Bharti Airtel’s Q3 net profit zooms 135 percent


Riding on customer acquisition and mobile data growth, telecom major Bharti Airtel’s third quarter (October-December) consolidated net profit for 2014-15 zoomed 135.4 percent year-on-year, the company said Wednesday.

The company posted consolidated profit of Rs.1,436 crore for the third quarter (Q3) compared to Rs.610.2 crore posted during the corresponding quarter in 2013-14, a company statement here said.

“Airtel’s revenue growth in India has continued to accelerate. Revenue growth of 12.6 percent in Q3 is the highest in 9 quarters. We remain focused on driving topline through stepped up customer acquisitions with continued focus on churn, ensuring pricing stability, and path-breaking innovations in mobile data,” Gopal Vittal, managing director (MD) and chief executive officer (CEO), India & South Asia, said.

“Our mobile data growth is at 74.3 percent in Q3. On the regulatory front, the industry has welcomed the announcement of the timetable for the spectrum auctions in March 2015,” he said.

The consolidated revenues stood at Rs.23,217 crore for the third quarter registering a growth of 5.8 percent compared to the like quarter of the previous year at Rs.21,939 crore.

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