Airtel Q1 profit slips 75% YoY to Rs 367 crore

airtel-q1-results-2017Bharti Airtel Ltd’s Q1 profit slips 75%, the third straight quarterly decline, as new entrant Reliance Jio Infocomm Ltd, backed by India’s richest man, sparked a price war aimed at upending the telecom sector. Bharti Airtel’s net profit declined to Rs367 crore in the three moths ended 30 June from Rs1,462 crore in the year earlier, the company said on Tuesday. The better-than-expected Q1 results was partly because pressure eased on Airtel after Reliance Jio started charging customers in April, after offering services for free for almost six months. The reprieve for incumbent operators is likely to be temporary as Reliance Industries Ltd chairman Mukesh Ambani has doubled down on his telecom bet by offering free 4G handsets to Reliance Jio users.
Key Highlights of Bharti Airtel FY17-18 Q1 Results:

Bharti Airtel Q1 beats street estimates

  • Cons India Revenue At Rs 12,914.6 Cr
  • Cons EBITDA At Rs 7,823 Cr
  • Cons EBITDA Margin At 35.6%
  • Cons Africa EBITDA Margin At 28%
  • Q1 Cons India EBITDA At Rs 4,428.1 Cr
  • Q1 India ARPU At Rs 154
  • Q1 India Volume Growth At 421.9 Bn Mins
  • Q1 India Voice Usage/Customer At 507 Mins
  • Q1 Revenue Up 7.5% At Rs 8,613 Cr Vs Rs 8,011 Cr (YoY)
Filed in: 4G Services, Airtel, Mobile Services, Stock Market, Telecom News, Telecom Operators Tags: , , ,

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