Bharti Airtel continues to register strong growth, booking total revenues of INR857.461 billion (USD1.417 billion) for the full year to 31 March 2014, compared to INR769.045 billion a year earlier and INR222.193 billion for the three months to that date (up 13.5% year-on-year). Subscriber and ARPU growth across Airtel’s African and Indian operations, particularly in the data segment, fuelled revenue expansion whilst cuts to CAPEX helped bolster the group’s bottom line. EBITDA expanded by 19% and 21% year-on-year for the full year and quarter respectively, to INR277.770 billion and INR73.066 billion. Airtel trimmed CAPEX for the year by more than INR20 billion to INR105.843 billion, leading to a 21.8% annual increase in net earnings to INR27.727 billion.
In terms of subscribers, Airtel claimed a total of 295.948 million customers at the end of March 2014. Airtel’s domestic unit’s total subscriber base increased by 9% annually to 205.519 million, including 10.982 million 3G subscriptions, which had increased 72% y-o-y. ARPU increased for both voice and data services, reaching INR162 for the former and INR79 for the latter, growing by 2% and 43% respectively compared to the year-ago period. Meanwhile, mobile subscriptions increased by 9% y-o-y to 69.443 million across the group’s 17 African operations. Data users – including both 3G and 2.5G customers – made up 32.1% of Airtel’s African subscribers, compared to 22.8% at end-March 2013.