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Business Standard
19-05-2025
- Business
- Business Standard
Vodafone Idea tanks after SC snub on AGR dues
Vodafone Idea shares nosedived 8.6% to Rs 6.73 after the Supreme Court reportedly dismissed the company's writ petition seeking urgent relief on its long-standing Adjusted Gross Revenue (AGR) dues. The courtroom blow had a ripple effect. Indus Towers shares slid up to 2.8%, underscoring wider worries about the sector's financial strain. In light of the development, stock exchanges have sought clarification from Vodafone Idea, but a response is still pending. According to the media reports, the Supreme Court called the plea "shocking" and "misconceived," asserting that the relief sought was not legally tenable. Vodafone Idea had sought an urgent hearing last Friday, pleading for relief on dues amounting to nearly Rs 30,000 crore, largely comprising penalties and interest on penalties under the AGR framework. The telco warned that without further government support, the sector could face an existential crisis. Curiously, the Indian government holds a 49% stake in Vodafone Idea after converting earlier dues into equity. Despite the turmoil, Vodafone Idea still has a sizable retail backing. As of the March quarter, 59.28 lakh small investors, those holding up to Rs 2 lakh in shares, remain part of its investor base. Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is amongst Indias leading telecom service providers. The company provides pan India Voice and Data services across 2G and 4G technology. The company holds a large spectrum portfolio including mid band 5G spectrum in 17 circles and mmWave spectrum in 16 circles and is in the process of launching 5G in 17 circles. The company reported a consolidated net loss of Rs 6,609.3 crore in Q3 FY25 as against a net loss of Rs 6,985.9 crore in Q3 FY24. Revenue from operations rose by 4.16% year-on-year to Rs 11,117.3 crore in Q3 FY25.
Time of India
14-05-2025
- Business
- Time of India
Bharti Airtel shares jump 2% after Q4 adjusted profit jumps 77% YoY to ₹5,223 crore
Bharti Airtel shares jumped 1.9% to their day's high of ₹1,854.95 on the BSE on Wednesday after the telecom major reported a 77% year-on-year (YoY) jump in adjusted net profit to ₹5,223 crore for the fourth quarter, excluding exceptional items. However, on a reported basis, net profit surged 432% YoY to ₹11,022 crore. Quarterly performance highlights Revenue for the quarter rose 27% YoY to ₹47,876 crore, driven by strong momentum in India, a rebound in reported currency revenue growth in Africa, and the full-quarter impact of Indus Towers consolidation. The Board recommended a final dividend of ₹16 per share for FY2024-25. India revenues increased 29% YoY to ₹36,735 crore, while mobile revenues rose 21% YoY, supported by tariff hikes and portfolio premiumization. Average revenue per user (ARPU) improved to ₹245 from ₹209 in Q4FY24. Consolidated EBITDA rose 40% YoY to ₹27,404 crore. The EBITDA margin stood at 57.2%, with India EBITDA margin at 60% in Q4FY25. The net debt-to-EBITDA ratio (annualized) improved to 1.86x from 1.98x as of December 2024. Operational updates Airtel retained its leadership in the postpaid segment, with net additions of 0.6 million during the quarter, bringing the total to 25.9 million. The company also added 24 million smartphone users, reflecting a 9.5% YoY increase in market share. To enhance network coverage, Airtel added about 3,300 towers and 13,600 mobile broadband stations in Q4. Over the year, the company added approximately 19,900 towers and deployed 44,400 km of fiber. Strategic partnerships and business segments Airtel announced a strategic partnership with Apple to offer Apple TV+ and Apple Music to its customers. 'This partnership will allow Airtel users to access premium drama, comedy, feature films, documentaries, and family entertainment,' the company said. The Homes business showed strong momentum with a 21.3% YoY revenue increase, supported by 812,000 net additions in the quarter, taking the total to 10 million customers. Fixed Wireless Access (FWA) expansion also contributed to growth. Airtel Business revenue declined 3% YoY, impacted by portfolio transformation as the company exited low-margin global wholesale voice and messaging services. The Digital TV segment reported revenue of ₹764 crore with a subscriber base of 15.9 million. Africa operations Airtel Africa continued to perform well operationally. Revenue in constant currency rose 23.2% YoY, while EBITDA margin improved 120 basis points YoY to 47.5%. The Africa customer base stood at 166 million as of March 2025. The company said its balance sheet remains strong, supported by robust cash generation, disciplined capital allocation, and consistent debt reduction. In March 2025, Airtel prepaid ₹5,985 crore to the Department of Telecommunications (DoT) toward deferred spectrum liabilities from 2024. Airtel share price target According to Trendlyne, the average target price for Bharti Airtel stands at ₹1,893, indicating a potential upside of nearly 4% from current levels. Among the 35 analysts covering the stock, the consensus rating remains 'Buy'.
