Bharti Airtel Reports 65.4% Drop in Net Profit During Q2

By October 25th, 2018 AT 8:28 PM

Telecom operator Bharti Airtel on Thursday reported a 65.4% drop in consolidated net profit at Rs 119 crore for the second quarter ended September 2018. Its net profit stood at Rs 343 crore in the same period of the previous year, according to a company statement. Total revenue came in at Rs 20,422 crore for the September quarter, which was 6.2% lower than Rs 21,777 crore notched in the year-ago period. Its India revenues fell 3.6% year-on-year while the Africa revenues rose 10.8%.

airtel-net-profit-q2-2019

“India revenues for Q2’19 at Rs 14,920 crore have declined by 3.6% year on year (declined 10.9% on a reported basis) on an underlying basis. Mobile revenues have witnessed year on year de-growth of 7.2% on an underlying basis led by continued average revenue per user down-trading impacted by competitive pricing pressures,” the statement said.

Gopal Vittal, MD and CEO (India & South Asia), Bharti Airtel, said the average revenue per user (ARPU) decline has “moderated” this quarter driven by a focus on quality customers through simplified pricing and content partnerships.

“We remain focused on driving quality base growth with value adding propositions for our customers. We also remain committed to investing in enhanced capacities and have deployed 27000+ broadband sites during the quarter, enabling a 239% YoY growth in mobile data volumes,” Vittal added.

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Kaushik IMAAU(Airtel User)Chhota ChetanNikhil Mumbai-PuneLove Airtel Recent comment authors
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Mahmood Junaid
Mahmood Junaid

Airtel network statistics:
Airtel added 17,660 kms of optic fibre to take the total to 2,63,507kms, highest addition in last few years. Airtel now has 1,71,031 towers with addition of 3,676 towers of which 1,54,531 are mobile broadband towers with addition of 8,103.. Airtel also added 27,438 mobile broadband sites to take the total to 3,47,642 mobile broadband base stations…

Nikhil Mumbai-Pune
Nikhil Mumbai-Pune

What’s the use when they are not able to deploy band 40 spectrum PAN India?

AU(Airtel User)
AU(Airtel User)

Does vodafone idea even hav money to install new towers leave new spectrum deployment ? Aukaat ke bahar hai vodaidea ke.

Kaushik IMA
Kaushik IMA

They are adding new towers every quarter. Dear millennium joker, please update yourself.

Love Airtel
Love Airtel

Thanks. You always provide great information.

Chetan | Bangalore
Chetan | Bangalore

In yesterday’s IMC 2018 event , Mittal rushed to Ambani and asked for time to meet him and Ambani replied “Tum bolo na kab milna hai. Abhi aa jao… Main Arun ji (unidentified) ko milne ja raha hoon… If you want, I can come wherever you want,” Ambani said and left. A meeting between the two titans of Indian industry could well be on the cards, but whether that will help Mittal in this mega battle of the giants remains to be seen. Also seen yesterday mr. Birla sharing his crib with Ambani . It seems VIL spectrum is cherry… Read more »

Girish Gowda | bengaLuru
Girish Gowda | bengaLuru

How did you come across this interesting piece of information?

Chhota Chetan
Chhota Chetan

Same as all other information. He can see every. Past, present, future.

AU(Airtel User)
AU(Airtel User)

Chetan
jio hav tech for 4.5G 5G n airtel cn deploy 4.5G 5G tech it hav resources n airtel is only serious telco to counter jio.
Vodaidea cant do anything now it will be better idea sell themselves to jio so that jio can get 5CA or 6CA in future. I hav feeling just like voda sold themselves to idea. Idea will sell themselves to jio post 2020. Only Airtel Jio +Bsnl will b there. so this will b much more efficient use of spectrum for 4.5G n 5G ?

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