Q2'21 Performance:

The consolidated revenues for Q2'21 at" />
Q2'21 Performance:

The consolidated revenues for Q2'21 at" />
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Web www.equitybulls.com
Stock Report

| More

Bharti Airtel Limited announces Q2FY21 earnings

Posted On: 2020-10-27 04:11:51

Bharti Airtel Limited ("Bharti Airtel" or "the Company") today announced its audited consolidated Ind AS results for the second quarter ended September 30, 2020.

Q2'21 Performance:

The consolidated revenues for Q2'21 at Rs 25,785 crore grew 22.0% YoY with strong growth across the portfolio - geographies and segments. Consolidated mobile data traffic at 7,403 PBs in the quarter with a healthy YoY growth of 58.8%.

India revenues for Q2'21 at Rs 18,747 crore increased by 22.0% YoY. Mobile revenues grew by 26.0%. This is an outcome of the company's unrelenting focus on winning with quality customers on the back of a solid network, aspirational brand and delivery of a differentiated experience. Resultantly, ARPU for the quarter is at Rs 162 as compared to Rs 128 in Q2'20.

The company continues to garner a strong share of the 4G net ads in the market. 4G data customers1 increased by 48.1% to 152.7 Mn compared to the previous year while traffic increased to 77.3 PB/day vs 48.9 PB/day in the corresponding quarter last year. Engagement parameters continue to be best in industry - average data usage per data sub at 16.0 GBs/month; while voice usage was at 1,005 mins/sub/month. We continue to make progress on improving customer experience. We were awarded the 'Best Network Experience' for Gaming, Video, download speed and voice by Open Signal in their Sep'20 report. We continue to leverage the power of one Airtel to serve the evolving consumer behaviour - bank, secure payments and One Airtel propositions. After slowdown in site deployment due to COVID, we accelerated roll-outs in Q2 and added 5K+ sites to cross the 200,000 site count mark. We continue to remain focused on optimally augmenting our coverage and capacities to offer a differentiated network experience.

Homes business segment witnessed a revenue growth of 7.3% YoY. We added over ~129K customers during the quarter to reach to a total base of 2.58 Mn. We re-calibrated our offering and launched Xstream bundles with content and unlimited internet to accelerate penetration. The company signed on many more LCO partnerships in non-wired cities, extending the model to 48 cities. The company also focused on fast-track network expansion by rolling out Fibre Home Passes and upgrading existing copper network during the quarter.

Airtel Business continues to accelerate its momentum with 7.5% YoY growth, driven by data demand across global business and enterprise & government business. To further leverage growth from "Work from Home", various products were launched. Airtel BlueJeans, Airtel Secure, Airtel Cloud and Airtel IQ were launched to meet the specific needs of our B2B customers. In the Government segment, we are seeing gradual recovery and change in focus towards IT modernization and investments in security & cloud. In addition, there is a big drive on Energy Management Systems, robust connectivity platforms to enable Government connect with citizens and focus on smart cities. We are well positioned to serve this demand. Overall, the company remains fully geared and focused towards becoming a solution provider of repute and go beyond connectivity and drive solutions such as cloud, security, data centres and CPaaS solutions.

Digital TV witnessed a growth of 1.9% YoY on an underlying2 basis, on the back of strong customer additions of 549K during the quarter. We continued to expand our channel portfolio and are also working with educational institutions to broadcast classes to students to ensure education is not disrupted.

Airtel's journey as a digital services provider of strength continues to improve. We now have 160 Mn digitally engaged users. On Wynk - we are now #1 in terms of MAUs (59.3 Mn in Q2'21) with an addition of ~9 Mn during the quarter; Thanks platform has 81.6 Mn MAUs in Q2, with an addition of ~8 Mn and Airtel Xstream is at 33.7 Mn MAUs, addition of ~8 Mn users during the quarter.

There are over 1.1 million retailers transacting and making payments every day on Mitra App. Online recharges continue to contribute ~50% of overall revenues. As part of our strategy to build new revenue streams from best-in-class digital services, the company has forayed into the fast-growing Indian cloud communications market with the launch of Airtel IQ, an omni-channel Cloud based communications platform. Developed by Airtel's digital team, Airtel IQ helps businesses deepen customer engagement by orchestrating seamless and secure communication across voice, SMS, IVR in their applications through a unified platform.

Further in line with our partnership model and to augment our Cloud service offerings, we entered into a partnership with AWS Professional Services to develop differentiated Airtel Cloud products and capabilities leveraging AWS services, Airtel's data center capabilities and Airtel's network and telecoms offerings.

We also launched Airtel Secure, a suite of cyber security solutions for large, medium and small businesses as they shift to digital and cloud platforms, increasing the need to protect data and information from online attacks. We have partnered with firms like Cisco, VMware, Radware and Forcepoint to jointly provide cyber security solutions to both enterprises and government.

Consolidated EBITDA witnessed an increase of 32.6% YoY to Rs 11,848 crore in Q2'21. This led to an improvement in EBITDA margin from 42.3% in Q2'20 to 46.0% in Q2'21. Incremental EBITDA margins across businesses remained healthy, with mobile services EBITDA improving from 36.3% in Q2'20 to 42.6% in Q2'21.

Consolidated EBIT increased by 121.4% YoY to Rs 4,412 crore. The Consolidated Net Loss before exceptional items for the quarter stands at Rs 744 crore. The Consolidated Net Loss after exceptional items for the quarter stands at Rs 763 crore. The Net Debt-EBITDA ratio (annualized) and including the impact of leases as on September 30, 2020 is at 2.91 times as compared to 3.30 times as on September 30, 2019. Excluding pending AGR dues, the Net Debt-EBITDA ratio (annualized) is at 2.41 times as on September 30, 2020.