Business Standard
14-05-2025
- Business
- Business Standard
Bharti Airtel gains after Q4 PAT zooms 432% YoY; recommends final dividend of Rs 16/sh
Bharti Airtel advanced 1.98% to Rs 1,857.05 after the telecom major's consolidated net profit soared 432.04% to Rs 11,021.8 crore in Q4 FY25 as against Rs 2,071.6 crore reported in Q4 FY24. Revenue from operations increased 27.33% YoY to Rs 47,876.2 crore in Q4 FY25, driven by strong underlying momentum in India, a rebound in reported currency revenue growth in Africa and full quarter impact of Indus Towers consolidation. Profit before exceptional items and tax was at Rs 9,724 crore in Q4 FY25, registering growth of 85.80% from Rs 5,233.5 crore recorded in Q4 FY24. The company reported an exceptional items of Rs 140.1 crore during the quarter. EBITDA for Q4 FY25 increased by 39.9% to Rs 27,404 crore, compared to Rs 19,590 crore reported in Q4 FY24. The EBITDA margin also improved, rising to 57.2% in Q4 FY25 from 52.1% in Q4 FY24. The company reported a total capital expenditure (capex) of Rs 14,401 crore for Q4 FY25. During the quarter, Earnings Before Interest, Tax, Depreciation, Amortization, and Lease Liabilities (EBITDAaL) stood at Rs 24,384 crore, up 48% year-on-year (YoY), with a margin of 50.9%. The telecom majors consolidated mobile data traffic for the quarter was at 21,598 PBs, registering YoY growth of 22%. During the quarter, the overall customer base stood at approximately 591 million across 15 countries, marking a 5.1% YoY increase. India's revenues for Q4 FY25 stood at Rs 36,735 crore, marking a 28.8% YoY increase. Mobile revenues grew by 20.6% YoY, led by tariff repair and its relentless focus to premiumize the portfolio and winning quality customers. Average revenue per user (ARPU) for the quarter stood at Rs 245, up 17.78% over Rs 209 in Q4 FY24. The telecom operator stated that it maintained its leadership position in the postpaid segment, achieving continued momentum with net additions of 0.6 million in Q4 FY25, resulting in a total postpaid customer base of 25.9 million. Its market share in the smartphone segment continued to improve, with the addition of 24 million usersan increase of 9.5% YoY. Airtel Business revenue declined by 2.7% YoY, impacted by portfolio transformation as the company moved away from low-margin global wholesale commodity voice and messaging services. Airtels Homes business saw improved momentum with revenue growth of 21.3% YoY, driven by strong customer additions. During the quarter, we accelerated our Fixed Wireless Access (FWA) expansion, supporting continued growth with net additions of 812K customers, bringing the total customer base to 10.0 million. The company also expanded its home-pass network at an accelerated pace, adding over 2 million home passes during the quarter. During the quarter, the company installed approximately 3.3K additional towers and 13.6K mobile broadband stations to expand its network footprint and enhance the customer experience nationwide. Its commitment to delivering an excellent network experience is reflected in continued investments, with approximately 19.9K towers added and 44.4K kilometers of fiber deployed (YoY). Digital TV posts revenue of Rs 764 crore with a customer base of 15.9 million. The company continues to gain customer market share with a simplified pricing structure, market-specific strategy, and differentiated converged offerings. Net Debt-EBITDA ratio (annualized) stands at 1.86 times (on reported basis) as compared to 1.98 times as on 31 December 2024. Net Debt (excluding lease obligations)-EBITDAaL ratio is at 1.42 times on reported basis. Meanwhile, Africa revenues for the quarter stood at $1,334 million in constant currency, registering a 21.3% growth compared to $1,099 million in the corresponding quarter last year, driven by growth across all regions, including Nigeria, East Africa, and Francophone. EBITDA margin (in constant currency) was 47.1%, down by 1.1 Bps YoY, while EBIT margin (in constant currency) was 29.4%, a decrease of 2.8 Bps YoY. The customer base reached 163.1 million and capex for the quarter amounted to Rs 1,181 crore. Meanwhile, Africa revenues for the quarter stood at $ 1,380 million in constant currency grew by 23.2% as compared to $ 1,120 million in the corresponding quarter last