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Bharti Airtel doubles quarterly net profit, sales up 6%
2015-02-04 13:29:00| Telecompaper Headlines
(Telecompaper) Bharti Airtel reported revenues for its fiscal third quarter to December up 5.8 percent year-on-year to INR 232.2 billion (USD 3.75 billion). EBITDA rose a faster 9.6 percent to INR 77.9 billion, and the margin improved to 33.5 percent from 32.4 a year ago. Net profit more than doubled, to INR 14.4 billion from INR 6.1 billion. Amid a 60 percent increase in capex for rolling out LTE and expanding 3G in India, operating cash flow fell 23.4 percent to INR 32.8 billion. The mobile customer base increased 3.1 percent compared to September, to 299.71 million. Growth was strongest in Africa, up 4.5 percent to 74.60 million customers, while India grew by 2.6 percent to 217.22 million, and the rest of South Asia rose 2.8 percent to 7.89 million. The broadband customer base was little changed at 3.39 million, and TV subscribers increased by 2.8 percent in the three months to 9.81 million.
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Category:Telecommunications