Thursday, Oct 23, 2014

Bharti Airtel Q1 net profit rises 60.9% to Rs 1,108 crore

Bharti Airtel reported a jump of 60.9 per cent in consolidated net profit to Rs 1,108 crore. Reuters Bharti Airtel reported a jump of 60.9 per cent in consolidated net profit to Rs 1,108 crore. Reuters
Press Trust of India | New Delhi | Posted: July 29, 2014 7:33 pm

 

The country’s largest mobile operator, Bharti Airtel, today reported a jump of 60.9 per cent in consolidated net profit to Rs 1,108 crore for the quarter ended June 2014 on growth in mobile data revenue.

 

The company had reported a net profit of Rs 689 crore in the corresponding period of last fiscal, it said in a statement.

 

The company’s total revenue rose 13.3 per cent to Rs 22,962 crore for the reported quarter as compared to Rs 20,264 crore in the corresponding period.

 

“Consolidated mobile data revenues at Rs 2,204 crore grew 73.9 per cent year-on-year, consistently contributing more than one-third of the incremental revenues,” Airtel said.

 

The company said that for India, mobile data revenue grew 68.2 per cent to Rs 1,559 crore, uplifted by an increase in data customer base and higher usage per customer. Mobile data revenues contribute 12.4 per cent of mobile (India) revenues vis-à-vis 8.2 per cent in the corresponding quarter last year.

 

“Our revenue momentum in India has been sustained during Q1 with a growth of 11.8 per cent. While the pace across all segments has been satisfying, mobile data and DTH stood out with growth of 68.2 per cent and 20.7 per cent, respectively,” Bharti Airtel MD and CEO (India and South Asia) Gopal Vittal said.

 

The data revenue from Africa stood at USD 102 million for the reported quarter, contributing 8.8 per cent of overall Africa revenues vis-à-vis 5.3 per cent in the corresponding quarter.

 

“Telecoms are back to growth in Africa, this time spearheaded by internet and mobile money. Airtel has grown by 12.1 per cent in constant currency terms, with exceptional performance in mobile data (85.5 per cent),” Bharti Airtel MD and CEO (Africa) Christian de Faria said.

 

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