BHARTI AIRTEL LTD. - 532454 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release w.r.t. financial results for the second quarter (Q2) and six months ended September 30, 202231-10-2022
31-10-2022
Q2FY23 Quarterly Result Announced for Bharti Airtel Ltd.
Telecom service company Bharti Airtel announced Q2FY23 results: Bharti Airtel posts quarterly revenues of Rs 34,527 crore – up 21.9% YoY, backed by strong and consistent performance delivery across the portfolio and crossing 500 Mn customers globally India business posts quarterly revenues of Rs 24,333 crore – up 22.3% YoY Mobile services India revenues are up 24.8% YoY, led by continued 4G customer addition and an increase in ARPU Airtel Business revenues are up by 16.8% YoY, backed by robust demand for data and connectivity-related solutions as well as emerging adjacencies The homes business continues to accelerate growth momentum, up 38.9% YoY led by strong customer additions Digital TV continues to strengthen its market share Consolidated EBITDA at Rs 17,721 crore; EBITDA margin at 51.3% - improvement of 184 bps YoY. India business posts EBITDA of Rs 12,606 crore, EBITDA margin at 51.8%; up 224 bps YoY Consolidated EBIT at Rs 8,762 crore; EBIT margin at 25.4% - improvement of 506 bps YoY. India business posts EBIT of Rs 5,236 crore; EBIT margin at 21.5% - expansion of 639 bps YoY Consolidated Net income (after Exceptional items) at Rs 2,145 crore; up by 89.1% YoY Industry-leading operational indicators showcasing strong business momentum. 4G data customers up by 17.8 million YoY & 5.0 million QoQ, 64% of the overall mobile customer base Mobile ARPU increased to Rs 190 in Q2FY23 vs Rs 153 in Q2FY22 Mobile data consumption was up by 19.6% YoY, with consumption per customer at 20.3 GB per month Homes business crossed 5 million customer Milestone with 417 K customer net additions in Q2FY23 The digital TV customer base at 15.8 million in Q2FY23, holding steady vs Q1FY23 Airtel Payments Bank continues to grow rapidly through customer engagement – increases monthly transacting users by 60% YoY Airtel 5G Plus goes live with the launch in 8 cities, all of the urban and key rural areas to be covered by March 2024 Airtel pays Rs 8,312 crore for 5G spectrum to DOT for 4 years - settled ahead of schedule to free up cash flow for 5G rollout. In a statement, Gopal Vittal, MD and CEO, of India & South Asia, said: “We have delivered yet another quarter with competitive revenue growth and improved margins. Our consolidated revenue grew sequentially by 5.3% and our EBITDA margin expanded to 51.3%. The consistency of our execution is driven by the strength and resilience of our portfolio. Our B2B and Homes business continued their strong growth momentum while Mobile ARPU expanded to 190 on the back of premiumization and deep customer understanding. We are now rolling out 5G and are confident that Airtel 5G Plus will deliver the best experience in India while being kinder to the environment. I do believe that 5G technology has the potential of bringing tremendous innovation into India. At the same time we remain concerned about the low ROCE that our business delivers due to pricing that is the lowest in the world. Given the large investments required to drive digital adoption in India, we believe there is a need for tariff correction.” Result PDF31-10-2022
BHARTI AIRTEL LTD. - 532454 - Quarterly Report For The Second Quarter (Q2) Ended September 30, 2022
Quarterly report for the second quarter (Q2) ended September 30, 202231-10-2022
BHARTI AIRTEL LTD. - 532454 - Board Meeting Outcome for Outcome Of The Board Meeting Dated October 31, 2022
Outcome of the Board meeting dated October 31, 202231-10-2022
Bharti Airtel Q2 preview: ARPU, subscriber growth a booster, view on tariffs key
Bharti Airtel's operating profit is seen rising 5% on the back of better mix, lower spectrum usage charges and other operational costs. A broad-based growth across segments, strong India performance, and lower costs are likely to drive a 45% QoQ growth in consolidated net profit to Rs 2,327 crore, ET Now poll showed.29-10-2022
BHARTI AIRTEL LTD. - 532454 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we are enclosing herewith the schedule of Earnings Call to be held on November 01, 2022 in respect of the audited financial results of the Company for the quarter and six months ended September 30, 2022. The audio/video recordings and transcript of the call will be uploaded on the website, i.e. https://www.airtel.in/about-bharti/equity/results within the prescribed timelines.28-10-2022
Airtel Africa profit after tax down 17.2% at $180 mn in Sept quarter
Airtel Africa's revenue grew 12.7 percent on a reported basis and 18.5 percent in constant currency, to $1,308 million in Q2 September 202227-10-2022
F&O Strategy: Go long on Bharti Airtel
Since October series is nearing expiry and that time decay is not good for long options, traders could opt for November contracts22-10-2022
BHARTI AIRTEL LTD. - 532454 - Board Meeting Intimation for Notice Of The Board Meeting Dt. October 31, 2022
BHARTI AIRTEL LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/10/2022 ,inter alia, to consider and approve Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, notice is hereby given that the meeting of the Board of Directors of the Company will be held on Monday, October 31, 2022 to consider and take on record the Audited Financial Results (Standalone & Consolidated) for the second quarter (Q2) ended on September 30, 2022. For the above purpose and as per the Company''s Code of Conduct for prohibition of Insider Trading, the Trading Window for dealing in the securities of the Company has been closed from October 01, 2022 (Saturday) to November 02, 2022 (Wednesday) (both days inclusive).17-10-2022
Online drives video industry's growth; YouTube, TikTok to lead content mkt
On the telecom/broadband side, the two big players - Airtel and Jio - offer media services14-10-2022