Bharti Airtel Q1 profit in Mobile Data rises to 61% on growth
The country’s largest mobile operator, Bharti Airtel, on Tuesday 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.
Bharti Airtel’s revenue from India and South Asia operations, which includes Bangladesh and Sri Lanka, grew 11.8 per cent over a year across segments. Revenue from Africa rose 17.5 per cent when calculated in rupees and 12.1 per cent in constant currency terms. Average revenue per user (ARPU) in India rose by three per cent to Rs 202 at the end of June, from Rs 196 in the immediate past quarter.
Bharti Airtel MD and CEO (India and South Asia) Gopal Vittal said -
“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 (Africa) Christian de Faria said -
“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).”