It had posted net profit of Rs.
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“Mobile Data revenue at Rs 2,609 crore registered a growth of 67.3 per cent year-on-year in India, uplifted by increase in the Data customer base by 25.8 per cent and traffic by 83.4 per cent”, the statement said. Its net sales grew by 3 per cent to Rs 23,670.9 crore, compared to Rs 23,015.5 crore in March quarter.
The Indian markets opened on an upbeat note on Wednesday as investors veered around to the view that there could be a rate cut by RBI in September after taking into consideration the behavior of monsoon, inflation data for July, IIP figures for June and first-quarter GDP numbers to be unveiled later this month. 8,556 crores), of which $243 million (roughly Rs.
The company’s consolidated net debt excluding the deferred payment liabilities to the DOT and finance lease obligations is now at $7.64 billion. 23,005.5 crores in the first quarter of 2014-15.
Airtel has a customer base of over 230 million in India with over 100 million rural customers. “Mobile minutes and data traffic have grown 7.4 per cent and 83.4 per cent respectively”, said Gopal Vittal, managing director and CEO, India & South Asia. India revenues grew 10 percent year-over-year, while mobile revenue increased by 12.2 percent. Average revenue per user (ARPU) in Q1-2016 improved to Rs 222 as compared to the Rs 214 in both Q1-2015 and Q4-2015. 148 from Rs. 166 in India. 181 from Rs. 139 on y-o-y basis.
Bharti’s revenue from Africa business declined 0.9 per cent sequentially to Rs 6,160 crore, while its operating profit slipped 1.8 per cent to Rs 1,267 crore. Data revenues contribute to 12.9% of overall Africa revenues vis-à-vis 8.8% in the corresponding quarter past year. 820 crores loss it posted under same head.
Bhavesh Gandhi, telecom analyst at IIFL told NDTV though Bharti Airtel’s topline was better than its estimates, net profit, adjusted for tower sale, was below expectations. 1,927.6 crores during the first quarter of the current fiscal, from Rs.
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Shares climbed as much as 3.5 percent, the biggest intraday jump since July 21, and traded 2.3 percent up at 422.55 rupees as of 9:19 a.m.in Mumbai.
