Bharti Airtel rings in 60.9% jump in net to Rs 1,108 crore
30 July 2014 9:39 PM GMT
The country's largest mobile operator, Bharti Airtel, on Tuesday 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-a-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 $102 million for the quarter, contributing 8.8 per cent of overall Africa revenues vis-a-vis 5.3 per cent in the same quarter last year.
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-a-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 $102 million for the quarter, contributing 8.8 per cent of overall Africa revenues vis-a-vis 5.3 per cent in the same quarter last year.
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