, said:
“The year has ended on a satisfying note, both in operational and financial terms. I would like to place on
record the outstanding quality of work put in by our employees, who have been instrumental in this
achievement. Network and spectrum investments, a refreshed IT strategy, innovative service platforms and
an energised organisation will enable sustained growth in India and South Asia.”
In a statement, Mr. Christian de Faria, MD and CEO, Africa, said:
“The quarter was impacted by the seasonal downturn in parts of Africa and regulatory interventions in Nigeria.
In the last year, we successfully integrated the acquired business in Uganda, and are confident that we will
repeat the success in Congo B. Our teams remain focussed on accelerating growth through improving the
quality of network, growing the data business and expanding Airtel money base.”
Summary of the Consolidated Statement of Income – represents consolidated Statement of Income as per
International Financial Reporting Standards (IFRS)
(Amount in ₹ crore, except ratios)
Mar 2014 Mar 2013 Mar 2014 Mar 2013
Total revenues 22,219 19,582 13.5% 85,746 76,904 11.5%
EBITDA 7,307 6,061 20.6% 27,777 23,258 19.4%
EBITDA/ Total revenues 32.9% 30.9% 32.4% 30.2%
EBIT 3,362 2,260 48.8% 12,127 8,443 43.6%
EBIT/ Total revenues 15.1% 11.5% 14.1% 11.0%
Profit before tax 2,538 1,232 106.1% 7,811 4,785 63.2%
Net Income 962 509 89.1% 2,773 2,276 21.8%
Operating free cash flow 3,979 2,773 43.5% 17,193 10,613 62.0%
Particulars Quarter Ended Y-o-Y
Growth
Year Ended Y-o-Y
Growth
Customer Base
(Figures in nos, except ratios)
Parameters Unit Mar 2014 Dec 2013 Q-o-Q
Growth Mar 2013 Y-o-Y
Growth
Mobile Services 000's 283,580 275,247 3.0% 259,844 9.1%
India 000's 205,519 198,513 3.5% 188,220 9.2%
Africa 000's 69,443 68,307 1.7% 63,718 9.0%
South Asia 000's 8,618 8,426 2.3% 7,906 9.0%
Telemedia Services 000's 3,356 3,355 0.0% 3,283 2.2%
Digital TV Services 000's 9,012 8,807 2.3% 8,100 11.3%
295,948 287,409 3.0% 271,227 9.1%
About Bharti Airtel Limited
Bharti Airtel Limited is a leading global telecommunications company with operations in 20 countries across Asia and Africa.
Headquartered in New Delhi, India, the company ranks amongst the top 4 mobile service providers globally in terms of subscribers. In
India, the company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed DSL
broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the
geographies, it offers 2G, 3G wireless services and mobile commerce. Bharti Airtel had over 295 million customers across its operations
at the end of March 2014. To know more please visit, airtel global presence
Disclaimer:
[This communication does not constitute an offer of securities for sale in the United States. Securities may not be sold in the United
States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering of
securities to be made in the United States will be made by means of a prospectus and will contain detailed information about the
Company and its management, as well as financial statements.]
Q4 revenues at ₹ 22,219 crore, up 13.5% Y-o-Y;
Full Year Consolidated Revenues at ₹ 85,746 crore, up 11.5% Y-o-Y
Bharti Airtel announces consolidated IFRS results for the fourth quarter and the year ended
March 31, 2014
Highlights for the fourth quarter ended March 31, 2014
~ Overall Customer base stands at 295.9 million across 20 countries, up 9.1% Y-o-Y
~ Consolidated total revenues at ₹ 22,219 crore, up by 13.5% Y-o-Y
~ India up 11.6%; International up 17.2% (INR terms) Y-o-Y
~ Mobile Data revenue up by 93.4% Y-o-Y; growth across geographies
~ Consolidated EBITDA at ₹ 7,307 crore, up by 20.6% Y-o-Y, EBITDA margin up 1.9%
~ India EBITDA margin at 36.8%, up by 3.0%
~ Net Income at ₹ 962 crore, up by 89.1% Y-o-Y.
Highlights for the year ended March 31, 2014
~ Consolidated total revenues at ₹ 85,746 Crore, up by 11.5% Y-o-Y
~ Consolidated EBITDA up by 19.4%, EBITDA margin up 2.2% Y-o-Y
~ Net Income at ₹ 2,773 crore, up by 21.8% Y-o-Y
~ Board proposes final dividend of ₹ 1.80 per share (PY: ₹ 1.00 per share)
New Delhi, India, April 29, 2014: Bharti Airtel Limited (“Bharti Airtel” or “the Company”) today announced its
audited consolidated IFRS results for the fourth quarter and the full year ended March 31, 2014.
Q4 Performance:
The consolidated revenues for Q4’14 at ₹ 22,219 crore grew by 13.5% over the corresponding quarter last
year. Consolidated Mobile data revenues at ₹ 1,900 crore grew by 93.4% Y-o-Y, accounting for more than
one-third of the growth. India revenues registered a growth of 11.6% Y-o-Y. Mobile voice realisation in India
improved to 37.07p per minute (up 2.08p Y-o-Y). Mobile Data revenue at ₹ 1,325 crore registered a growth of
89.2% Y-o-Y while Telemedia, DTH and Airtel Business registered double digit revenue growth. International
revenues grew by 17.2% Y-o-Y in INR terms with Africa growing by 16.4% and South Asia by 30.0%.
