Bharti Airtel releases Q4 results

2 May 2012

Telecoms operator Bharti Airtel has released its consolidated IFRS results for the fourth quarter and year ended 31 March 2012.

According to the company report, the revenue growth in the fourth quarter was fuelled by increased customer additions and strong minutes growth in India. Despite a national strike for nine days in Nigeria, Africa continued its growth trend.

Highlights for the fourth quarter ended 31 March 2012

Overall customer base stands at 252 million, across 20 countries.

Total revenues at US$3 723 million, up by 15% Year Over Year.

India and South Asia revenues at US$ 2 652 million, up by 10.5% Year Over Year.

Africa revenues at US$1,071 million, up by 15.9% Year Over Year. In Rupee terms, Africa revenue growth is at 28.8%.

Consolidated EBITDA of US $ 1 239 million, up by 13.7% Year Over Year. EBITDA margin at 33.3%.

Highlights for the year ended 31 March 2012

Total revenues at US$ 14 937 million, up by 20.0% Year Over Year.

India and South Asia revenues at US$ 10 799 million, up by 11.6% Year Over Year.

Africa revenues at US$4 137 million, up by 43.7% Year Over Year. In Rupee terms, Africa revenue growth is 51.5% *

Consolidated EBITDA of US$ 4 957 million, up by 18.1% Year Over Year. Full year EBITDA margin at 33.2%.

In a statement, Sunil Bharti Mittal, chairman and managing director at Bharti Airtel Limited, said, "I am pleased that the year has ended with the company's customer base crossing 250 million across twenty countries, the twentieth country being Rwanda. Our launch of 4G LTE, the first in India, is testimony to our commitment to the broadband agenda. The recent regulatory developments in India will have significant implications on the future of telephony and broadband, as well as India's global competitiveness. The entire industry looks to the government for a fair, transparent and sustainable telecom regime".