Bharti Airtel has reported an increase in net consolidated profits by 60.9 per cent from Rs 6.89 billion for the quarter ended June 2013 to Rs 11.08 billion for the corresponding quarter in 2014. The growth in profits occurred on the account of a decline in consolidated net finance cost by 13 per cent from Rs 11.67 billion to Rs 9.56 billion during the same period.
The total revenues for the company grew by 13 per cent from Rs 202.63 billion for the quarter ended June 2013 to Rs 229.61 billion in the same quarter in 2014. The improved top line has been a result of the surge in mobile data revenues by 73.9 per cent from Rs 12.67 billion to Rs 22.03 billion during the same time period. Also, the earnings before interest, taxes, depreciation and amortisation (EBITA) have increased by 18 percent from Rs 65.45 billion in quarter ended June 2013 to Rs 77.20 billion in the same period in 2014.
For the India and South Asian operations, Bharti Airtel registered an increase of 11.8 per cent in total revenues, while for Africa the company registered a growth of 17.49 per cent for the quarter ended 2014. Among the business divisions, the revenues of mobile India grew by 9.9 per cent, telemedia services by 12.9 per cent, Digital TV by 20.7 per cent and Airtel Business (B2B) by 14.8 per cent.
The net debt for Bharti Airtel fell from Rs 587.20 billion as of June 2013 to Rs 577.44 billion as of June 2014.
