Bharti Airtel Q4 results: beats market estimates with 164.5 percent year-on-year jump in consolidated net profit at Rs 2,008 crore.

The company reported consolidated revenue from operations of Rs 31,500 crore for the quarter ended March 31, compared with Rs 25,747 crore in the same period last year, according to a regulatory filing.

Bharti Airtel Ltd (Airtel) on Tuesday i.e. 17^th may 2022, reported a 165 percent growth in consolidated net profit at Rs 2,008 crore in the fourth quarter of FY2021-22 (Q4FY22) that ended 31 March 2022 mainly boosted by recent traffic, as against Rs 759 crore profit logged in the year-ago period. On a sequential basis, the profit has inched up 142 percent from Rs 830 crore earned during the October–December period.

Consolidated revenues for the second largest telecom company by subscriber base in India rose 22 percent on-year to Rs 31,500 crore as compared to a revenue of Rs 25,747 crore registered in the year-ago quarter. On a sequential basis, the revenue is higher 5.5 percent from the revenue of Rs 29,867 crore recorded in the previous quarter.

Further, Airtel’s board has considered and recommended a dividend of Rs 3 per fully paid-up equity share of face value Rs 5 each and Rs 0.75 per partly paid-up equity share of face value Rs 5 each (paid-up Rs. 1.25 per share) for the financial year 2021-22.

Bharti Airtel stock ended Rs 13.85 higher at Rs 707.0 on May 17 at the National Stock Exchange. The stock has gained 31 percent during the past one year but is down 5 percent over the past one month.

The strong growth in the bottomline of the company came from the resilient topline performance as the growth in consolidated net sales was aided by the tariff hikes undertaken by the sector in the past two quarters and which are expected to fully reflect in the March quarter. The bottomline also got a boost from the strong growth in ARPU (average revenue per user) for the company.

Started in 1995 by Sunil Bharti Mittal, Airtel Holdings, also known as Airtel, based in New Delhi is the second largest mobile network operator in India and the second largest mobile network operator in the world.

For the full-year period from April–March 2022, the consolidated PAT has jumped to Rs 4,255 crore from the loss of Rs 15,083 crore achieved during FY21.

Consolidated revenues for FY22 jumped 16 percent to Rs 1,16,547 crore from the revenues of Rs 1,00,616 crore for last year.