year as a result of growth across all regions including Nigeria, East Africa and Francophone. The EBITDA margin (in constant currency) was 47.5%, up 120 basis points YoY. The EBIT margin stood at 29.9%, down 94 basis points YoY. The customer base now stands at 166 million. Gopal Vittal, vice chairman and MD, Bharti Airtel, said, We ended FY 25 on a strong note with consolidated revenue of 47,876 crore, growing 6.1%. India's revenue increased by 6%. Africa continued its underlying performance even as there was steadiness on currency. India Mobile business grew by 1.3% sequentially, despite having 2 less days in the quarter. Growth was driven by premiumization. We added 6.6 million smartphone users and maintained an industry-leading ARPU of Rs 245. Our Homes business saw step up in customer net additions, resulting in sequential revenue growth of 5.8%. Our IPTV services are now live in over 2000 cities, enhancing large screen viewing experience for customers. Airtel business revenue moderation was inline with our strategy outlined last quarter to shed our low margin wholesale business while underlying growth continues to remain steady. Our balance sheet is solid, supported by strong cash generation, disciplined capital spending, and ongoing debt reduction. We prepaid Rs 5,985 crore of high-cost spectrum dues in the last quarter with prepayment of over Rs 42K crore in last two years. Meanwhile, the companys board has recommended a final dividend of Rs 16 per equity share for the financial year 2024-25. Bharti Airtel is a global communications solutions provider with over 550 million customers in 15 countries across South Asia and Africa.
Entrepreneur
14-05-2025
- Business
- Entrepreneur
Bharti Airtel Posts INR 47,876 Crore in Q4 Revenue, Net Profit Soars 76.9% YoY
The company reported consolidated EBITDA of INR 27,404 crore, with a healthy margin of 57.2 per cent, and a net income (before exceptional items) of INR 5,223 crore, up 76.9 per cent year-on-year You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Bharti Airtel closed FY25 with a consolidated quarterly revenues of INR 47,876 crore, a 27.3 per cent jump year-on-year and 6.1 per cent growth sequentially. According to the company's regulatory filing, the surge was driven by resilient growth in its India operations, currency stabilization in Africa, and the full-quarter impact of consolidating Indus Towers. The India business, which contributed INR 36,735 crore to the total revenue, grew 28.8 per cent over the same quarter last year and six per cent over the previous quarter. Gains came largely from higher realizations in the mobile segment, rapid growth in the Homes business, and the Indus Towers consolidation. Mobile services in India alone grew 20.6 per cent year-on-year. The company's operational momentum was evident in the mobile segment, where Airtel added 6.6 million smartphone users during the quarter, taking total smartphone customers up by 24 million over the year. This helped raise the average revenue per user (ARPU) to INR 245, compared to INR 209 in the same period last year. Monthly mobile data consumption per user also rose to 25.1 GB, a 21.2 per cent increase year-on-year. Airtel's Homes business, offering both FTTH and FWA services, continued its robust run with 812,000 net additions in Q4 alone, pushing annual net adds to over 2.4 million. "Our Homes business saw a step-up in customer net additions resulting in sequential revenue growth of 5.8 per cent," Gopal Vittal, vice-chairman and managing director, Bharti Airtel said. "Our IPTV services are now live in over 2,000 cities, enhancing large screen viewing experience for customers." Despite a 2.7 per cent dip in Airtel Business revenues due to the strategic exit from low-margin wholesale segments, underlying growth remained steady. Digital TV revenues declined marginally by 0.6 per cent, while passive infrastructure services grew 7.4 per cent year-on-year. The company reported consolidated EBITDA of INR 27,404 crore, with a healthy margin of 57.2 per cent, and a net income (before exceptional items) of INR 5,223 crore, up 76.9 per cent year-on-year. Bharti Airtel also continued its deleveraging push, prepaying INR 5,985 crore in high-cost spectrum dues during the quarter and over INR 42,000 crore in the last two years.
