Airtel Q3 net profit up 25 pchttps://indianexpress.com/article/news-archive/web/airtel-q3-net-profit-up-25-pc/

Airtel Q3 net profit up 25 pc

India’s top mobile operator Bharti Airtel Ltd said quarterly profit jumped 25 per cent as it signed up a record 8.2 million users...

India’s top mobile operator Bharti Airtel Ltd said quarterly profit jumped 25 per cent as it signed up a record 8.2 million users,and remained confident of sustaining growth,sending its shares up 6 per cent.

The net profit stood at Rs 2,159 crore for the quarter ended December 31. “Year-on-year,we have grown 38 per cent in revenue,reaching Rs 9,633 crore in the quarter. Margin has been sustained at 41 per cent which is a positive feature of our results,” Bharti Airtel CEO Manoj Kohli said. For the third quarter,Sunil Mittal-led company’s cash profit was up 30 per cent year-on-year at Rs 3,755 crore. Bharti Airtel has become a cash positive company since the second quarter of this fiscal.

EBITDA (earnings before interest,tax,depreciation and amortisation),a pointer to profitability,were up 33 per cent at Rs 3,945 crore.

However,during the period the average revenue per user fell to Rs 324 from Rs 331 in the previous quarter. Besides,the minutes of usage was also down due to withdrawal of certain tariff schemes from 526 minutes to 505 minutes for the December quarter.