Airtel Q1 net profit rises 60.9 percent to Rs 1,108 crore

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The country’s largest mobile operator, Bharti Airtel, today reported a jump of 60.9 percent 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 percent 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 percent 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 percent to Rs 1,559 crore, uplifted by an increase in data customer base and higher usage per customer. Mobile data revenues contribute 12.4 percent of mobile (India) revenues vis-vis 8.2 percent in the corresponding quarter last year. ”Our revenue momentum in India has been sustained during Q1 with a growth of 11.8 percent. While the pace across all segments has been satisfying, mobile data and DTH stood out with growth of 68.2 percent and 20.7 percent, respectively,” Bharti Airtel MD and CEO (India and South Asia) Gopal Vittal said.

The data revenue from Africa stood at $102 million for the reported quarter, contributing 8.8 percent of overall Africa revenues vis–vis 5.3 percent in the corresponding quarter. ”Telecoms are back to growth in Africa, this time spearheaded by internet and mobile money. Airtel has grown by 12.1 percent in constant currency terms, with exceptional performance in mobile data (85.5 percent),” Bharti Airtel MD and CEO (Africa) Christian de Faria said.