Bharti Airtel has reported 14 percent increase in consolidated revenues at Rs 19,350 crore for the first quarter ended June 30, 2012.
The consolidated net income plummeted to Rs 762 crore in first quarter of fiscal 2012-13 from Rs 1,215 crore in Q1 2011-12.
- Overall customer base grew to 260.7 million, across 20 countries.
- Currently, Airtel has 250 million wireless customers.
- Total minutes on network were 274.6 billion, sequentially up 3.5 percent (9.4 billion).
- Revenue in Africa grew by 31.5 percent.
- Thanks to 3G and 4G launches, mobile data revenues in India increased by 44.2 percent.
Sunil Bharti Mittal, chairman & managing director, Bharti Airtel, said telecom revenues in India have been depressed due to hyper-competition and recent regulatory & tax developments.
Despite adverse developments, Airtel has kept its focus on network expansion, market investments, superior customer experience and new product innovations.
India data pick-up is accelerating with over 38 million customers and mobile data revenues up 44 percent.
Airtel said mobile revenues in India during the quarter were impacted by two significant changes:
- TRAI guidelines around processing fees restricted the sales of combo packs which offered bundled service propositions to augment customer value.
- The service tax hike from 10.3 percent to 12.36 percent, effective 1st April 2012, causing all telecom services to become dearer by nearly 2 percent, with the entire additional levy being passed through to the exchequer.
Bharti Airtel first quarter revenue up 14% to Rs 19,350 crore