Bharti Airtel, country’s largest mobile operator, today reported nearly three-fold jump in consolidated net profit to Rs 1,383 crore for the second quarter ended September 30, 2014 on the back of higher mobile data revenue. The company had reported a net profit of Rs 512 crore in the corresponding period of last fiscal, it said in a statement. Also Read - Airtel 5G service rollout: Airtel and Tata Group partner for Made in India 5G network
The company’s total revenue rose 7.1 percent 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. Also Read - Jio maintains lead in 4G download speed, Vi in upload in May: TRAI
Airtel said for India, mobile data revenue registered a growth of 73.8 percent year-over-year 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 percent of mobile India revenues. Also Read - Airtel launches new Rs 456 prepaid plan: Check data, validity, call and other benefits
“We continue to see strong momentum in mobile data which has grown by 74 percent 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. Africa revenues grew by 6.4 percent in local currency terms, but the USD appreciation depressed the reported growth to 1.9 percent year-over-year, Airtel said.
Data revenues for Africa stood at USD 115 million with growth of 56.8 percent and data revenues now contribute to 10.1 percent of overall Africa revenues.
“Our robust 3G networks have supported the doubling of data volumes Y-o-Y, and we have been gearing up for much more growth. Airtel money transaction values have also crossed USD 1 billion a month,” Bharti Airtel MD and CEO (Africa) Christian de Faria said.
The net debt of the company increased to Rs 62,215.8 crore due to an addition of Rs 6,445 crore of deferred payment liabilities for the 2G spectrum.