Bharti Airtel rose 1.52% to Rs 340.25 at 09:18 IST on BSE after the company declared strong Q4 results after market hours on Tuesday, 29 April 2014.
Meanwhile, the BSE Sensex was up 76.45 points, or 0.34%, to 22,542.64
On BSE, so far 44,164 shares were traded in the counter, compared with an average volume of 3 lakh shares in the past one quarter.
The stock hit a high of Rs 342.80 and a low of Rs 339 so far during the day. The stock hit a 52-week high of Rs 373.50 on 1 November 2013. The stock hit a 52-week low of Rs 274.50 on 11 June 2013.
The large-cap company has an equity capital of Rs 1998.70 crore. Face value per share is Rs 5.
Bharti Airtel's consolidated net profit jumped 89.1% to Rs 962 crore on 13.5% growth in total revenue to Rs 22219 crore in Q4 March 2014 over Q4 March 2013. The results are as per International Financial Reporting Standards (IFRS).
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The consolidated revenues for Q4 March 2014 at Rs 22219 crore grew by 13.5% over the corresponding quarter last year. Consolidated mobile data revenues at Rs 1900 crore grew by 93.4% year-on-year (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 Rs 1325 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 earnings before interest, taxes, depreciation and amortization (EBITDA) at Rs 7,307 crore grew by 20.6% Y-o-Y, with margin expanding by 1.9% to 32.9%. The resultant consolidated EBIT of Rs 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 Rs 152 crore, compared to Rs 203 crore in the corresponding period last year. Improved operational efficiency resulted in consolidated net income growing by 89.1% Y-o-Y to Rs 962 crore.
Bharti Airtel's consolidated net profit rose 21.8% to Rs 2773 crore on 11.5% growth in total revenue to Rs 85746 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013). Total customer base rose to 295.9 million as at end 31 March 2014 from 271.2 million as at end 31 March 2013.
Annual consolidated revenues at Rs 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 Rs 27,777 crore reflects an EBITDA margin of 32.4%, an improvement of 2.2% over the previous year. EBIT at Rs 12,127 crore increased by 43.6%, with margin improving by 3.2%. The company's consolidated net debt as on 31 March 2014 was $10,074 million (previous year: $10,729 million) with an improvement in the net debt to EBITDA ratio (LTM) to 2.20 times (previous year: 2.51).
The company's board has proposed a final dividend of Rs 1.80 per share for the financial year ended 31 March 2014.
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."
Bharti Airtel 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.
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