India business posts quarterly revenues of Rs 36,735 crore – up 28.8% YoY, up 6.0% QoQ, backed by improved realizations in mobile segment, strong momentum in Homes business and Indus Towers consolidation.
FinTech BizNews Service
Mumbai, May 13, 2025: Bharti Airtel Limited (“Bharti Airtel” or “the Company”) today announced its audited consolidated results for the fourth quarter ended March 31, 2025.
Q4’25 Performance:
Consolidated revenues for Q4’25 at Rs 47,876 crore, grew 27.3% YoY, 6.1% QoQ, driven by strong momentum in India and rebound in reported currency revenue in Africa. Consolidated EBITDA for Q4’25 at Rs 27,404 with EBITDA margin of 57.2%.
India revenues for Q4’25 at Rs 36,735 crore, increased by 28.8%YoY, 6.0% QoQ. Mobile revenues grew 20.6% YoY led by tariff repair and our relentless focus to premiumize the portfolio and winning quality customers.
Consolidated EBIT increased by 58.7% YoY to Rs 14,950 crore. Consolidated Net Income before exceptional items for the quarter stands at Rs 5,223 crore.
Net Debt-EBITDA ratio (annualized) stands at 1.86 times (on reported basis) as compared to 1.98 times as on December 31, 2024.
Net Debt (excluding lease obligations)-EBITDAaL ratio is at 1.42 times on reported basis.
We prepaid Rs. 5,985 Crore in Mar’25 towards deferred liabilities to DoT for the spectrum purchased in the year 2024.
For FY25, the Board has recommended a final dividend of Rs. 16 per fully paid-up equity share of face value of Rs. 5 each and Rs.4 per partly paid-up equity share of face value of Rs. 5 each (paid-up Rs1.25 per equity share).
In a statement, Gopal Vittal, Vice- Chairman and MD, said: We ended FY 25 on a strong note with consolidated revenue of 47,876 crore, growing 6.1%. India revenue increased by 6%. Africa continued its underlying performance even as there was steadiness on currency. India Mobile business grew by 1.3% sequentially, despite having 2 less days in the quarter. Growth was driven by premiumization. We added 6.6 million smartphone users and maintained an industry-leading ARPU of Rs. 245.
Our Homes business saw step up in customer net additions resulting in sequential revenue growth of 5.8%. Our IPTV services are now live in over 2000 cities, enhancing large screen viewing experience for customers. Airtel business revenue moderation was in-line with our strategy outlined last quarter to shed our low margin wholesale business while underlying growth continues to remain steady.
Our balance sheet is solid, supported by strong cash generation, disciplined capital spending, and ongoing debt reduction. We prepaid INR 5,985 crore of high-cost spectrum dues in the last quarter with prepayment of over INR 42K crores in last two years.
We have further reinforced our leadership position in the postpaid segment, achieving continued momentum with net additions of 0.6 million in Q4 2025, resulting in a total customer base of 25.9 million.
Our market share in smartphone segment saw continued improvement with addition of 24.0 Mn, increase of 9.5% YoY.
During the quarter, we installed approximately 3.3k additional towers and 13.6k mobile broadband stations to expand our network footprint and enhance customer experience nationwide. Our dedication to providing an excellent network experience is evident in our investments, as we have added approximately 19.9k towers YoY and deployed 44.4k kms of fiber YoY.
Bharti Airtel and Apple entered into a strategic partnership to bring the highly acclaimed Apple TV+ streaming services and Apple Music to Airtel customers. This strategic partnership with Apple will allow Airtel customers to get exclusive access to premium, compelling drama and comedy series, feature films, ground breaking documentaries, and kids and family entertainment.
Homes business saw improved momentum with a revenue growth of 21.3% YoY, driven by strong customer additions. During the quarter, we accelerated our FWA expansion, which supported continued uptick in net additions of 812 K customers to reach to a total base of 10.0 Mn. We expanded our home-pass network at accelerated pace with over 2.0 Mn home passes in the quarter.
Bharti Airtel launched its IPTV services across 2000 cities in India offering customers the best large screen viewing experience. Airtel IPTV service is now available across India, except for Delhi, Rajasthan, Assam and the North eastern states where the launch is expected soon.
Airtel Business revenue declined by 2.7% YoY, impacted by portfolio transformation, as we moved away from low-margin global wholesale commodity voice and messaging services.
Bharti Airtel landed 2 cables- the new SEA-ME-WE-6 (Southeast Asia-Middle East-West Europe-6, or SMW6) in Chennai and 2Africa Pearls cable in the country, connecting India to Africa, and Europe via the Middle East. With this investment, Airtel has further diversified its global network to support India’s digital growth ambitions.
Digital TV posts revenue of Rs 764 Cr with customer base of 15.9 Mn. We continue to gain customer market share with simplified pricing structure, market specific strategy and differentiated converged offerings.
Consolidated EBITDA witnessed an increase of 39.9% YoY to Rs 27,404 crore in Q4’25. EBITDA margin is 57.2% with India EBITDA margin at 60.0% in Q4’25.