Economic Times
14-05-2025
- Business
- Economic Times
Bharti Airtel shares in focus after Q4 adjusted profit jumps 77% YoY to Rs 5,223 crore
Bharti Airtel shares will be in focus on Wednesday after the telecom major reported a 77% year-on-year (YoY) jump in adjusted net profit to Rs 5,223 crore for the fourth quarter, excluding exceptional items. On a reported basis, net profit surged 432% YoY to Rs 11,022 crore. ADVERTISEMENT Revenue for the quarter rose 27% YoY to Rs 47,876 crore, driven by strong momentum in India, a rebound in reported currency revenue growth in Africa, and the full-quarter impact of Indus Towers consolidation. The Board recommended a final dividend of Rs 16 per share for FY2024-25. India revenues increased 29% YoY to Rs 36,735 crore, while mobile revenues rose 21% YoY, supported by tariff hikes and portfolio premiumization. Average revenue per user (ARPU) improved to Rs 245 from Rs 209 in Q4FY24. Consolidated EBITDA rose 40% YoY to Rs 27,404 crore. The EBITDA margin stood at 57.2%, with India EBITDA margin at 60% in Q4FY25. The net debt-to-EBITDA ratio (annualized) improved to 1.86x from 1.98x as of December retained its leadership in the postpaid segment, with net additions of 0.6 million during the quarter, bringing the total to 25.9 million. The company also added 24 million smartphone users, reflecting a 9.5% YoY increase in market share. ADVERTISEMENT To enhance network coverage, Airtel added about 3,300 towers and 13,600 mobile broadband stations in Q4. Over the year, the company added approximately 19,900 towers and deployed 44,400 km of announced a strategic partnership with Apple to offer Apple TV+ and Apple Music to its customers. 'This partnership will allow Airtel users to access premium drama, comedy, feature films, documentaries, and family entertainment,' the company said. ADVERTISEMENT The Homes business showed strong momentum with a 21.3% YoY revenue increase, supported by 812,000 net additions in the quarter, taking the total to 10 million customers. Fixed Wireless Access (FWA) expansion also contributed to Business revenue declined 3% YoY, impacted by portfolio transformation as the company exited low-margin global wholesale voice and messaging services. The Digital TV segment reported revenue of Rs 764 crore with a subscriber base of 15.9 million. ADVERTISEMENT Airtel Africa continued to perform well operationally. Revenue in constant currency rose 23.2% YoY, while EBITDA margin improved 120 basis points YoY to 47.5%. The Africa customer base stood at 166 million as of March company said its balance sheet remains strong, supported by robust cash generation, disciplined capital allocation, and consistent debt reduction. In March 2025, Airtel prepaid Rs 5,985 crore to the Department of Telecommunications (DoT) toward deferred spectrum liabilities from 2024. ADVERTISEMENT According to Trendlyne, the average target price for Bharti Airtel stands at Rs 1,893, indicating a potential upside of nearly 4% from current levels. Among the 35 analysts covering the stock, the consensus rating remains 'Buy'. Also Read: Stocks in news: HAL, Eicher Motors, Airtel, Tata Motors, Cipla (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
