Millennium Post

Airtel dials 3-fold rise in Q2 net to Rs 1,383 crore

The company had reported a net profit of Rs 512 crore in the corresponding period of last fiscal, it said in a statement. The company's total revenue rose 7.1 per cent to Rs 22,845 crore for the reported quarter as compared to Rs 21,324 crore in the corresponding period.

‘Consolidated mobile data revenues at Rs 2,540 crore grew by 66.7 per cent year-on-year, contributing more than two- thirds of the incremental revenues,’ Airtel said in a statement.

Airtel mobile data revenue registered a growth of 73.8 per cent y-o-y at Rs 1,805 crore, uplifted by increase in data customer base and higher usage per customer. Mobile data revenues now contribute to 14.5 per cent of mobile India revenues.

‘We continue to see strong momentum in mobile data which has grown by 74 per cent in this quarter. Airtel's pioneering 4G roll-out in 15 cities is now witnessing stronger customer acceptance,’ Bharti Airtel MD and CEO (India & South Asia) Gopal Vittal said. On the regulatory front, he said the recent TRAI recommendations on making more contiguous spectrum available in the upcoming auctions have the potential of transforming the industry.

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