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Bharti Airtel Reports Sequential Decline; YoY Profits Up 13.42%, ARPU Down 24%

For the quarter ending September 2009, top telecommunications provider Bharti Airtel has reported a net profit of Rs. 23,210 million, up 13.42% from the same quarter last year but 7.78% lower compared to the Rs. 25, 167 million reported in the previous quarter, belying a weak quarter for the company. The telco added a total of 8,244 customers during the quarter (additions are down 4% QoQ) and has 113.44 million customers, of which 110.51 million are mobile connections. This is also the third consecutive quarter that Airtel's mobile post-paid subscriber base has been declining. Financials A sequential decline of 0.97%  in revenues and 7.78% in profit from Airtel is quite surprising. However, consolidated revenues were up 9.15% year-on-year, to Rs. 98,455 million. In the previous quarter, Airtel had reported revenues of Rs. 99, 416 million. Operating expenses grew by 16% compared…

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