HOME > BUSINESS > Bharti Airtel Q1 revenue up 10%, profit down 12%

Bharti Airtel Q1 revenue up 10%, profit down 12%

Tower provider Bharti Infratel reported a 10% growth in its revenue and profit for the first quarter.

The Consolidated revenues for the quarter, at Rs. 3,524 Crore, was up by 10% over the corresponding period last year.

Consolidated profit from operations improved to Rs 1,575 Crore, up 12% compared to last year. Operating margin was 44.7%.

Consolidated profit before tax at Rs. 1,095 Crore up 10% Y-o-Y, but net profit was down 12%.

The Operating Free Cash Flow grew by 4% Y-o-Y to Rs. 992 Crore for the quarter.

The final dividend of Rs 4 per equity share for the year ended March 2017 has been approved by the shareholders in the annual general meeting dated July 22,2017, the company said.

“Indian telecom is moving towards a data centric business model as the demand for data is growing exponentially with the nation decisively embracing the digital world,” said
Akhil Gupta, Chairman, Bharti Infratel Limited.

“We continue to observe significant network rollouts for data coverage and we believe all operators will further accelerate their data network rollout plans to grab a share in the growing data market.

“The Government of India’s Digital India program and Smart City project pose additional opportunity to create infrastructure for sharing on a non-discriminatory basis. As Bharti Infratel and Indus Towers, we are well positioned to grab our fair share of the emerging data led growth market and build vital infrastructure for Smart Cities for sharing on non-discriminatory basis.”

Bharti Infratel is promoted by Bharti Airtel, India’s largest telecom provider by reveneu.

