Bharti Airtel has reported a net profit of Rs 97.3 crore in the first quarter of the financial year 2018–19 (Q1FY19), recording a massive fall of 74% as compared to the same quarter last year (Q1FY18) when it had posted a profit of Rs 367.3 crore. This is in line with the trend that has been seen in the past year. Per the Economic Times, Gopal Vittal, MD and CEO, India & South Asia for Airtel said about the results, “Our investments have led to some opex headwinds in this quarter, but we remain focused on structural cost containment through our War on Waste program. With consolidation largely done, the secular opportunity of the Indian telecom market continues to excite us and we remain committed to offer best-in-class services to all consumers.” Revenue: Consolidated revenues fell by 9% year-on-year to Rs 20,080 crore. While revenues from Africa were up by 8.89% YoY, it could not compensate for the fall in India — of 13% YoY to Rs 14,930 crore in Q1FY19. Airtel said that this was primarily impacted by a cellular revenue drop, as it did for a similar drop in the previous quarter (Q4FY18). Performance indicators Consolidated EBITDA (Earnings before interest, taxes, depreciation, and amortization) for the quarter was Rs 6,837 crore against the Rs 7,823 crore same quarter last year, recording a fall of 12.6%. ARPU (average revenue per user) in India for voice and data combined was Rs 105 as compared to the Rs 154 in Q1FY18. Airtel said that…
Please subscribe to MediaNama. Don't share prints and PDFs.
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...