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Bharti Airtel Limited Q3 Revenues Up By 17.1%
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Thursday, February 09, 2012:
Bharti Airtel Limited (“Bharti Airtel” or “the Company”) today announced its audited consolidated IFRS results for the third quarter and nine months ended December 31, 2011.
The consolidated total revenues for the third quarter ended Dec 31, 2011 of `18,477 crore grew by 17.1% over the last year. India & South Asia continued its double digit revenue growth (Y-o-Y 12.1%) aided by improvement in realisation rates. Africa revenues recorded a healthy Y-o-Y growth of 16.1%; the growth was a strong 32.2% in Rupee terms,aided by exchange rate movements.
Consolidated EBITDA margins for the quarter increased to 32.2% (Q3 FY11: 31.7%), with significant margin improvement being reported in Africa(Q3 FY 12: 26.7%, Q3 FY 11: 19.1%).
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The income before taxes for Q3 FY12 increased by 2.0% to Rs.1,581 crore (Q3 FY11:Rs. 1,549 crore) after accounting for the impact of 3G license fee amortisation (Rs. 164 crore) and interest costs (higher by Rs. 116 crore). However, higher tax provisions have impacted the net income, which was lower at Rs. 1,011 crore (Q3 FY11: Rs.1,303 crore). The consolidated year-to-date effective tax rate works out to 32.5%.
The Consolidated Operating Free Cash Flow in the nine months at Rs. 6,279 crore was lifted by a strong performance in India; Africa reported positive operating cash flow for the first time in Q3.The Net Debt –Equity ratio is 1.38 (Q2 FY12: 1.33) and Net Debt - EBITDA ratio was held at 2.56 (Q2 FY12:2.59).
In a statement, Mr. Sunil Bharti Mittal, Chairman & Managing Director, Bharti Airtel Limited,“I am pleased that investments in branding and networks continue to be our focus in India, as we enhance customer experience for voice quality and cater to the ever increasing demand for data. These investments are resulting in healthy growth of Mobile revenues.In Africa, we have crossed the 50 millioncustomer milestone and are now one of the fastest growing telecom companies in the continent”.
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Daily App Review: Klik For iPhone |
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