ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Web Stories
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • IPL 2023
    • Karnataka Elections 2023
    • Viral
    • Education
    • Jobs
Read in App
Business News » Companies News

Airtel Q4FY19 Results: Highlights - Key things to know from telco's performance

On geographical basis, Airtel revenue from mobile services in India, was at Rs 10,632.3 crore up by 2.69%.  

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Airtel Q4FY19 Results: Highlights - Key things to know from telco's performance
Bharti Airtel made a come back by narrowing its net loss on standalone basis. Photo: Reuters

Bharti Airtel made a come back by narrowing its net loss on standalone basis. Meanwhile, in Q4FY19, consolidated PAT jumped by 29.31% to Rs 107.2 crore in Q4FY19 versus Rs 82.9 crore in Q4FY18. Consolidated revenue came in at Rs 20,602.2 crore in Q4FY19, up by 6.22%. On geographical basis, Airtel revenue from mobile services in India, was at Rs 10,632.3 crore up by 2.69%. Meanwhile, mobile business in Africa saw revenue up by 16.48% on yearly basis to Rs 5,511.5 crore.

Here's a key things to note from the result:

In Q4FY19, Airtel Networks Kenya Ltd. (a subsidiary of the Group) has signed an agreement with Telkom Kenya Limited, to merge its operations. Since the agreement is subject to requisite regulatory approvals and customary closing conditions, no accounting has been done during the quarter.

Exceptional items during the quarter comprises of (i) charge of Rs. 1,455 Mn towards operating costs on network re-farming and up-gradation program and (ii) credit of Rs. 21 ,676 Mn pertaining to re-assessment of levies, based on a recent pronouncement related to the manner of determination of such levies. Net tax charge on the above is Rs. 7,225 Mn; included in tax expense. The net impact for non-controlling interests on the above exceptional items is credit of Rs. 41 Mn.

Airtel has launched a rights issue of approximately 1,134 Mn fully paid up equity shares (face value Rs. 5 each) at a price of Rs. 220/- per share aggregating to Rs. 249,390 Mn. The right issue will close on May 17, 2019. The rights entitlement is determined as 19 equity shares for every 67 equity shares held.

Airtel has finalised the transition method for the adoption of Ind AS 115 'Revenue from Contracts with Customers' as the fully retrospective method applied retrospectively and hence, the comparative information have been restated. Accordingly, certain commission charges hitherto included in Sales and marketing expenses in respect of Africa mobile operations have been netted from Revenue for all periods reported. The consequent reclassification of Rs. 2,398 Mn and Rs 10,491 Mn for the quarter and year ended March 31, 2018 respectively has no effect on the reported results, Other equity and Earnings per shares.

Airtel in its financial audit report said, " Based on a petition filed by the Company, the Hon'ble High Court of Bombay, through its order dated January 28, 2013, has directed DoT to respond and not to take any coercive action until the next date of hearing. The company, based on independent legal opinions, till date has not given any effect to the above demand." On January 8, 2013, the Department of Telecommunications ('001') issued a demand on the Company and one of its subsidiaries for Rs. 52,013 Mn towards levy of one time spectrum charge, which was further revised on June 27, 2018 to Rs. 84,140 Mn.

For fiscal year FY19, Airtel's consolidated revenue came in at Rs 80,780.2 crore down by 2.24% from Rs 82,638.8 crore in FY18. While overall PAT declined by a massive 62.73% to Rs 409.5 crore versus Rs 1,099 crore in FY18.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Bharti AirtelBharti Airtel share price
Written By: ZeeBiz WebTeam
Updated: Mon, May 06, 2019
08:20 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
As Apple eyes India, should Tata group make high-end iPhones? As Apple eyes India, should Tata group make high-end iPhones?
India adds 19.6 lakh telecom subscribers in March: Regulator TRAI India adds 19.6 lakh telecom subscribers in March: Regulator TRAI
Should you buy, sell or hold BoB, IOC, Jindal Steel, LIC Housing Finance shares? Should you buy, sell or hold BoB, IOC, Jindal Steel, LIC Housing Finance shares?
Should you buy, sell or hold Bharti Airtel shares after telecom major's Q4 results, dividend announcement? Should you buy, sell or hold Bharti Airtel shares after telecom major's Q4 results, dividend announcement?
Bharti Airtel announces 80% dividend - check key details Bharti Airtel announces 80% dividend - check key details

LATEST NEWS

IRCTC reports over 30% rise in Q4 profit; board announces 100% dividend

Apollo Hospitals Q4 results: Profit jumps 50% to Rs 146 crore; misses estimates

Justice M S Ramachandra Rao sworn in as 28th CJ of Himachal HC

Made in Uttar Pradesh liquor is keeping everyone in high spirits

P-notes investment hits 4-month high of Rs 95,911 crore in April

IPL 2023 Season Records: Most sixes, most 200+ totals, most 50s, most centuries, most 200+ run chases, and other prominent records 

Apollo Hospitals dividend: Board announces 180% payout

Mazagon Dock dividend: Board announces Rs 6.86/share payout

RBI Annual Report 2022-23: Domestic economic activity faces challenges from uninspiring global outlook; real GDP growth for FY24 seen at 6.5%

RBI Annual Report 2022-23: Govt deficit, debt moderated in 2022-23

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV