Bharti Airtel Q4 net profit up 89 per cent to Rs 962 cr
Apr 29 2014 , New Delhi
Bharti posted a net profit of Rs 962 crore in January-March as against a Rs 509 crore earning in the same period last year.
"Consolidated mobile data revenues at Rs 1,900 crore grew by 93.4 per cent year-on-year, accounting for more than one-third of the growth," the company said in a statement.
Total revenue for the fourth quarter was up 13.5 per cent to Rs 22,219 crore as compared to Rs 19,582 crore a year ago.
For fully 2013-14 fiscal, the net profit rose 21.8 per cent to Rs 2,773 crore as against Rs 2,276 crore in previous year. Revenue was up 11.5 per cent to Rs 85,746 crore.
Annual consolidated revenues were mainly driven by mobile data (96.3 per cent), DTH (27.5 per cent), Airtel Business (19.1 per cent) and South Asia (41.2 per cent).
"The year has ended on a satisfying note, both in operational and financial terms. Network and spectrum investments, a refreshed IT strategy, innovative service platforms and an energised organisation will enable sustained growth in India and South Asia," Bharti Airtel MD and CEO (India & South Asia) Gopal Vittal said.
Mobile voice realisation in India improved to 37.07 paisa per minute (up 2.08 paisa Y-o-Y).
"Mobile data revenue at Rs 1,325 crore registered a growth of 89.2 per cent Y-o-Y while telemedia, DTH and Airtel Business registered double digit revenue growth," the company said.
The net debt at the end of March 31, 2014 stood at Rs 60,541.6 crore.