Bharti Airtel, one of the major telecom operator in the country reported a 65.4 per cent decline in consolidated net profit at Rs. 119 crores for the September-end quarter of the current fiscal year. The company had earlier reported a net profit of Rs. 343 crores in the corresponding quarter period of the previous year.
According to a company statement, the total revenue during the quarter under review stood at Rs. 20,422 crores, resulting in a 6.2 per cent decline as compared to Rs 21,777 crore accumulated in the year-ago period. Bharti Airtel’s India revenues fall 3.6 per cent year-on-year basis whereas the revenues from Africa jumped 10.8 per cent.
The statement released by the company said, “India revenues for Q2’19 at Rs 14,920 crore have declined by 3.6 per cent year on year (declined 10.9 per cent on the reported basis) on an underlying basis. Mobile revenues have witnessed a year on year de-growth of 7.2 per cent on an underlying basis led by continued average revenue per user down-trading impacted by competitive pricing pressures.”
As per the MD and CEO (India & South Asia) of Bharti Airtel, Gopal Vittal, the average revenue per user (ARPU) decline has moderated during the quarter driven by the focus on quality customers through simplified pricing and content partnerships.
Vittal also added, “We remain focused on driving quality base growth with value adding propositions for our customers. We also remain committed to investing in enhanced capacities and have deployed 27000+ broadband sites during the quarter, enabling a 239 per cent YoY growth in mobile data volumes.”