BHARTI AIRTEL TELECOM MAJOR REPORTS 24% RISE IN CONSOLIDATED NET PROFIT IN Q1

Telecom major Bharti Airtel Q1 reported a 24% rise in consolidated net profit at Rs 1,554 crore for the quarter ended June 2015. It was Rs 1,255 crore in the previous quarter ended March 2015. On annual basis, the net profit increased 40% from Rs 1,109 crore posted in the year-ago period. Strong consumer demand for voice and data services led to the strong numbers.

The total revenue rose marginally by 3% to Rs 23,670 crore as against Rs 23,016 crore in the previous quarter.

During the quarter ended June 30, 2015-16, it saw 86.5 per cent year-on-year traffic growth in the mobile data business.

“Our customer base has continued to steadily expand. Mobile minutes and data traffic have grown by 7.4 per cent and 83.4 per cent respectively. I am pleased that our revenue growth is broad based across all business units, especially the domestic enterprise and corporate segment,” Bharti Airtel MD and CEO, India & South Asia Gopal Vittal said in a statement.Courtesy: Agencies (PTI)