Table 4 Telecom players in India:...

Table 4

Telecom players in India: Financial results 2018 Vs 2019 (in INR million)

In Rs million	Vodafone-Idea		Bharti Airtel		Reliance Jio		MTNL		BSNL
In Rs million	Mar-18	Mar-19	Mar-18	Mar-19	Mar-18	Mar-19	Mar-18	Mar-19	Mar-18	Mar-19
Net sales	2,78,000	3,67,668	5,36,630	4,96,080			22,718	19,717	2,14,376	1,72,687
Other operating income	88	341	–	–			1,550	630	12,302	9,377
Total operating revenue	2,78,089	3,68,009	5,36,630	4,96,080	2,01,310	4,05,610	24,268	20,347	2,26,678	1,82,064
Total cost of sales	2,21,867	3,29,100	3,57,985	3,85,932	1,26,562	2,33,237	35,295	33,062	2,79,250	2,73,922
Raw material consumed	1,357	1,335	277	141			59	–	–	5,247
Power and fuel	29,766	57,594	45,647	46,847			2,441	2,370	27,107	25,868
Labour cost	14,192	21,221	17,209	14,710			26,405	24,381	1,48,372	1,51,125
Selling and distribution	36,152	39,339	39,292	48,845			504	316	2,076	14,040
Other cost	1,40,399	2,09,611	2,55,560	2,75,389			7,830	7,650	1,01,695	86,885
Expenditure capitalised	–	–	–	–			(1,943)	(1,655)	–	(9,243)
EBITDA	56,222	38,909	1,78,645	1,10,148	74,748	1,72,373	(11,027)	(12,715)	(52,572)	(91,858)
Interest and finance charges	49,729	95,510	58,285	78,364			15,055	17,032	519	7,857
Depreciation	83,161	1,44,098	1,30,486	1,50,876			10,287	9,837	58,316	57,829
OPBT	(76,668)	(2,00,699)	(10,126)	(1,19,092)	17,656	64,343	(36,369)	(39,584)	(1,11,407)	(1,57,544)
Non-operating income	3,130	10,819	9,320	23,772			5,065	4,801	8,863	2,714
Cash/non-cash adjustment	422	591	2,233	14,743			1,817	909	23,205	4,098
Extra-ordinary income/(Expenses)	(196)	12,284	(6,006)	28,525			(243)	(28)	–	–
PBT	(73,311)	(1,77,005)	(4,579)	(52,052)			(29,730)	(33,902)	(79,339)	(1,50,733)
Tax	(25,159)	(36,362)	(5,371)	(33,762)			–	–	590	–
PAT	(48,152)	(1,40,643)	792	(18,290)	7,230	29,640	(29,730)	(33,902)	(79,929)	(1,50,733)

In Rs million	Vodafone-Idea		Bharti Airtel		Reliance Jio		MTNL		BSNL
In Rs million	Mar-18	Mar-19	Mar-18	Mar-19	Mar-18	Mar-19	Mar-18	Mar-19	Mar-18	Mar-19
Net sales	2,78,000	3,67,668	5,36,630	4,96,080			22,718	19,717	2,14,376	1,72,687
Other operating income	88	341	–	–			1,550	630	12,302	9,377
Total operating revenue	2,78,089	3,68,009	5,36,630	4,96,080	2,01,310	4,05,610	24,268	20,347	2,26,678	1,82,064
Total cost of sales	2,21,867	3,29,100	3,57,985	3,85,932	1,26,562	2,33,237	35,295	33,062	2,79,250	2,73,922
Raw material consumed	1,357	1,335	277	141			59	–	–	5,247
Power and fuel	29,766	57,594	45,647	46,847			2,441	2,370	27,107	25,868
Labour cost	14,192	21,221	17,209	14,710			26,405	24,381	1,48,372	1,51,125
Selling and distribution	36,152	39,339	39,292	48,845			504	316	2,076	14,040
Other cost	1,40,399	2,09,611	2,55,560	2,75,389			7,830	7,650	1,01,695	86,885
Expenditure capitalised	–	–	–	–			(1,943)	(1,655)	–	(9,243)
EBITDA	56,222	38,909	1,78,645	1,10,148	74,748	1,72,373	(11,027)	(12,715)	(52,572)	(91,858)
Interest and finance charges	49,729	95,510	58,285	78,364			15,055	17,032	519	7,857
Depreciation	83,161	1,44,098	1,30,486	1,50,876			10,287	9,837	58,316	57,829
OPBT	(76,668)	(2,00,699)	(10,126)	(1,19,092)	17,656	64,343	(36,369)	(39,584)	(1,11,407)	(1,57,544)
Non-operating income	3,130	10,819	9,320	23,772			5,065	4,801	8,863	2,714
Cash/non-cash adjustment	422	591	2,233	14,743			1,817	909	23,205	4,098
Extra-ordinary income/(Expenses)	(196)	12,284	(6,006)	28,525			(243)	(28)	–	–
PBT	(73,311)	(1,77,005)	(4,579)	(52,052)			(29,730)	(33,902)	(79,339)	(1,50,733)
Tax	(25,159)	(36,362)	(5,371)	(33,762)			–	–	590	–
PAT	(48,152)	(1,40,643)	792	(18,290)	7,230	29,640	(29,730)	(33,902)	(79,929)	(1,50,733)

Source(s): Compiled by the authors from company annual reports and “CRISIL Research” Database

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