Sensex 26360.11 45.82 0.17%
Nifty 7891.1 15.8 0.2%
Bharti Airtel Ltd has posted results for the second quarter ended 30th September, 2012.
Its net profit stood at Rs7.21bn, while its net sales is at Rs202.73bn.
Total Income has increased from Rs. 172764 million for the quarter ended September 30, 2011 to Rs. 202830 million for the quarter ended September 30, 2012.
In a statement, Mr. Sunil Bharti Mittal, Chairman & Managing Director, Bharti Airtel Limited, said: Despite a seasonally weak quarter, I am pleased to see that our overall revenue growth has sustained through diversified segments and geographies as well as the continuing healthy demand in data services. I am also happy to note that in India, the much needed market corrections in customer acquisition practices have been put in place by the operators. Our African operations continue to reflect sustained and steady growth on all major parameters of revenues, profitability and cash flow.
The Consolidated revenues for Q2 at Rs20,273 crore grew by 17.4% over the corresponding period last year, led by strong growth of 77% in India Mobile Data, 26% in airtel business (B2B), 26% in Digital TV and 29% in Africa. Mobile voice revenues in India were depressed due to the seasonal effect.
Africa continued to witness steady Y-o-Y growth, fuelled by 21% increase in customer base, 32% traffic increase and 56% increase in non-voice revenues. The Companys efforts to counter economic headwinds were successful in Q2 in terms of minutes elasticity. Amidst intensified competitive pressures, Airtel has continued to keep its prime focus on leading the market development through network (including 3G) and distribution expansion, and affordable pricing.
India Infoline Research Team / 08:49, Aug 21, 2014
The outlook is a flat open. Global indices are up. The minutes from the Federal Reserve's July meeting indicate that the Fed is in no hurry to raise interest rates. The Dow added 0.35% while S&P was up 0.25%. Nasdaq ended marginally lower. Asian indices are mixed with Nikkei up almost a percent while Hong Kong's Hang Seng index is lower. South Korea's Kospi index and China's Shanghai index are also in the red.