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Bharti Airtel reports results for quarter-ended June 2017, profits slide by 75 per cent

July 26, 2017

Bharti Airtel has reported a 75 per cent decline in its profits, which decreased from Rs 14.62 billion during the quarter ended June 2016 to Rs 3.67 billion during the quarter ended June 2017. Further, the company reported a 14 per cent decline in its total revenue (India, Southeast asia and Africa) which decreased from Rs 255.46 billion during the quarter ended June 2016 to Rs 219.58 billion during the quarter ended June 2017.

Further, the operator’s total revenue from India operations declined by 10 per cent, from Rs 191.54 billion to Rs 172.46 billion during the same period. According to the operator, the price disruption in the Indian telecom market caused by the entry of a new telecom firm has caused further stress on sector profitability, cash flows and leverage.

 

The operator’s earnings before interest, taxes and depreciation declined by 21 per cent, from Rs 81.95 billion during the quarter ended June 2016 to Rs 64.70 billion during the quarter ended June 2017.

Meanwhile, the operator’s overall mobile data revenues decreased by 18.8 per cent from Rs 46.39 billion during the quarter ended June 2016 to Rs 37.65 billion during the quarter ended June 2017. However, the total minutes of usage on the operator’s network increased by 26.8 per cent from 371.2 billion to 470.6 billion during the same period.

The operator’s revenues from its Africa operations also declined from Rs 62.49 billion to Rs 48.52 billion.

 
 

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