New Delhi, January 28, 2016: Bharti Airtel Limited, today, announced its audited consolidated International Financial Reporting Standards (IFRS) results for the third quarter ended December 31, 2015.
The consolidated revenues for Q3 2016 at Rs. 24,066 crores grew by 5.9% Y-o-Y (3.7% reported Y-o-Y) on an underlying basis, adjusted for India termination rates reduction and Africa tower asset divestment. Consolidated mobile data revenues crossed Rs. 4,000 crore and at Rs. 4,135 crores are up 44.0% Y-o-Y.
India revenues for Q3’16 at Rs. 17,694 crore grew by 11.6% Y-o-Y (8.8% reported Y-o-Y) on an underlying basis, adjusted for the impact in reduction of termination rates, led by growth of 10.1% in Mobile, 19.1% in Airtel business (B2B) and 19.1% in Digital TV on Y-o-Y basis.
In India, Mobile Data revenues at Rs. 3,184 crores registered a growth of 50.6% Y-o-Y, led by an increase in the Data customer base by 29.9% and traffic by 73.3%. Mobile Data revenues now contribute to 23.1% of Mobile India revenues vis-à-vis 16.2% in the corresponding quarter last year.
Data ARPU has moved up by Rs. 30 (Y-o-Y) to Rs. 200 in Q3 2016, led by 35.5% increase in data usage per customer.
In constant currency terms, Africa revenues adjusted for the impact of the divestment of tower assets grew by 4.6% Y-o-Y (3.1% reported Y-o-Y). Data revenues at $146 million rose by 40.8% Y-o-Y, led by an increase in Data customer base by 37.0% and traffic by 111.6%. Data ARPU increased to $3.3 from $3.2 in the corresponding quarter last year.
Active Airtel Money customer base increased to 8.9 million, boosting the total transaction value on Airtel Money platform by 80.9% to $4.9 billion.
After accounting for exceptional items (net losses of Rs 279 crore), the Consolidated Net Income for the quarter stands at Rs 1,117 crore.
Summary of the Consolidated Statement of Income
The company’s combined net debt excluding the deferred payment liabilities to the DOT and finance lease obligations has decreased to $7,350 million from $7,689 million in the previous quarter.
