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Bharti Airtel reports strong Q4 with revenues up 8.4%
2016-04-28 12:25:00| Telecompaper Headlines
(Telecompaper) Bharti Airtel reported a strong final quarter to its fiscal year, with revenues up 8.4 percent year-on-year to INR 249.6 billion (USD 3.69 billion). Excluding the impact of cuts to termination rates and the sale of its mobile towers in Africa, revenues rose 10.1 percent annually, led by a 43.7 percent rise in mobile data revenue to INR 44.3 billion. EBITDA increased 14.1 percent to INR 91.9 billion, and the EBITDA margin expanded by 1.8 percent to 36.8 percent, driven by improvement in India. EBIT rose a slower 1.1 percent to INR 43.2 billion due to higher spectrum amotisation in India. Lower forex losses helped offset higher interest expenses, leading to a rise in net profit to INR 12.9 billion from INR 12.6 billion a year ago.
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Category:Telecommunications