Annual Report
2015-16

Bharti Airtel Limited
Annual Report 2015-16

Financial
Progress

  Financial Year Ended March 31
Operating Highlights Units 2012 2013 2014 2015 2016
Total Customer Base 000s 251,646 271,227 295,948 324,368 357,428
Mobile Services 000s 241,148 259,844 283,580 310,884 342,040
Broadband & Telephone Services 000s 3,270 3,283 3,356 3,411 3,664
Digital TV Services 000s 7,228 8,100 9,012 10,073 11,725
Based on Consolidated Income Statement
Revenue ` Mn 683,267 769,045 857,461 920,394 965,321
EBITDA (before exceptional items) ` Mn 222,533 233,340 278,430 314,517 341,902
Cash Profit from Operations before Derivative and Exchange Fluctuation (before exceptional items) ` Mn 193,899 195,643 241,813 285,280 289,152
Earnings Before Tax ` Mn 63,792 47,853 78,643 107,130 120,705
Net Profit ` Mn 42,594 22,757 27,727 51,835 54,842
Based on Consolidated Statement of Financial Position
Shareholder's Equity ` Mn 506,113 503,217 597,560 619,564 656,301
Net Debt ` Mn 618,442 583,567 605,416 668,417 838,883
Capital Employed ` Mn 1,124,555 1,086,784 1,202,976 1,287,981 1,495,184
Key Ratios
Capex Productivity % 69.17 69.12 72.91 77.40 70.04
Opex Productivity % 43.84 45.43 45.20 43.79 42.98
EBITDA Margin % 32.57 30.34 32.47 34.17 35.42
EBIT Margin % 13.97 11.08 14.22 17.23 17.24
Return on Shareholder's Equity % 8.57 4.51 5.04 8.52 8.60
Return on Capital Employed % 7.06 5.68 6.65 8.05 8.89
Net Debt to EBITDA Times 2.60 2.51 2.19 2.08 2.47
Interest Coverage Ratio Times 9.11 6.79 7.58 8.43 7.04
Book Value Per Equity Share ` 133.27 132.51 149.49 154.99 164.18
Net Debt to Shareholders’ Equity Times 1.22 1.16 1.01 1.08 1.28
Earnings Per Share (Basic) ` 11.22 6.00 7.02 12.97 13.72
Contribution to Exchequer (India)
Taxes, Duties, Fees and other Levies `Mn 119,082 141,513 213,324 237,688 284,215
All figures are based on Consolidated Financial Statements (IFRS).

Credible Growth

Revenue

` Mn

920,394
965,321

5% Y-o-Y

EBITDA

` Mn

314,517
341,902

9% Y-o-Y

Incremental EBITDA Margin

%

57
61

361 bps Y-o-Y

Cost Efficiency

Opex Productivity 1

%

43.79
42.98

81 bps Y-o-Y

Capex Productivity 2

%

77.40
70.04

736 bps Y-o-Y

Expanding Margins

EBITDA Margin

%

34.17
35.42

125 bps Y-o-Y

PAT Margin

%

5.63
5.68

5 bps Y-o-Y

Market Share Growth

Revenue Market Share (RMS) in India stood at 31.5% for FY 2015-16 versus 30.7% for FY 2014-15
Leading the pack on data revenues with data RMS of >45% in FY 2015-16 among the top three
India and Africa churn is under control
1
  • 81 bps improvement in operational productivity on an year-on-year basis.
  • This is computed by dividing the operating expenses by the total revenues for the respective period. Operating expenses is the sum of (i) employee costs, (ii) network operations costs and (iii) selling, general and administrative costs. This ratio depicts the operational efficiencies in the Company.
2
  • 736 bps decrease in capex productivity on an year-on-year basis.
  • This is computed by dividing revenue for the period by gross cumulative capex (gross fixed assets and capital work-in-progress) till date i.e. the physical investments made in the assets creation of the Company. This ratio depicts the asset productivity of the Company.

© Airtel India 2016, all rights reserved

↑