Bharti Airtel Q4FY18: Consolidated income declines by 78% to Rs 83 crore

Bharti Infratel Q4 net profit rises 2 pc to Rs 606 cr Mobile tower firm Bharti Infratel today posted a 2 per cent rise in consolidated net profit at Rs 606 crore for the fourth quarter ended March 2018

It also informed the bourses that acquisition of Tigo Rwanda was consummated during the quarter. The margin was reported at 36.4 per cent in Q4 of FY17.

Largest telecom service provider Bharti Airtel missed analysts estimates in terms of consolidated net profit during fourth quarter ended March 2018 performance.

Consolidated revenue also did not see any revival, as it stood at Rs 19,634 crore during Q4FY18 de-grew 5.4% Y-o-Y (reported drop of 10.5%) on an underlying basis (viz. adjusted for India domestic & worldwide termination rate reduction and Bangladesh & Africa divested/acquired operating units).

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The company, who announced its fourth quarter and consolidated results for the year on Monday, reported operating free cash flows at Rs 1,016 crore, consolidated EBITDA at Rs 1,606 crore, and EBIT at Rs 1,020 crore, thus recording marginal yearly growth. Airtel said the industry continued to see "below cost, artificially suppressed pricing", compounded by the cut to global termination rates in the past quarter.

The statement said during the quarter mobile data traffic had grown more than six times to 1,540 billion MBs in the quarter as compared to 225 billion MBs in the corresponding quarter a year ago. "Data traffic grew 88 per cent, voice minutes increased by 37 per cent and Airtel Money throughput grew by 45 per cent on a year-on-year basis", said Raghunath Mandava, MD and CEO, Africa operations. The company reported a forex loss of Rs 330.6 crore against a loss of Rs 70 crore QoQ. The telecom tower company shares fell as much as 3.8 per cent to Rs 315.65, their lowest since March 28, 2017. The operating margin in this case was reported at 35.9 per cent against 35.5 per cent in the previous quarter. "Usage parameters remained robust- on a YOY basis, we saw data and voice traffic grow 584% and 55% respectively".

The firm reported consolidated revenues of Rs. 14,490 crore in FY17-18 as against Rs 13,424 crore in the previous year, showing a growth of 8%.

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