wordpress blog stats
Connect with us

Hi, what are you looking for?

Updated: Airtel Q3-FY14: Profit of Rs 610 Crore; Mobile Internet Revenues At Rs 1736 Crore Globally

Updates: added tables and info from quarterly report Bharti Airtel Limited reported a net profit of Rs 610 crore, up 115% from Rs 284 crore reported for the same quarter last fiscal year, on consolidated revenues of Rs 21,939 crore. Revenues were up by 13.3% year on year, for the quarter ended December 31st, 2013, led by a 105% increase in total Mobile Internet revenues, which increased, at a consolidated (Africa, India, South Asia) level to Rs 1736 crore, and contributed more than 1/3rd of Airtel's overall incremental revenue. Airtel's data customer base in India increased by 31.2% year on year to 54.4 million, and there was a 54.4% increase in usage per customer. This led to a 97% increase in total data traffic, as compared to the same quarter last year. Mobile ARPU for Airtel increased by Rs 9.7 to Rs 195. India - Revenue from mobile services during the quarter was Rs 11,644.6 crore, up 8.8% from Rs 10,699.4 crore in the corresponding quarter last year. Thhe company said that sequential growth of 3.4% in consumer revenue during this quarter reflects the sustained growth momentum in the current year, but the overall reported revenue growth of the Mobile segment is moderated "due to a tactical reduction in low margin fiber connectivity business." - EBITDA during the quarter increased by 27.3% to Rs 3,974.8 crore as compared to Rs 3,121.9 crore in the corresponding quarter last year. Consequently, EBITDA margin significantly improved to 34.1% during the quarter as compared to…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

Free Reads

News

Despite the drop in aggregate data consumption, the internet consumer base has seen an increase, going from 918.19 million between July and September 2023,...

News

With regard to JioMart, the company disclosed that the platform has seen the Average Order Value grow by 30% on a year-on-year basis and...

News

The lawsuit was filed by law firm Austen Hays in London’s High Court and accuses the dating app of misusing the information of thousands...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