Tuesday, July 29, 2014

#Airtel posts 61 percent jump in net profit in Q1

#Airtel posts 61 percent jump in net profit in Q1
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.The company had reported a net profit of Rs 689 crore in the corresponding period of last fiscal,
Its 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.
Mobile voice realisation in India improved to 38.08 paise per minute (up 1.49 p Y-o-Y). Mobile data revenues contribute to 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.

 Highlights for the first quarter ended June 30, 2014

~ Overall Customer base stands at 299.9 million across 20 countries, up 9.1% Y-o-Y.
~ Consolidated total revenues at Rs 22,962 crore, up by 13.3% Y-o-Y.
~ India & South Asia (India SA) up 11.8%; Africa up 17.5% (INR terms) Y-o-Y.
~ Consolidated Mobile Data revenue at Rs 2,204 crore, up by 73.9% Y-o-Y; growth across geographies
~ Consolidated EBITDA at Rs 7,720 crore, up by 18.0% Y-o-Y, EBITDA margin up 1.3% Y-o-Y.
~ India SA EBITDA margin at 37.2%, up by 3.0% Y-o-Y.
~ Net Income at Rs 1,108 crore, up by 60.9% Y-o-Y.