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

NEW DELHI: The country's largest mobile operator, Bharti Airtel, reported a jump of 60.9% 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% 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% 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% to Rs 1,559 crore, uplifted by an increase in data customer base and higher usage per customer. Mobile data revenues contribute 12.4% of mobile (India) revenues vis-a-vis 8.2% in the corresponding quarter last 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 growth of 68.2% and 20.7%, 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% of overall Africa revenues vis-a-vis 5.3% 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% in constant currency terms, with exceptional performance in mobile data (85.5%)," Bharti Airtel MD and CEO (Africa) Christian de Faria said.

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