Bharti Airtel posted a mixed set of Q4 results today as the earnings missed street estimates on few parameters. Bharti Airtel’s Q4 revenue came in at Rs 37,599 crore against Rs 36,009 crore in the same period last year, a jump of 4.4% on a YoY basis. EBITDA for the quarter ended March 31st came in at Rs 19,590 crore against Rs 18,807 crore in Q4FY23, higher by 4.2% YoY.
Bharti Airtel’s margins for Q4 stood at 52.1%, slightly lower than 52.2% reported in the same period last year. The company’s ARPU (Average Revenue Per User) stood at Rs 209 against Rs 208 in the previous quarter.
For FY24, Bharti Airtel’s board has recommended a final dividend of Rs 8 per share.
Gopal Vittal, MD, Bharti Airtel, said, “We ended the year on a strong note with consistent performance across all businesses, both on customer metrics as well as financ parameters. India revenue (adjusted for Beetel) grew by 1.7% with EBITDA margin expanding to 54.1%, despite one day less in t quarter. Consolidated performance was impacted primarily by the devaluation of the Nigerian Naira. We added 7.8 million sm phone customers and delivered an industry leading ARPU of Rs. 209. Our relentless focus on improving customer experience h resulted in 20% churn reduction during the quarter. Our simple and clear strategy coupled with razor-sharp focus on executi enabled us to end the quarter with life-time high market share across all businesses. Our efforts on digitizing Airtel are now gatheri velocity and is being visibly felt across all parts of our operations. At the same time, our return on capital employed continues remain low due to the absence of tariff repair in the industry.”
