Q1 2025 Bharti Airtel Ltd Earnings Call Transcript
Key Points
- Bharti Airtel Ltd (BOM:532454) reported a consolidated revenue of over INR38,500 crores, with India delivering a steady growth of 1.9% sequentially.
- The company achieved an EBITDA margin of 53.7% and a strong operating free cash flow of about INR8,800 crores.
- Bharti Airtel Ltd (BOM:532454) prepaid over INR24,250 crores of high-cost spectrum dues in the last year, improving the India net debt to EBITDA ratio to 2.75 from 3.19 a year ago.
- The company expanded its 5G coverage, ending the quarter with a 5G customer base of 90 million, and continued to gain market share.
- Bharti Airtel Ltd (BOM:532454) is focusing on digital capabilities, with Airtel Finance scaling up well and the payments bank growing its annualized revenue run rate by 52% year-on-year.
- The global business segment of Bharti Airtel Ltd (BOM:532454) remained muted, with a need for green shoots in the order book to translate into revenue.
- EBITDA margins were impacted due to seasonality, which is expected to unwind in the ensuing quarter.
- The company acknowledged the need for a minimum ARPU of INR300 for long-term sustainable investments, indicating current ARPU levels may not be sufficient.
- The enterprise business showed significant softening, with a slowdown in growth compared to the previous year.
- Competitive intensity in the enterprise segment remains a challenge, particularly in government tenders and public sector units.
Good afternoon, ladies and gentlemen. I'm Vaidehi Sharma, the moderator for this webinar. Welcome to the Bharti Airtel Limited and Bharti Hexacom Limitedâs first quarter ended June 30, 2024, earnings webinar. Present with us today is the senior leadership team of Bharti Airtel and Bharti Hexacom Limited.
I must remind you that the overview and discussions today may include certain forward-looking statements that must be viewed in conjunction with the risks that we face. (Operator Instructions) With this I would now like to hand over to Mr. Gopal Vittal for his opening remarks.
Good afternoon and welcome to the earnings call of quarter one. With me on the call I have Soumen, Harjeet, Naval and Akhil Garg. This quarterâs earnings call focus will be both on our performance as well as a quick update on the development of our strategy.
A quick background on ESG and an update on ESG. We continue to get recognized for our ESG efforts. We received an A
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