Bharti Airtel rose 3.27% to Rs 331.95 at 9:58 IST on BSE after consolidated net profit as per International Financial Reporting Standards fell 9.6% to Rs 689 crore on 9.2% growth in revenue to Rs 20264 crore in Q1 June 2013 over Q1 June 2012.
The result was announced before trading hours today, 31 July 2013.
Meanwhile, the S&P BSE Sensex was down 177.62 points, or 0.92%, to 19,170.72.
On BSE, 3.06 lakh shares were traded in the counter as against an average daily volume of 2.43 lakh shares in the past one quarter.
The stock hit a high of Rs 332 and a low of Rs 312.70 so far during the day. The stock had hit a 52-week high of Rs 370.40 on 25 January 2013. The stock had hit a 52-week low of Rs 238.50 on 30 August 2012.
The stock had outperformed the market over the past one month till 30 July 2013, rising 10.31% compared with the Sensex's 0.24% fall. The scrip had also outperformed the market in past one quarter, rising 0.85% as against Sensex's 0.80% fall.
India's largest listed telecom company by sales has an equity capital of Rs 1998.70 crore. Face value per share is Rs 5.
Bharti Airtel reported consolidated revenues at Rs 20264 crore grew by 9.2%, over the corresponding period last year, led by 10.9% growth in Mobile India, 34.0% in Digital TV, 17.9% in 'Airtel Business' (B2B) and 37.1% in South Asia. Mobile Data continued its growth trajectory with revenue up by 91.5% in India and 65.8% in Africa in Q1 June 2013 over Q1 June 2012, the company said in a statement.
The company said that mobile revenues in India grew on the back of average revenue per user (ARPU) moving to Rs 200 in Q1 June 2013, up by Rs 16 over corresponding period last year. The voice rate increase (up from 35.68 paise last year to 36.39 paise) coupled with higher usage per customer (up from 433 minutes last year to 455) has enabled this improvement in ARPU. Reported International revenues, comprising of Africa and South Asia operations, grew by 4.6% in Q1 June 2013 over Q1 June 2012 in rupee terms. Mobile termination rates were revised downward in several key countries in Africa, including Nigeria. Net Revenue in Africa, after netting off inter-connect costs and cost of goods sold, grew by 8.9% in Q1 June 2013 over Q1 June 2012 in rupee terms.
Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) at Rs 6545 crore reported a growth of 19.3% in Q1 June 2013 over Q1 June 2012 with margin expanding to 32.3% from 29.6% in corresponding period last year. India EBITDA margin improved from 31.9% last year to 34.9%, while International margins improved from 24.0% to 25.4%.
Derivative and exchange fluctuation losses during the quarter were Rs 534 crore, mainly caused by the rupee depreciation, compared with gains of Rs 160 crore in the same period last year. Consolidated tax charges at Rs 968 crore increased from Rs 454 crore last year, mainly increasing in Africa.
Consequently, the consolidated net income stood at Rs 689 crore, as against Rs 762 crore in the corresponding quarter last year. Consolidated Operating Free Cash Flows for the quarter were at Rs 4249 crore, a growth of 100.8% in Q1 June 2013 over Q1 June 2012.
Consequent to the additional equity infusion of Rs 6796 crore by Qatar Foundation Endowment and after considering the full debt in the Qualcomm subsidiaries, the consolidated net debt decreased by $908 million during the quarter to close at $9,779 million. The net debt to EBITDA ratio (USD terms) now stands at 2.21 as compared to 2.50 at the end of the previous quarter.
In a statement, Mr. Sunil Bharti Mittal, Chairman, Bharti Airtel, said: "Our results for the quarter reflect the overall stability of our operations, and demonstrate the potential for growth, particularly seeing robust data growth across all geographies. Results for Airtel India reflect rationality returning to the sector which needs to be complemented by a more enabling regulatory environment for a deeper penetration of telecom and broadband services."
Meanwhile, Bharti Airtel said its board has approved the proposal to sell data centre business through a slump sale to its newly incorporated wholly-owned subsidiary Nxtra Data.
Bharti Airtel is a leading global telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 4 mobile service providers globally in terms of subscribers. In India, the company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed DSL broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G, 3G wireless services and mobile commerce. Bharti Airtel had nearly 275 million customers across its operations at the end of June 2013.
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