The company’s mobile revenues in the country grew on the back of jump in average revenue per user-ARPU to Rs200 in June quarter
Private sector telecom service provider Bharti Airtel on Wednesday reported a 9.6% fall in net profit to Rs688.9 crore for the first quarter ended 30 June 2013.
The company had reported a net profit of Rs762.2 crore in the corresponding period last financial year.
This is a 14th consecutive fall in quarterly profits of the company.
Total income of the company, however, was up 9.3% at Rs20,299.5 crore for the reporting quarter as against Rs18,570.3 crore in the same period last fiscal.
“Our results for the quarter reflect the overall stability of our operations, and demonstrate the potential for growth, particularly seeing robust data growth across all geographies,” company’s chairman Sunil Bharti Mittal said in a statement.
The company’s mobile revenues in the country grew on the back of jump in ARPU (average revenue per user) to Rs200 in Q1 of 2014, up by Rs16 over corresponding period last year.
“Results for Airtel India reflect rationality returning to the sector which needs to be complemented by a more enabling regulatory environment for a deeper penetration of telecom and broadband services,” Mittal added.
Derivative and exchange fluctuation losses during the quarter stood at Rs534 crore, mainly caused by rupee depreciation, compared to gains of Rs160 crore in the same period last year.
The net debt of the company has been reduced to Rs58,380.6 crore as on 30 June 2013 on account of additional equity infusion of Rs6,796 crore by Qatar Foundation Endowment.
The data costumer base of the company grew 20% to reach 46,584, of which 6,796 are 3G customers. Data users comprise 24.4% of the total customer base of the company, the statement said.
Airtel said data now contributes 7.4% of the mobile revenues.
India EBITDA margin improved from 31.9% last year to 34.9%, while International margins improved from 24% to 25.4%, it added.
The company also said its board has approved the sale or transfer of its data centre undertaking (Business) by way of slump sale to its newly incorporated wholly-owned subsidiary Nxtra Data.
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