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.

Read more on:

Subscribe
Notify of
guest
25 Comments
newest
oldest most voted
Inline Feedbacks
View all comments

Recent Posts

1 Gbps Broadband Plans, Do You Need It?

The world has evolved quite significantly when it comes to fixed-line internet services. Companies today avail their fibre broadband connections...

BSNL 4G Prepaid Plan That Offers Truly Unlimited Data for 84 Days

Bharat Sanchar Nigam Limited (BSNL) offers a 4G prepaid plan that comes with truly unlimited data. ‘Truly unlimited’ means that...

OnePlus 8 Pro Dipped in Water, This Is What Happened

OnePlus launched its 2020 flagship series smartphone with that year’s flagship chipset, IP68 rating, premium design, power-packed battery, and high-resolution...