Bharti Airtel Subscriber Base Crosses 300 Million, Reports 13% YoY Drop in Revenue

As it stated earlier, Bharti Airtel, the country’s leading telecom operator today released its earnings call for the quarter that ended on March 31, 2018. In India, Airtel reported a 13.1% Year-on-Year drop in revenue when compared to last year’s revenue for the same period. Airtel reported a revenue of Rs 14,796 crore. During the earnings call, Airtel also confirmed that its subscriber base in India crossed 300 million, while the total subscriber base of the telco reached 413.8 million across 16 countries. Airtel also confirmed that it rolled out over 107,000 mobile broadband base stations in India during the last financial year. The telco made over Rs 24,000 crore investment in India last fiscal, the highest in a single year by the company.

Airtel

“In line with our goal of building market-leading 4G networks, with best in class speeds and capacity; while supporting the Digital India initiative, we have ended the financial year with our highest ever capital expenditure of Rs 240 Bn. We intend to continue the rollout momentum next year as well,” Gopal Vittal, MD and CEO, India & South Asia said in a statement.

Airtel, in the earnings, call also revealed that the Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) has fallen by 22% to Rs 5,237.2 crore. The Earnings Before Interest and Tax (EBIT) also saw a downfall of 61% to Rs 1,013 crore, and lastly, the operating free cash flow showed a massive decline of 84% to Rs 615 crore for the quarter that ended on March 31, 2018. On the whole, Airtel reported a loss of Rs 652.3 crore in its operations in India and South Asia, a first loss in the last 15 years. Even Airtel’s Africa business registered a profit of 698.7 crore.

Trai’s decision to reduce the international roaming charges hurt Airtel very badly. Overall, Airtel’s profit declined to Rs 83 crore in the last quarter of FY18, which is drastically down from the Rs 373.4 crore profit the carrier reported a year earlier. In the quarter that ended on December 31, 2018, Airtel reported a profit of Rs 306 crore.

The data and voice calling rates have fallen drastically during the quarter as a result, Airtel reported a Consolidated revenue of Rs 19,634 crore, down from the Rs 21,935 crore it reported at the end of March 2017.

In India, other businesses have witnessed healthy Y-o-Y growth e.g. 10.7% in Digital TV and 11.2% in Airtel Business on an underlying basis. In terms of mobile data traffic, Airtel customers used six times more data compared to last year. Airtel’s data traffic stood at 1540 billion MBs in the quarter that ended on March 31, up from the 225 billion MBs it reported last year. Airtel also revealed that the mobile broadband subscribers during the period increased to 76.6 million from the earlier 42.7 million a year ago.

Gopal Vittal stated that Airtel continued to consolidate its position as the Number One operator in the Indian market. The telco is planning for a massive FY 2018-19 with network infrastructure upgrade across India and several new schemes are also said to be on the way.

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58 Comments on "Bharti Airtel Subscriber Base Crosses 300 Million, Reports 13% YoY Drop in Revenue"

 

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d5aqoep
April 25, 2018 11:34 am 11:34 AM

Severe degradation of Jio speeds in Mumbai. Every damn place I go in Mumbai, Jio speedtest shows 0.1 Mbps. I am lucky to have 1-2 Mbps. I am seriously starting to believe that Jio network is not able to handle the current data load.

BTW even Airtel and Vodafone are giving similar speeds. Marginally better but not much.

thilak
April 26, 2018 9:53 am 9:53 AM

please come TN circle airtel’s big experience
good speed
always not cross 0.01 mbps
jio far better here,

Altered carbon
April 25, 2018 4:07 pm 4:07 PM

Just came to Bombay Dimond District, Horrible speed, in Bangalore Area Vidyaranyapura 560097 the speed is 16 to 20 mbps, But here its running on kbps not mbps……

Proxima Midnight
April 25, 2018 1:40 pm 1:40 PM

in Delhi, Airtel 4G can be considered as 4G atleast with an average speed during daytime is above 5 mbps always.
not like Jio 0.20 mbps but problem is it switches between 4G-3G frequently.

Faraz
April 25, 2018 10:42 am 10:42 AM

So they got 300 million customers in India and only 13 million in remaining 15 countries.. quite strange.

Imon
April 25, 2018 4:11 pm 4:11 PM

Its 410+ million plus entity bro.

thilak
April 25, 2018 9:18 am 9:18 AM

only customer adding
revenue and profit shrink airtel
voice and data very pathetic in TN circle

AU(Airtel User)
April 26, 2018 12:23 am 12:23 AM

Get yourself a decent handset first !

thilak
April 26, 2018 9:59 am 9:59 AM

hello AU
you dont speak about decency
you are just a paid agent for hand set makers
a cheap attidute person

Kaushik IMA
April 27, 2018 12:23 am 12:23 AM

Lol you use iPhone X? That’s y the bum is burning?

iPhone X is such a controversial product that even apple is doing a rethink on it. It has sunk money into iPhone X plus that will be released later this year and apple is writing off the RnD costs.

The product is likely to be discontinued this year, enjoy its final few months.

Proxima Midnight
April 26, 2018 11:08 am 11:08 AM

thilak, he’s a troll don’t feed.

thilak
April 26, 2018 12:04 pm 12:04 PM

ok proxima

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