Bharti Airtel Q2 profit falls 29.8%

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Sunil Mittal Sunil Mittal
SummaryIndia's top telecom carrier, reported 11th consecutive quarter of profit decline.

the reported quarter was up by 17.4 per cent at Rs 20,283.2 crore compared to Rs 17,276.4 crore for the corresponding period in previous financial year.

The average revenue the company earns from a user stood at Rs 177 per month in the reported quarter, compared to Rs 183 in the same period last year and Rs 185 in the April-June 2012 quarter.

As on September 30, 2012, overall customer base of the Bharti Airtel stood at 262.6 million, across 20 countries.

This includes 251.8 million wireless customers which took Airtel amongst the top four global operators in terms of subscribers base.

Bharti Airtel's customer base in India stood at 196.65 million at the end of reported quarter.

At the end of second quarter of FY'13, the company has 5.4 million active 3G customers of which 4 million are active 3G data customers.

Bharti Airtel made cumulative investments of Rs 1,87,719.7 crore on global level till the end of July-September 2012 quarter. The company invested Rs 74,745.9 crore in its mobile services business in India and South Asia region.

The company reported revenues of over Rs 500 crore from data (internet) services in the quarter.

Kapoor said the company is expanding its 4G network in the country and is expected to cover more cities during the ongoing quarter.

"I cannot share details but Delhi and Mumbai launch are not likely to happen in this quarter," he said.

Bharti Airtel has licence for 4G services in Maharashtra, Kolkata, Karnataka and Punjab. The company acquired stake in Qualcomm's Indian venture which has licence for 4G services in Delhi, Mumbai, Kerala and Haryana circles.

The company's consolidated revenue from Africa increased by 29 per cent to Rs 6,051.2 crore in the quarter, compared to Rs 4,703.2 crore in the same period a year ago.

It had 58.7 million GSM mobile customers on its African network at the end of September, 2012.

"We have achieved leadership position in most of the African market," Bharti Airtel's CEO (International) and Joint MD Manoj Kohli said.

During the quarter, the company added 2.8 million customers. The ARPU (average revenue per user) for the quarter was USD 6.4 per month in Africa.

At the end of July-September quarter, the company had a net debt of Rs 66,760 crore.

This includes Rs 2,371.9 crore, representing 49 per cent of the net debt of the Qualcomm subsidiaries, into which Bharti Airtel acquired stakes in May, 2012.

The consolidated net debt in during the quarter increased

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