India's largest telco Bharti Airtel has reported a net profit of Rs 1,108 crore for the quarter ended June 30, 2014, registering a significant 60.9% growth from Rs 689 crore in the same quarter last year. This was on consolidated revenues of Rs 22,962 crore for the quarter, up 13.3% year-on-year (YoY). The increase in revenues was driven by a significant 73.9% YoY growth in consolidated mobile data revenues to Rs 2,204 crore for the quarter. Airtel mentions that this segment has been consistently contributing for more than one-third of Airtel’s overall incremental revenue. The contribution of non-voice revenues increased to 27.4% of Airtel's overall revenues for the quarter, from 25% contribution in the same quarter last year. On a sequential basis, it however declined from 29.5% contribution in the previous quarter. India - Revenue from mobile services was up 10% YoY to Rs 12,752.5 crore, from 11,601.3 crore in the previous quarter. Total revenues was up 12% YoY to Rs 15,787 crore for the quarter from Rs 14,123.3 crore in the same quarter last year. - India mobile data revenues was up 68.2% YoY to Rs 1,559 crore. Revenue from mobile data accounted for 12.4% of the total mobile revenue for the quarter as compared to 8.2% in the corresponding quarter last year. - Total minutes on network increased by 2% QoQ to 270.8 billion minutes from 264.8 billion minutes in the previous quarter. Mobile voice realisation rate increased to Rs 0.381. - Total connection base at 209.4 million, up 2% QoQ. Net additions declined 44% to 3.9 million from 7 million in the…
