Bharti Airtel rose 3.78% to Rs 367.75 at 9:38 IST on BSE after consolidated net profit rose 60.91% to Rs 1108.50 crore on 13.33% increase in total revenues to Rs 22962 crore in Q1 June 2014 over Q1 June 2013.
The result was announced on Tuesday, 29 July 2014, when stock market was closed on account of Ramzan ID.
Meanwhile, the BSE Sensex was down 15.16 points, or 0.06%, to 25,976.07.
On BSE, so far 1.58 lakh shares were traded in the counter, compared with an average volume of 3.39 lakh shares in the past one quarter.
The stock hit a high of Rs 370.35 and a low of Rs 358.50 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 279.25 on 28 August 2013.
The stock had outperformed the market over the past one month till 28 July 2014, rising 6.86% compared with 3.55% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 4.87% as against Sensex's 14.84% rise.
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The large-cap telecom company has an equity capital of Rs 1998.70 crore. Face value per share is Rs 5.
Bharti Airtel said the net profit was boosted by improved operational efficiency and lower forex and derivative losses, the company said in a statement.
Consolidated mobile data revenues grew by 73.9% to Rs 2204 crore in Q1 June 2014 over Q1 June 2013, consistently contributing more than one-third of the incremental revenues, the company said.
India & South Asia (India SA) revenues registered a growth of 11.8% in Q1 June 2014 over Q1 June 2013 across segments, led by 9.9% growth in mobile India, 12.9% in telemedia services, 20.7% in Digital TV, 14.8% in airtel business (B2B) and 11.7% in South Asia.
Mobile voice realisation in India improved to 38.08 paise per minute (up 1.49 paise in Q1 June 2014 over Q1 June 2013). Mobile Data revenue at Rs 1559 crore registered a growth of 68.2% in Q1 June 2014 over Q1 June 2013 in India, uplifted by increase in data customer base and higher usage per customer. Mobile data revenues contribute to 12.4% of mobile India revenues compared with 8.2% in Q1 June 2013.
Africa revenues grew by 17.5% in Q1 June 2014 over Q1 June 2013 in rupee terms and 12.1% in constant currency terms. Data revenues stood at $102 million for the current quarter, contributing 8.8% of overall Africa revenues compared with 5.3% in Q1 June 2013. Data ARPU increased to $1.50 from $1.23 in same quarter last year, enabled by 36.7% increase in data usage per customer. Active Airtel Money customers have risen by 222% in Q1 June 2014 over Q1 June 2013 to 4.3 million, the company said.
Consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) at Rs 7720 crore grew by 18% in Q1 June 2014 over Q1 June 2013, with margin expanding by 1.3% to 33.6%. The resultant consolidated EBIT (earnings before interest and taxes) of Rs 3684 crore represents a in Q1 June 2014 over Q1 June 2013, growth of 36.5%, with EBIT margin improving by 2.7%.
The company's consolidated net debt has reduced to $9609 million resulting in the net debt to EBITDA ratio (LTM) improving to 2.04 times as compared to 2.20 times at the end of the previous quarter.
In a statement, Mr. Gopal Vittal, MD and CEO, India & South Asia, said: "Our revenue momentum in India has been sustained during Q1 with a growth of 11.8%. While the pace across all segments has been satisfying, Mobile data and DTH stood out with growths of 68.2% and 20.7% respectively. The industry awaits more 3G spectrum being made available even as we look forward to the implementation of policies relating to spectrum sharing and trading. These have become essential to deliver sustained broadband growth and high quality service."
In a statement, Mr. Christian de Faria, MD and CEO, Africa, said: "Telecoms are back to growth in Africa, this time spearheaded by internet and mobile money. Airtel has grown by 12.1% in constant currency terms, with exceptional performance in Mobile Data (+85.5%). Airtel Money transaction values have increased by 4.9 times to US$ 2.2 Bn in this quarter. With Niger and Tchad having obtained licences, we will now have 3G presence in all 17 countries. Our investments in licences, networks and marketing are directed towards sustaining double-digit revenue growth."
Bharti Airtel is a leading global telecommunications company with operations in 20 countries across Asia and Africa. 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 299 million customers across its operations at the end of June 2014.
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