Bharti Airtel Q3 Results: Adjusted Consolidated PAT Soars 121% YoY, ARPU Reaches Rs 245
Telecom giant Bharti Airtel has reported a significant surge in its financial performance for the third quarter. The company's reported net profit reached Rs 14,781 crore, with adjusted profit after tax (PAT) showcasing an impressive growth of 121% year-on-year (YoY), amounting to Rs 5,514 crore.
Key Financial Highlights
Here's a detailed overview of Bharti Airtel's Q3 results:
- Adjusted PAT Growth: 121% YoY, reaching Rs 5,514 crore (above market estimates of Rs 5,270 crore).
- Operating Revenue Growth: 19% YoY, totaling Rs 45,129 crore, driven by strong performance in India and consistent currency growth in Africa.
- EBITDA Growth: 24% YoY, reaching Rs 24,480 crore, partially influenced by the consolidation of Indus Towers for 43 days.
- ARPU Growth: Increased to Rs 245, compared to Rs 208 in the third quarter of the previous fiscal year.
Business Segment Performance
Bharti Airtel demonstrated strong performance across its various business segments:
- Postpaid Segment: Strengthened its leadership position with 0.6 million net additions, reaching a customer base of 25.3 million.
- Airtel Business: Revenues jumped by 8.7% YoY.
- Homes Business: Maintained growth momentum with 19% YoY revenue growth, adding a record 674,000 net customers.
- Africa Business: Revenue (in constant currency) rose by 21% YoY.
Digital TV revenues, however, experienced a decline of 3% YoY.
Network Expansion and Customer Experience
The company rolled out 5200 towers and 16300 mobile broadband stations during the quarter to expand its network footprint and improve customer experience nationwide.
Management Perspective
Gopal Vittal, Vice-Chairman and MD of Airtel, stated, "Africa maintained a strong constant currency sequential growth trajectory. India mobile delivered strong performance led by residual flow-through of tariff repair and underlying levers of premiumization. We reported another quarter of industry-leading ARPU growth."
Debt Management
The Net Debt-EBITDA ratio (annualized) for Q3 stood at 2.26 times (on a comparable basis), compared to 2.50 times as of September 2024. The company also prepaid Rs 3,626 crore in December 2024 towards deferred liabilities related to spectrum acquired in 2016.
Industry Outlook
Airtel emphasized the need for further tariff repair within the industry to ensure sustained investments and long-term value creation.
On Thursday, Airtel shares closed 2.3% lower at Rs 1,621.9 on the NSE.
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