Bharti Airtel Q1 profit up 40% to Rs 1,554.3 cr

Riding on the mobile Internet boom, telecom major Bharti Airtel today reported about 40 per cent jump in consolidated net profit to Rs 1,554.3 crore in the first quarter of the current financial year.
The company had posted net profit of Rs 1,108.5 crore in the April-June quarter of last fiscal.
During the quarter ended June 30, 2015-16, it saw 86.5 per cent year-on-year traffic growth in the mobile data business.
Its consolidated total sales grew by 2.9 per cent to Rs 23,680.8 crore, as against Rs 23,005.5 crore in the first quarter of 2014-15.
"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.

India revenues reported a growth of 10 per cent y-o-y basis, led by 22.2 per cent in Airtel business (B2B) and 15.8 per cent in Digital TV.

"Mobile Data revenue at Rs 2,609 crore registered a growth of 67.3 per cent y-o-y in India, uplifted by increase in the Data customer base by 25.8 per cent and traffic by 83.4 per cent," the statement said.
Average data revenue per user of the company moved up by Rs 42 to Rs 181 in the reported quarter, an increase of 42.7 per cent in data usage per customer.
Mobile data revenues contributed 19.2 per cent of Mobile India revenues in the first quarter, compared to 12.4 per cent in year-ago period.