Follow ULTRA.news
RCom lenders get first round of bids for spectrum, fiber and assets – report The lenders of Reliance Communications have got initial bids for the company's assets from the three big telecom companies in India, CNBC TV18 reported, quoting banking sources.The Anil Ambani Group company is under the control of its lenders after it ran aground due to high...
Airtel’s new 4G pack is 30% cheaper than Reliance Jio Bharti Airtel has unveiled two new publicly available 4G plans with 2 GB and 3 GB of data allocation per day, along with free voice and SMS benefits.These plans are unique as currently no other operator offers 2GB or 3G per day at these price levels.Airtel has priced its ...
Bharti Airtel offers cashback on Intex 2GB RAM models, others Continuing with its tie-ups with hardware brands, Bharti Airtel announced three more 'cash back' models from Intex, including one with 2GB of RAM.The cheapest will be the Intex Aqua LIONS N1, priced at Rs 3,149 and eligible for for a cash back of Rs 1,500 over a period of th...
Bharti Airtel invests in e-publishing platform Juggernaut Bharti Airtel said it has acquired a strategic stake in Juggernaut Books, a popular digital epublishing platform.Telecom companies in India are busy building or buying content companies in an effort to offer their own content on their networks."The investment is in line ...
Bharti Airtel denies violating Aadhaar norms Bharti Airtel today said it has not violated any norms set down by the UID Authority of India for the use of Aadhaar verification.Responding to a notice from the stock exchanges, the company confirmed having received notices from the UID Authority on alleged violations of no...
Will Reliance Jio launch Rs 199 plan with 1 GB per day for 28 days? A new plan being bundled with Xiaomi's new affordable plan, Redmi 5A, suggests that Reliance Jio could soon launch its first monthly unlimited plan priced at Rs 199.The plan, valid for four weeks, will give 1 GB of data per day, unlimited voice and access to Jio apps.The...
Exchanges seek clarification from Bharti Airtel on Aadhaar misuse charges Stock exchanges in India have sought a clarification from India's largest telecom company by revenue, Bharti Airtel, on a report that it was under investigation by a government agency for allegedly misusing customer data to open bank accounts in their names."(The) exchange ha...
Airtel launches VoLTE in Karnataka Bharti Airtel continued to expand its lead over Vodafone and Idea in terms of supporting 4G voice services by launching VoLTE or Voice over LTE services in Karnataka.The prices for VoLTE calls will remain identical to those of traditional calls.However, customers who us...
Siemens Q2 sales hit by GST, profitability improves, orders up 10% Electrical goods maker Siemens Ltd reported an improvement in its profit margins, but underlying sales growth decelerated to 1.8% due to GST-related impact. The company usually posts 8%-15% growth in revenue.Net profit also showed a decline as last year, the company had exce...
Tata DoCoMo users get Airtel network, but not the tariff plans yet Bharti Airtel and Tata Teleservices said they have started moving customers of Tata DoCoMo to the Bharti Airtel network using what is called an 'intra-circle roaming' or ICR agreement.This essentially means that Tata Teleservices will continue to operate a network in a techn...
Reliance Jio arrests trend of declining net additions; user activity increases Reliance Jio, India's newest operator, added 5.94 mln subscribers in September, breaking a declining trend in net additions and taking the total subscriber number to 138.62 mln (13.86 cr).Even as the company increased its subscriber numbers, it was also able to reduce the p...
NMDC Q2 sales up 39%, PBT up 19% India's largest iron ore producer NMDC has reported a 39% increase in its revenue for the September quarter compared to the same period last year. Net profit increased 10%.The increase in revenue and profit was mainly due to increase in pricing and volume, the company said. ...
As Jio reality sinks, Idea abandons ‘limited aggression’ strategy Idea Cellular has abandoned its earlier strategy of 'limited aggression' in dealing with the threat from Reliance Jio and Bharti Airtel, and will be more visible in its counter strikes from now, said CEO Himanshu Kapania."From end October, Idea has shifted its earlier stand ...
Tata Global says lower costs helped Q2 profit growth Tata Global Beverages reported a 4.4% increase in revenue for the September quarter, while net profit jumped to 144 cr from Rs 127 cr in the year-ago quarter.Revenue declined marginally on a sequential basis, while net profit was higher by Rs 20 cr.The company said reven...
Zydus Cadila has an excellent quarter in Q2, PAT up 33% Pharma giant Zydus Cadila reported excellent numbers for the September quarter, led by rising US revenue that lifted its margins and profits.For the second quarter ended September 30, 2017, Zydus Cadila reported Earnings before Interest, Depreciation and Tax (EBIDTA) of Rs. 8...
Bharti Airtel raises Rs 3,325 cr by selling shares in Infratel Bharti Airtel said it raised Rs 3,325 crore (USD 510 Million) by selling shares in its tower subsidiary.It sold 83 mln shares at Rs 400.60 each. The price was at a discount of 3.6% to the previous day’s closing level.Shares of Infratel opened down by about 4% today due ...
Tata Teleservices loses 7.3% subscribers in October in Maharashtra Tata Teleservices, the mobile telecom arm of the Tata Group that was sold to Bharti Airtel last month, lost about 7.3% of its nearly 7 mln mobile subscribers in Maharashtra and Goa, according to a regulatory filing by the company.Tata Telservices Maharashtra Ltd, as the compa...
Tata Chemicals PAT up 52% despite GST impact Tata Chemicals Limited reported flat revenue for the quarter ended September, partly due to the impact of the GST, but net profit from continuing operations was up 52%.On a like to like basis, said the company, revenue was up 2.6%.As reported, revenue was at 3,462 Cr and ...
Idea Cellular loss widens, ARPU down, VoLTE in early 2018 Idea Cellular reported a 19.7% year-on-year decline in its standalone revenue for the second quarter of this financial year, while net loss increased to Rs 1,176 cr from 617 cr in the preceding quarter and a net profit of 4.3 cr in the year-ago period.The revenue per subscri...
Sun TV continues slow ad growth trend, but subscription fees jump Chennai-based Sun TV continued to report decent overall growth in the July-September quarter as well, but advertising sales continued to lag behind peers such as Zee Entertainment.The company has been ‘suffering from’ poor advertisement growth in the last couple of years, ev...