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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.

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