How were the quarterly numbers of Bharti Airtel for the Mar-22 quarter?
Answer
Answer
For the March 2022 quarter, Bharti Airtel reported 22.3% higher sales revenues at Rs31,500 crore on a yoy basis. Full year FY22 revenues were up 15.6% at Rs117,081 crore. In Q4FY22, Bharti Airtel displayed strong growth across its India and Africa telecom services as well as its Airtel Business and Home services. Due to sharply better profits and lower inventory lock-ins, the net cash flows from operating businesses were also sharply higher for the year.
Bharti Airtel
Rs in Crore
Mar-22
Mar-21
YOY
Dec-21
QOQ
Total Income (Rs cr)
₹ 31,500.30
₹ 25,747.30
22.34%
₹ 29,566.60
6.54%
Net Profit (Rs cr)
₹ 2,007.80
₹ 759.20
164.46%
₹ 829.60
142.02%
Diluted EPS (Rs)
₹ 3.55
₹ 1.38
₹ 1.48
Net Margins
6.37%
2.95%
2.81%
Net profits for Q4FY22 increased by a whopping 164.46% at Rs2,008 crore and during the quarter, there was a sharp growth in operating EBIT in the India and the Africa telecom businesses of Airtel. However, it must be noted that a largely part of the profit growth also happened due to a Rs906 crore exceptional gain from the sale of telecom assets as well as a one-time settlement with a strategic vendor. Net margins for the March 2022 quarter stood at 6.37% compared to 2.95% in Q4FY21. NPM was higher compared to 2.81% in Q3FY22.