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Bharti Airtel Q3 consolidated revenues up by 5.9% YoY at Rs 24,066 crore

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Bharti Airtel Q3 consolidated revenues up by 5.9% YoY at Rs 24,066 crore

Bharti Airtel Limited has announced the Q3 FY16 results. As per the results, consolidated revenues for Q3 FY16 stood at Rs 24,066 crore, up by 5.9% YoY. Consolidated mobile data revenues stood at Rs 4,135 crore, up 44.0% YoY.

India revenues for Q3 FY16 stood at Rs 17,694, up by 11.6% YoY.  Mobile Data revenues at Rs 3,184 crore registered a growth of 50.6% YoY in India, led by increase in the Data customer base by 29.9% and traffic by 73.3%.

 Mobile Data revenues now contribute 23.1% of Mobile India revenues compared to 16.2% in the corresponding quarter last year.

Africa underlying EBITDA margin was up by 1.3% to 22.9% compared to 21.6% 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. Consolidated EBITDA at Rs 8,475 crore grew 8.3% YoY with EBITDA margin expanding by 1.5% to 35.2%, driven by India’s margin expansion of 1.5% YoY.

 The consolidated EBIT stood at Rs 4,097 crore, a YoY growth of 2.8%. While net income for the quarter was Rs 1,117 crore compared to Rs 1,436 crore in the corresponding quarter last year.

Speaking about the latest results, Gopal Vittal, MD and CEO, Bharti Airtel, India & South Asia said, “Our focus on acquiring quality customers has resulted in healthy net additions of 8.1 million in mobile. Our strong roll-out of 3G/4G sites has resulted in acceleration of data usage growth to 73.3% along with data ARPU reaching Rs 200. Airtel’s revenue grew by 11.6% in Q3 on an underlying basis. Our smaller businesses continue to perform strongly and grew by 15.1% on YoY basis in aggregate. We have launched “Project Leap”, a network transformation programme, to deliver a truly differentiated customer experience and reinforce our commitment to build a future ready network”.

 “Airtel Africa revenues grew 4.6% in Q3 on an underlying basis. Data consumption and revenues have grown by 111.6% & 40.8% respectively YoY. Operational efficiencies have resulted in improvement in EBITDA margin for a second consecutive quarter. I am pleased to report that 8.9 million Airtel Money customers are transacting close to $ 5 billion of money every quarter,” commented Christian de Faria, MD and CEO, Bharti Airtel, Africa.

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