Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Bharti airtel gains on strong q4 results

199 views

Published on

Global Press Release Distribution Bharti Airtel gains on strong Q4 results Source: Business Consultant Dated: Apr. 30, 2014 Bharti Airtel announced it’s results on 29th April 2014. It’s net profit jumped 89.07% to Rs 961.60 crore on 13.62% increase in total income to Rs 22260.50 crore in Q4 March 2014 over Q4 March 2013.

Published in: Services
  • Be the first to comment

  • Be the first to like this

Bharti airtel gains on strong q4 results

  1. 1. PRLog - Global Press Release Distribution Bharti Airtel gains on strong Q4 results Source: Business Consultant Dated: Apr. 30, 2014 Bharti Airtel announced it’s results on 29th April 2014. It’s net profit jumped 89.07% to Rs 961.60 crore on 13.62% increase in total income to Rs 22260.50 crore in Q4 March 2014 over Q4 March 2013. MUMBAI, India -- Bharti Airtel announced it’s results on 29th April 2014. It’s net profit jumped 89.07% to Rs 961.60 crore on 13.62% increase in total income to Rs 22260.50 crore in Q4 March 2014 over Q4 March 2013. India revenues registered a growth of 11.6% Y-o-Y. Mobile voice realization in India improved to 37.07p per minute (up 2.08p Y-o-Y). Mobile data revenue at Rs 1325 crore registered a growth of 89.2% Y-o-Y while Telemedia, DTH and Airtel Business registered double digit revenue growth. International revenues grew by 17.2% Y-o-Y in INR terms with Africa growing by 16.4% and South Asia by 30.0% says Sachin Karpe. Bharti Airtel had exceptional cost of Rs 233 crore comprising Rs 157 crore integration costs, Rs 26 crore tax provision, minority interest charge of Rs 51 crore. The market sentiment was also boosted by data showing that foreign funds remained net buyers of Indian stocks on Tuesday, 29 April 2014. Foreign institutional investors (FIIs) bought shares worth a net Rs 287.98 crore on Tuesday, 29 April 2014, as per provisional data from the stock exchanges. The market breadth, indicating the overall health of the market, was strong. On BSE, 740 shares gained and 257 shares fell. A total of 37 shares were unchanged says Sachin Karpe. Telecom stocks will be in focus after the Telecom Disputes Settlement and Appellate Tribunal reportedly overturned a ban imposed in 2011 on intra-circle roaming pacts among operators. Telecom operators will be able to offer 3G services even in circles where they do not have 3G spectrum. Bharti's minutes growth at 3.8% on quarter was "meaningfully" lower than Idea's 8.6%; even absolute minute additions for Idea were higher than Bharti's 10 billion. The company's forex loss stood at Rs 132 crore. The company said that profit hits by higher cost on amortization, FX and Tax. The consolidated revenues for Q4 March 2014 at Rs 22219 crore grew by 13.5% over the corresponding quarter last year. Consolidated Mobile data revenues at Rs 1900 crore grew by 93.4% year-on-year (Y-o-Y), accounting for more than one-third of the growth. India revenues registered a growth of 11.6% Y-o-Y. Mobile voice realisation in India improved to 37.07p per minute (up 2.08p Y-o-Y). Mobile Data revenue at Rs 1,325 crore registered a growth of 89.2% Y-o-Y while Telemedia, DTH and Airtel Business registered double digit revenue growth. International revenues grew by 17.2% Y-o-Y in INR terms with Africa growing by 16.4% and South Asia by 30.0% says Sachin Karpe. To know more about Sachin Karpe's business tips and guidance, just click http://karpesachin.org and his blogs http://karpesachin.info --- End --- Email Click to contact author Phone 919999999999 City/Town Mumbai State/Province Maharashtra Country India Industry Telecom Tags Bharti Airtel announced, Sachin Karpe, dth, Airtel Business Link http://prlog.org/12316913 Page 1/2
  2. 2. PRLog - Global Press Release Distribution Scan this QR Code with your SmartPhone to- * Read this news online * Contact author * Bookmark or share online Page 2/2

×