HindustanTimes Fri,19 Sep 2014

Mobile data revenue zooms, Airtel Q1 net up 61% to Rs. 1,108 crore

HT Correspondent, Hindustan Times  New Delhi, July 29, 2014
First Published: 18:18 IST(29/7/2014) | Last Updated: 23:59 IST(29/7/2014)

India’s largest telecom operator, Bharti Airtel, on Tuesday reported a 60.9% year-on-year jump in consolidated net profit to `1,108 crore during the April-June quarter on the back of a 97.1% growth in data traffic and higher voice usage per customer.

The numbers, however, fell short of analyst estimates of Rs. 1,217 crore.

Consolidated revenue rose 13.3% to Rs. 22,962 crore during the quarter while mobile data revenue stood at Rs. 2,204 crore, a 73.9% growth year-on-year.

“Our revenue momentum in India has been sustained during Q1 with a growth of 11.8%. While the pace across all segments has been satisfying, mobile data and DTH stood out with 68.2% and 20.7% growth, respectively,” said Gopal Vittal, managing director and CEO, India & South Asia.

The company is bullish about data growth with 3G Internet speeds available in 13 circles in India and 17 countries in Africa, Sri Lanka and Bangladesh.

The company’s African subsidiary also improved its performance with a 17.5% growth in revenue year-on-year. The total value of transactions through Airtel Money grew 4.9 times to $ ,186 million during the current quarter compared to $448 million in the year-ago period.

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