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HomeNewsBusinessEarningsBharti Hexacom Q4 results: Net profit up 10% at Rs 223 crore, declares dividend of Rs 4 a share

Bharti Hexacom Q4 results: Net profit up 10% at Rs 223 crore, declares dividend of Rs 4 a share

Bharti Hexacom Q4: The company’s revenue came in at Rs 1,868 crore against Rs 1,733 crore in the year-ago period

May 14, 2024 / 17:33 IST
This is Bharti Hexacom's first earning announcement after it listed on bourses on April 12.
     
     
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    Bharti Hexacom reported a net profit of Rs 223 crore for the March quarter, up 10.2% year-on-year, led by strong 4G/5G customer additions and ARPU increase.

    Revenues for the fourth quarter were at Rs 1,868 crore, 7.8% year-on-year, while EBITDA was Rs 914 crore, up 14.6% YoY, the company said in a statement. The EBITDA margin improved from 46.0% in Q4’23 to 48.9% in Q4’24 led by operating leverage and cost efficiencies emerging from War on Waste program.

    For FY24, the company’s Board has recommended a final dividend of Rs. 4 per fully paid-up equity share of face value of Rs. 5 each.

    Mobile revenues grew by 6.8% year-on-year on account of improved realisation as well as strong 4G/5G customer additions during the year.

    ARPU for the quarter stood at Rs 204 as compared to Rs 189 in Q4’23 on the back of continued mix improvement and focus on quality acquisitions.

    For the whole fiscal, the company’s revenues stood at Rs 7,089 crore, up 7.7% YoY on a comparable basis. EBITDA was at Rs 3,490 crore and EBITDA margin at 49.2%, up 534 bps year-on-year.

    The company said that its net profit (before exceptional items) at Rs 911 crore while its net profut (after exceptional items) at Rs 504 crore for the fiscal.

    “We continue to garner strong market share of 4G/5G customers and added 2.5 Mn 4G/5G data customers to our network over last year, an increase of 14.5% YoY. We continue to deliver industry-leading ARPU along with growing average data usage per data customer at 24.5 GBs/month,” the company said.

    Bharti Hexacom offers consumer mobile services, fixed-line telephone and broadband services under the brand ‘Airtel’ to customers in the Rajasthan and the North East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura.

    Bharti Hexacom rolled out ~830 towers in the quarter to further strengthen our network coverage and provide seamless connectivity. “We rolled out ~4k towers in last 12 months to expand coverage and connectivity in rural as well as urban areas.”

    The homes and Office business maintained its rapid growth trajectory and delivered a revenue growth of 26.6% year-on-year. The growth, it said, was a result of the company’s strategy to rapidly expand cities under coverage and deepening presence in cities and towns.

    “We added 16,000 customer additions in the quarter to reach a total base of 0.3 million. We continue to accelerate our rollouts through asset-light local cable operator partnership model, we are now live in 93 cities,” the company said.

    Danish Khan
    Danish Khan is the editor of Technology and Telecom. He was previously with the Economic Times and has tracked the sector for 13 years.
    first published: May 14, 2024 04:07 pm

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