Bharti Airtel Limited (BHARTIARTL) — Board Meeting | 6 February 2025(2 announcements)

Bharti Airtel reported strong Q3 FY25 results with 13% YoY revenue growth to Rs 46,878 crore and 30% YoY EBITDA growth to Rs 29,057 crore, driven by mobile services expansion and Africa performance. The company prepaid Rs 3,626 crore in spectrum dues, completed a $100m Africa share buyback, and launched India's first managed zero-trust security solution with Zscaler. Net debt fell to Rs 1.33 lakh crore, while operating free cash flow reached Rs 19,896 crore. Segment-wise, mobile revenue grew 21% to Rs 26,269 crore with 58.8% EBITDA margin, and Africa revenue rose 21.3% in constant currency. The board approved continued capex of Rs 91,608 crore for the quarter, reflecting confidence in sustained growth momentum across core businesses.

Bharti Airtel reported a 19.1% YoY revenue increase to Rs 45,129 crore for Q3 FY25 (ended Dec 31, 2024), driven by strong mobile services growth in India (21.4%) and Africa (21.3% constant currency). Net profit before exceptional items surged 121.3% YoY to Rs 5,514 crore, while consolidated net income reached Rs 147,607 crore, up from Rs 25,302 crore YoY, aided by exceptional gains. EBITDA rose 30% YoY to Rs 290,567 crore with a 62% margin, and capex stood at Rs 91,608 crore. The company prepaid Rs 3,626 crore in deferred spectrum liabilities and expanded 5G coverage across 40 districts and 22 UT districts. Africa operations contributed significantly to growth, with 577 million total customers across 15 countries and 31.2% YoY mobile money revenue growth.