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Airtel quarterly revenues up 9%, EBITDA improves 19%
2013-07-31 08:59:00| Telecompaper Headlines
(Telecompaper) Bharti Airtel reported revenues up 9.2 percent year-on-year to INR 202.6 billion for its fiscal first quarter to June. Revenues were up 11.6 percent in its home market India, helped by mobile price increases and growth in mobile data and TV services. At its South Asia and Africa operations, growth slowed to 4.6 percent, hurt by termination rate cuts in several countries in Africa. The operator's EBITDA rose 19.3 percent to INR 65.5 billion, and the margin improved to 32.3 percent from 29.6 a year earlier. Net profit dropped to INR 6.9 billion from INR 7.6 billion due to forex and derivatives losses. Operating cash flow doubled year-on-year to INR 42.5 billion, and net debt dropped by USD 908 million in the quarter to USD 9.78 billion at end-June after the investment by the Qatar Foundation. That's equal to 2.21 times EBITDA, versus 2.50 three months earlier. Airtel finished the quarter with 274.92 million customers, up by 1.4 percent from March and 5.4 percent more than a year earlier.
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Category:Telecommunications