Airtel Digital TV reports improvement in profits in FY2019

Bharti Airtel Ltd. reported a 39.7-percent improvement in the operating results (EBIT) of its digital TV services (Airtel DTH) for the year ended March 31, 2019, as compared to the previous year. Airtel DTH operating revenue increased 9.1 percent in FY 2019 as compared to the previous year. The company reported EBIT of Rs 741 crore for FY 2019, as compared to Rs 530.6 crore for FY 2018 for Airtel DTH. Operating revenue for Airtel DTH in FY 2019 was Rs 4100.1 crore, as compared to Rs 3757 crore in the previous fiscal.

For the quarter ended March 31, 2019 (4Q 2019, quarter under review), Airtel DTH revenue increased 9.6 percent year-on-year (YoY) to Rs 1050.5 crore from Rs 958.5 crore in the corresponding year ago quarter (4Q-2018) and grew 1.7 percent QoQ from Rs 1033 crore for the immediate trailing quarter (3Q-2019). EBIT for 4Q 2019 increased 3.2 percent YoY to Rs 185.3 crore, as compared to Rs 153.8 crore in 4Q 2018, and increased 18.2 percent QoQ from Rs 156.8 crore in 3Q 2019.

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