Airtel revenue up 9%, profit dips 10% in Q1 FY 2014

Bharti Airtel revenue increased 9.2 percent to Rs 20,264 crore in the first quarter of FY 2014. The telecom operator’s profit decreased 9.6 percent to Rs 686 crore from Rs 766 crore.

The revenue growth was driven by 10.9 percent increase in mobile business in India, 34 percent growth in digital TV, 17.9 percent in Airtel enterprise business and 37.1 percent rise in South Asia income.

Driven by 2G and 3G, mobile data revenue rose 91.5 percent in India and 65.8 percent in Africa. Airtel promoted its Rs 1 video schemes during the quarter.

Meanwhile, Airtel will transfer or sell its data center biz to wholly-owned subsidiary.

Airtel revenue up 9 percent, profit dips 10 percent in Q1

The company’s revenue growth reflects the strategies of the new team headed by Airtel India CEO Gopal Vittal.

Airtel’s mobile ARPU in India rose by Rs 16 to Rs 200 in Q1 FY 2014.

Airtel on Wednesday said the increase in voice rate from 35.68p last year to 36.39p and increase in usage per customer from 433 minutes last year to 455 contributed to growth in ARPU.

Income from Africa and South Asia rose 4.6 percent.

editor@telecomlead.com

 

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