wordpress blog stats
Connect with us

Hi, what are you looking for?

Airtel net profit falls by 65% YoY to Rs 119 Cr in Q2FY19

Bharti Airtel has reported a net profit of Rs 119 crore in the second quarter of the financial year 2018–19 (Q2FY19), a fall of 65% as compared to the same quarter last year (Q2FY18) when it posted a profit of Rs 343 crore. The falling net profit is in line with the trend seen in the past year.

Gopal Vittal, MD and CEO, India & South Asia for Airtel said the company has deployed over 27,000 broadband sites during the quarter, leading to a 239% YoY growth in mobile data volumes.

Revenue: Consolidated revenues fell by 6% year-on-year to Rs 20,422 crore. While revenues from Africa were up by 10.8% YoY, it could not compensate for the fall in India — of 10.9% YoY to Rs 14,920 crore in Q2FY19.

Performance indicators

Consolidated EBITDA (Earnings before interest, taxes, depreciation, and amortization) for the quarter was Rs 6,343 crore against the Rs 8,004 crore same quarter last year, recording a fall of 20.7%. The company’s Profit after Tax (PAT) stands at a loss of Rs 1,854 crore, registering a fall of 242% YoY, when the PAT stood at Rs 1,299 crore.

Consumer base

  • Worldwide: The total consumer base for Airtel across markets and services was 444.9 million, a quarterly fall of 0.8% from Q1FY19.
    • However, it grew 14% compared to the same quarter last year when it had 389.6 million customers.
    • The company’s global mobile customers also grew by 14%.
  • Airtel: Indian mobile customers fell by 2% from the last quarter to 329.6 million. Mobile data traffic grew to 2,660 billion MBs in the quarter marking a growth of 250% YoY when it 784 billion MBs.
  • Africa: Airtel increased its Africa users by 15% YoY with 940.9 million users in the continent. The number is up 3% over last quarter this year. Mobile data traffic grew to 89 billion MBs in the quarter marking a growth of 53% YoY when it was 58 billion MBs.

You May Also Like

News

Mobile number porting requests increased by 20% to 8.2 million requests in December 2020, compared to 6.8 million porting requests reported in November 2020....

News

Airtel on Wednesday announced its own ad platform, Airtel Ads, in a virtual press conference. Terming its new product “powerful brand engagement solution”, the...

News

Airtel has partnered with the telecom gear maker Qualcomm for its 5G network rollout, the companies announced in a press release on Tuesday. “Through...

News

Vodafone Idea (Vi) has joined the Transactional Video on Demand (TVOD) bandwagon, in partnership with the music and film streaming company Hungama, which has...

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