Bharti Airtel Q3 net profit falls 22% at Rs 1,011 crore
The country's largest and the world's fifth-biggest mobile phone carrier by subscribers, Airtel on Wednesday reported a 22% decline in consolidated net profit to Rs 1,011 crore for the October- December quarter due to higher interest outgo and costs related to the roll-out of 3G network.
The company had posted a consolidated net profit of Rs 1,303 crore in the third quarter ended December 31, 2010, Bharti Airtel said in a statement.
Bharti Airtel said the roll-out of its 3G network resulted in a higher amortisation cost of Rs 164 crore for the quarter, while its net interest cost rose to Rs 116 crore during the reporting period, the company said.
The company's total reveunes rose to Rs 18,477 crore in the October-December quarter from Rs 15,772 crore in the year-ago period, registering a growth of 17 per cent.
"I am pleased that investments in branding and networks continue to be our focus in India, as we enhance customer experience for voice quality and cater to the ever increasing demand for data. These investments are resulting in healthy growth of Mobile revenues.," Bharti Airtel Chairman and Managing Director Sunil Bharti Mittal said.
The company's overall customer base stood at 243 million across 19 countries
Monthly average revenue per user (ARPU), a key metric for telecom carriers, from Bharti's Indian operations rose to 187 during the reporting quarter from 183 in the September quarter.
As of December 31, 2011, Bharti Airtel has a net debt of $12.72 billion.
Bharti Airtel is seeing some benefits of last year's increase in call prices in India, Sanjay Kapoor, chief executive officer for India and South Asia, said.
The revneue from African operations rose by 16.1 per cent year-on year to $1.05 billion during the quarter, it said.
The country's largest and the world's fifth-biggest mobile phone carrier by subscribers, Airtel on Wednesday reported a 22% decline in consolidated net profit to Rs 1,011 crore for the October- December quarter due to higher interest outgo and costs related to the roll-out of 3G network.
The company had posted a consolidated net profit of Rs 1,303 crore in the third quarter ended December 31, 2010, Bharti Airtel said in a statement.
Bharti Airtel said the roll-out of its 3G network resulted in a higher amortisation cost of Rs 164 crore for the quarter, while its net interest cost rose to Rs 116 crore during the reporting period, the company said.
The company's total reveunes rose to Rs 18,477 crore in the October-December quarter from Rs 15,772 crore in the year-ago period, registering a growth of 17 per cent.
"I am pleased that investments in branding and networks continue to be our focus in India, as we enhance customer experience for voice quality and cater to the ever increasing demand for data. These investments are resulting in healthy growth of Mobile revenues.," Bharti Airtel Chairman and Managing Director Sunil Bharti Mittal said.
The company's overall customer base stood at 243 million across 19 countries
Monthly average revenue per user (ARPU), a key metric for telecom carriers, from Bharti's Indian operations rose to 187 during the reporting quarter from 183 in the September quarter.
As of December 31, 2011, Bharti Airtel has a net debt of $12.72 billion.
Bharti Airtel is seeing some benefits of last year's increase in call prices in India, Sanjay Kapoor, chief executive officer for India and South Asia, said.
The revneue from African operations rose by 16.1 per cent year-on year to $1.05 billion during the quarter, it said.
