DSIJ Mindshare

Bharti Airtel’s profit margin improves in Q1FY17

Bharti Airtel (BAL) has announced its Q1FY17 results on Wednesday after market hours. The company’s revenue has increased by 8 per cent to Rs 25547 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA too has risen by 16 per cent to Rs 9591 crore in Q1FY17 on a yearly basis. BAL’s EBITDA margin has expanded by 270 basis points to 37.5 per cent in Q1FY17 as compared to same period in previous financial year.

However, company’s net profit has declined by 31 per cent to Rs 1462 crore in Q1FY17 on a yearly basis. Its net profit margin has contracted by 321 basis points to 5.72 per cent in Q1FY17 as compared to same period in previous financial year. BAL’s total customer base has increased by 7.8 per cent and stands at 35.78 crore in Q1FY17 as compared to same period in previous financial year.

On quarterly comparison, BAL’s revenue has increased by 2.35 per cent to Rs 25547 crore in Q1FY17. The company’s EBITDA has decreased 4.2 per cent to Rs 9591 crore in Q1FY17 as compared to previous quarter. Its net profit has increased by 10.8 per cent to Rs 1462 crore in Q1FY17 on a yearly basis. BAL’s net debt stands at Rs 83492 crore as of Q1FY17.

The share price of BAL has increased by 2.91 per cent on bourses in early trades; and is trading at Rs 374.9 on an intraday basis.

BAL is a provider of range of telecommunication services. The company’s product offerings in India include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high-speed digital subscriber line (DSL) broadband, Internet Protocol Television (IPTV), DTH and enterprise services.

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