Bharti Airtel (BHARTIARTL) Q4 20/21 earnings summary

Executive summary

• Q4 FY21 consolidated revenue was Rs 257,473 million versus Rs 230,187 million in Q4 FY20; FY21 revenue was Rs 1,006,158 million versus Rs 846,765 million.

• Consolidated profit for Q4 was Rs 15,110 million versus a loss of Rs 49,770 million in Q4 FY20; FY21 loss was Rs 123,640 million versus Rs 306,642 million in FY20.

• Standalone FY21 revenue was Rs 643,259 million and net loss was Rs 251,976 million, compared with Rs 543,171 million revenue and Rs 360,882 million loss in FY20.

Financial highlights

• Consolidated Q4 revenue was Rs 257,473 million, down from Rs 265,178 million QoQ; Q4 profit was Rs 15,110 million versus Rs 13,501 million in Q3.

• Standalone Q4 revenue was Rs 163,295 million versus Rs 149,914 million in Q4 FY20; Q4 net profit was Rs 4,563 million versus a loss of Rs 68,829 million.

• Consolidated operating cash flow was Rs 482,050 million in FY21 versus Rs 181,287 million in FY20; standalone operating cash flow was Rs 343,923 million versus Rs 40,264 million.

• Q4 consolidated net exceptional gain was Rs 4,404 million; including related tax benefit, the after-tax gain was Rs 5,801 million.

Segment performance

• Mobile Services India FY21 revenue was Rs 555,677 million versus Rs 459,663 million; segment result was Rs 33,046 million versus a loss of Rs 31,379 million.

• Mobile Services Africa FY21 revenue was Rs 288,633 million versus Rs 242,173 million; segment result was Rs 82,459 million versus Rs 64,488 million.

• Airtel Business FY21 revenue was Rs 144,075 million versus Rs 132,331 million; segment result was Rs 39,825 million versus Rs 31,889 million.

• Mobile Services South Asia FY21 revenue was Rs 4,246 million versus Rs 4,552 million; segment loss was Rs 1,321 million versus Rs 1,055 million.