Bharti Airtel Limited declared consolidated revenues of Rs 21,324 crore, up by 10% year on year, for the quarter ended September 30, 2013. India revenues are up to Rs 14,079 crore from Rs 13,271 crore in the last sequential quarter. Total revenue from telemedia services increased 9% year on year to Rs 975.7 crores, from from Rs 894 crores in Q2-FY13. Mobile voice realisation in India improved by 1.31 p to 36.74 p on a YoY basis from 35.43 p in Q2 FY-14, which is probably because of a rate hike that Airtel has apparently taken during the quarter. Data usage has grown significantly for Airtel, and consolidated mobile data revenues (taking into account all geographies) have doubled. Financials - The continued depreciation of the Indian Rupee has resulted in forex restatement and derivative losses of Rs 342 crore up from Rs 25 crore loss in same quarter a year-ago. Consequently, the consolidated net income reduced to Rs 512 crore from Rs 721 crore from Q3-FY13. Consolidated Operating Free Cash Flows for the quarter increased by 117.1% YoY to Rs 4,693 crore. - International revenues grew by 17.9% YoY and 18.3% QoQ in INR terms with Africa growing by 16.1% YoY & 18.5% QoQ while South Asia grew by 54.4% YoY & 16.0% QoQ. Net Revenue in Africa has grown by 20.7% YoY in INR terms. - Consolidated EBITDA grew by 15.1% YoY at Rs 6,832 crore with margin expanding to 32.0% from 30.6% in the corresponding quarter last year. -…
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