Bharti Airtel Q4 2024 Results: PAT of Rs 2068.20 cr, Revenue up by 4.47%

Synopsis:

Bharti Airtel Limited announced its quarterly results for the period ending in March 2024 on 14th May after market hours. The company reported a PAT of ₹2068.20 cr for Q4 FY2024. Its total consolidated revenue for Q4 FY2024 increased by 4.47% on a YOY basis reaching ₹37916.00 cr.

Quarter result performance

Bharti Airtel’s revenue for Q4 FY2024 increased by 38.60% on a YOY basis, reaching ₹1061.70 cr from ₹765.99 cr in Q4 FY2023. The quarterly revenue was slashed by 1.10%. Bharti Airtel reported a consolidated PAT of ₹2068.20 cr for Q4 FY2024 from ₹4226.00 cr in Q4 FY2023, which is a decline of 51.06%. On a quarterly basis, the PAT decreased by 28.10%. EBITDA for the quarter was ₹19,590 cr against ₹18,807 cr in Q4 FY2023.

For the full financial year ending in March 2024, the PAT stood at ₹8558.00 cr compared to ₹12287.40 cr in FY 2023. For FY 2024, its consolidated total revenue stood at ₹151417.80 cr compared to ₹140081.40 cr in FY 2023. EBITDA margin for Q4 FY2024 was ₹79,046 for Q4 FY2024. For FY2024, it was ₹71,733 cr.

Bharti Airtel also declared a dividend of ₹8 per fully paid-up equity shares having a face value of ₹5 each. For partly paid-up equity shares having a face value of ₹5, the dividend declared is ₹2.

The company’s mobile revenues increased at a 13% rate on a YoY basis. For the March quarter, the company acquired 331,000, which made the total customer number 7.6 million.

Commenting on the performance Gopal Vittal, MD, Bharti Airtel said, "We ended the year on a strong note with consistent performance across all businesses, both on customer metrics as well as financial paramete₹India revenue (adjusted for Beetel) grew by 1.7% with EBITDA margin expanding to 54.1%, despite one day less in the quarter. Consolidated performance was impacted primarily by the devaluation of the Nigerian Naira. We added 7.8 million smart phone customers and delivered an industry leading ARPU of ₹209. Our relentless focus on improving customer experience has resulted in 20% churn reduction during the quarter. Our simple and clear strategy coupled with razor-sharp focus on execution enabled us to end the quarter with life-time high market share across all businesses. Our efforts on digitizing Airtel are now gathering velocity and is being visibly felt across all parts of our operations. At the same time, our return on capital employed continues to remain low due to the absence of tariff repair in the industry.”

About Bharti Airtel Limited

Bharti Airtel Limited, founded by Sunil Bharti Mittal on July 7, 1995, is a global telecommunications powerhouse with its headquarters in New Delhi, India. The company ranks among the top 3 mobile service providers worldwide in terms of subscribers, with operations spanning 17 countries across Asia and Africa. Bharti Airtel offers a comprehensive suite of telecom solutions including mobile services, Telemedia services, digital TV, and IPTV services under the unified brand Airtel, either directly or through its subsidiary companies.