Consolidated EBITDA at ₹ 7,307 crore grew by 20.6% Y-o-Y, with margin expanding by 1.9% to 32.9%. The
resultant consolidated EBIT of ₹ 3,362 crore represents a Y-o-Y growth of 48.8%, with EBIT margin improving
by 3.6%. Forex and derivative losses for the quarter came in at ₹ 152 crore, compared to ₹ 203 crore in the
corresponding period last year. Improved operational efficiency resulted in consolidated Net Income growing
by 89.1% Y-o-Y to ₹ 962 Crore.
Full Year Performance:
Annual consolidated revenues at ₹ 85,746 crore grew by 11.5% over the previous year, mainly driven by
mobile data (+96.3%), DTH (+27.5%), Airtel Business (+19.1%) and South Asia (+41.2%). Full year
consolidated EBITDA at ₹ 27,777 crore reflects an EBITDA margin of 32.4%, an improvement of 2.2% over
the previous year. EBIT at ₹ 12,127 crore increased by 43.6%, with margin improving by 3.2%. Net Income
for the year increased by 21.8% to ₹ 2,773 crore. The company’s consolidated net debt as on March 31, 2014
was $ 10,074 Mn (PY: $ 10,729 Mn) with an improvement in the Net Debt to EBITDA ratio (LTM) to 2.20
times (PY: 2.51).
The board has proposed a final dividend of ₹ 1.80 per share (face value of ₹ 5 per share) for the financial year
ended March 31, 2014, subject to approval by the shareholders (PY: ₹ 1.00 per share).
Bharti Airtel Limited – Media Release April 29, 2014
Page 2 of 2
In a statement, Mr. Gopal Vittal, MD and CEO, India & South Asia, said:
“The year has ended on a satisfying note, both in operational and financial terms. I would like to place on
record the outstanding quality of work put in by our employees, who have been instrumental in this
achievement. Network and spectrum investments, a refreshed IT strategy, innovative service platforms and
an energised organisation will enable sustained growth in India and South Asia.”
In a statement, Mr. Christian de Faria, MD and CEO, Africa, said:
“The quarter was impacted by the seasonal downturn in parts of Africa and regulatory interventions in Nigeria.
In the last year, we successfully integrated the acquired business in Uganda, and are confident that we will
repeat the success in Congo B. Our teams remain focussed on accelerating growth through improving the
quality of network, growing the data business and expanding Airtel money base.”
Summary of the Consolidated Statement of Income – represents consolidated Statement of Income as per
International Financial Reporting Standards (IFRS)
(Amount in ₹ crore, except ratios)
Mar 2014 Mar 2013 Mar 2014 Mar 2013
Total revenues 22,219 19,582 13.5% 85,746 76,904 11.5%
EBITDA 7,307 6,061 20.6% 27,777 23,258 19.4%
EBITDA/ Total revenues 32.9% 30.9% 32.4% 30.2%
EBIT 3,362 2,260 48.8% 12,127 8,443 43.6%
EBIT/ Total revenues 15.1% 11.5% 14.1% 11.0%
Profit before tax 2,538 1,232 106.1% 7,811 4,785 63.2%
Net Income 962 509 89.1% 2,773 2,276 21.8%
Operating free cash flow 3,979 2,773 43.5% 17,193 10,613 62.0%
Particulars Quarter Ended Y-o-Y
Growth
Year Ended Y-o-Y
Growth
Customer Base
(Figures in nos, except ratios)
Parameters Unit Mar 2014 Dec 2013 Q-o-Q
Growth Mar 2013 Y-o-Y
Growth
Mobile Services 000's 283,580 275,247 3.0% 259,844 9.1%
India 000's 205,519 198,513 3.5% 188,220 9.2%
Africa 000's 69,443 68,307 1.7% 63,718 9.0%
South Asia 000's 8,618 8,426 2.3% 7,906 9.0%
Telemedia Services 000's 3,356 3,355 0.0% 3,283 2.2%
Digital TV Services 000's 9,012 8,807 2.3% 8,100 11.3%
295,948 287,409 3.0% 271,227 9.1%
About Bharti Airtel Limited
Bharti Airtel Limited is a leading global telecommunications company with operations in 20 countries across Asia and Africa.
Headquartered in New Delhi, India, the company ranks amongst the top 4 mobile service providers globally in terms of subscribers. In
India, the company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed DSL
broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the
geographies, it offers 2G, 3G wireless services and mobile commerce. Bharti Airtel had over 295 million customers across its operations
at the end of March 2014. To know more please visit, airtel global presence
Disclaimer:
[This communication does not constitute an offer of securities for sale in the United States. Securities may not be sold in the United
States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering of
securities to be made in the United States will be made by means of a prospectus and will contain detailed information about the
Company and its management, as well as financial statements.]
