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Bharti Airtel quarterly revenues up 3% on mobile data growth
2015-08-05 11:39:00| Telecompaper Headlines
(Telecompaper) Bharti Airtel reported revenues for its fiscal first quarter to June of INR 236.7 billion, up 3.1 percent from a year earlier. Growth was led by mobile data services, up 56.9 percent to INR 34.6 billion as data traffic grew 86.5 percent over the same period. EBITDA increased 6.4 percent to INR 82.6 billion, and the margin rose 1.1 percent points to 34.9 percent, driven by improved profitability in India. EBIT was up 14.2 percent to INR 42.2 billion, and net profit rose 40.2 percent to INR 15.5 billion, as higher interest costs and forex losses were offset by a gain of INR 4.6 billion on towers disposals. Capital expenditure was stable year-on-year at INR 39.9 billion, while operating cash flow rose 13 percent to INR 42.7 billion.
Tags: data
mobile
growth
quarterly
Category:Telecommunications