Gopal Vittal, MD and CEO, India & South Asia, said: "Despite being a seasonally weak quarter, we delivered a strong performance with revenue growing at ~22% YoY. In the mobile segment, we added over ~14 Mn 4G customers and grew revenues by ~26%. Our focus on building the most aspirational brand in Indian Telecom to win quality customers is delivering results. Our data consumption grew by 58% YoY which reflects strong engagement of customers on our network. This further underscores our DNA of customer obsession and delivering brilliant experiences through a future ready network and innovative digital platforms. Other lines of business also continued with steady growth momentum, with Airtel business growing 7.5% YoY.

We stay committed to improving the profitability of the business. Our continued focus on ARPU improvement and cost optimization led to EBITDA margin expansion by over ~ 158 bps in the quarter sequentially".

Shares of BHARTI AIRTEL LTD. was last trading in BSE at Rs.433 as compared to the previous close of Rs. 434.05. The total number of shares traded during the day was 540949 in over 12171 trades.

The stock hit an intraday high of Rs. 438.7 and intraday low of 427.55. The net turnover during the day was Rs. 234245829.

Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com

Other Headlines:

Spandana Sphoorty Financial Limited raises Rs. 100 crore through NCD issue

Agra Etawah Bypass BOT Project receives Completion Certificate

Thomas Cook India launches India's first Virtual Holiday Store

Bank of Baroda files insolvency application against Kesar Terminals & Infrastructure Ltd and subsidiary

Lasa Supergenerics Ltd receives further Injunction from Hon'ble High Court, Bombay restraining its competitor from Manufacturing albendazole

Indinfravit Trust declares distribution of Rs. 2.1598

Kirloskar Electric Company Ltd has laid off balance workmen at Uni5-15

Fire incident at The Ruby Mills Ltd's Dhamni Factory

ICRA updates on ratings of Dixon Technologies (India) Ltd

Gayatri Projects Limited receives Rs. 208 crore arbitral award

Datamatics enters into a buy-back arrangement with Cignex to divest its stake

Shahlon Silk Industries has sold land to reduce debt

Prakash Pipes Limited to issue 35 lakh shares on preferential basis

V2 Retail Ltd opens 2 new retail stores in Bihar and UP

XacBank Mongolia Selects Infosys Finacle to Power its Digital Transformation

Maruti Suzuki Subscribe expands to Mumbai, Chennai, Ahmedabad and Gandhinagar

Newgen Positioned as a Visionary in Gartner Magic Quadrant for Content Services Platforms

Gillanders Arbuthnot and Company Limited enters into MoU for sale of Tengapani Tea Estate

Steel Strips Wheels Ltd receives export orders of nearly 62,000 wheels

EPL Ltd to raise Rs. 50 crore through commercial papers

Infibeam Avenues Collaborates with Bank Muscat, Oman's biggest bank, to offer high-end PG services to merchants in Oman

Wintac Ltd promoters accept discovered price of Rs. 350 for delisting offer

Äbhayam (Abhaya) Project Inaugurated

GMR Kamalanga Energy Ltd ordered to pay Rs. 1005 crore to SEPCO Electric Power Construction Corporation

Jio Platforms Limited receives subscription amount of Rs. 33,737 crore from Google

Central Bank of India Supported to install Police Station at Marine Drive

UN extends contract of Trigyn Technologies Inc for providing IT staffing support service to OICT

Jubilant Industries Limited to sell its portable liquor license to manufacture IMFL

Open Offer to acquire shares of Timex Group India Ltd at Rs. 24.26 per share

Exide Industries Limited raises stake in Exide Leclanche Energy Pvt Ltd to 80.15%

NMDC bags CSR Excellence Awards

Central Bank of India organized Road Show and distributed MASKS

NIIT Earns Two Coveted Learning Technologies 2020 awards jointly with MetLife

Suyog Telematics Limited awarded as Asia's 200 Best under A Billion 2020 by Forbes

Burgan Bank deploys iGTB's Digital Transaction Banking platform with powerful channel capabilities to power its corporate banking expansion strategy

Airtel and Vedantu empower millions of school children with affordable access to quality education on their home TV screens

Biocon Limited to acquire 26% stake in Hinduja Renewables Two Private Limited

Ircon International Ltd bags orders of Rs. 723 crore

Radio City launches the 12th Season of 'Radio City Super Singer'

Recently published data on Favipiravir as treatment for mild to moderate COVID-19 demonstrates significant improvement in time to clinical cure

ICRA reaffirms longterm rating of BEML Limited

Hester Biosciences Nepal launches a Live Thermo-tolerant PPR Vaccine

Sukhjit Starch & Chemicals Ltd's subsidiary to inaugurate Mega Food Park project on Nov 24, 2020

TCS OmniStore™ Named the POS Technology of the Year at the Retail Systems Awards 2020

Strides Pharma Global Pte. Ltd. receives USFDA approval for Prednisone Tablets

Mindtree Partners with the Nordex Group to Drive Forward the Company's Digital Transformation Journey

Vivimed Labs Limited receives product approvals for 3 ophthalmic products, 3 oral liquid suspension products

Max Estate starts construction of commercial realty project Max Square in Noida at Rs 400 crore cost, with New York Life Insurance Company as financial partner

Praj Industries Ltd signs MoU with Petroleum Ministry to facilitate setting up of CGB plants

SREI Infrastructure Finance Ltd plunges on RBI audit

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019