Riding on the mobile Internet boom, Bharti Airtel on Tuesday announced about 40 per cent jump in its consolidated net profit at Rs1,554.3 crore in the first quarter of the current financial year on the back of mobile Internet boom.
The company had posted net profit of Rs1,108.5 crore in the April-June quarter of last fiscal.
During the quarter ended June 30, 2015-16, it saw 86.5 per cent year-on-year traffic growth in the mobile data business.
Its consolidated total sales grew by 2.9 per cent to Rs23,680.8 crore, as against Rs23,005.5 crore in the first quarter of 2014-15.
“Our customer base has continued to steadily expand. Mobile minutes and data traffic have grown by 7.4 per cent and 83.4 per cent respectively. I am pleased that our revenue growth is broad based across all business units, especially the domestic enterprise and corporate segment,” Bharti Airtel MD and CEO, India & South Asia Gopal Vittal said in a statement.
India revenues reported a growth of 10 per cent y-o-y basis, led by 22.2 per cent in Airtel business (B2B) and 15.8 per cent in Digital TV.
“Mobile Data revenue at Rs2,609 crore registered a growth of 67.3 per cent y-o-y in India, uplifted by increase in the Data customer base by 25.8 per cent and traffic by 83.4 per cent,” the statement said.
Average data revenue per user of the company moved up by Rs42 to Rs181 in the reported quarter, an increase of 42.7 per cent in data usage per customer.
Mobile data revenues contributed 19.2 per cent of Mobile India revenues in the first quarter, compared to 12.4 per cent in year-ago period. Total customer base of Bharti Airtel stood at 331.86million at the end of the quarter under review.
The company saw decline in its Africa business with net loss before exception item widening to Rs976.8 crore in the reported quarter compared to Rs820 crore loss it posted under same head.