Bharti Airtel, a leading telecom service provider, registered a 32.6 percent decrease in net profit in fiscal 2010-11.
According to a company statement, the net profit at $1,354 million declined by 32.6 percent from $1,989 million in the previous year due to increase in net interest outgo ($333 million), forex restatement losses ($152 million), re-branding
expenses ($76 million) and increase in spectrum charges in India ($59 million).
The consolidated total revenues for the fourth quarter ended March 31, 2011 of $3,643 million grew by 51.3 percent
over last year.
Africa continued its upward trend with revenues of $924 million (Q3 FY11: $911 million). India and South Asia sustained double digit revenue growth with a Y-o-Y of 12.7 percent. Consolidated EBITDA margin for the quarter at 33.5 percent improved from 31.6 percent in Q3 FY11.
The net income of Bharti Airtel for Q4 FY 11 was at $314 million, improved by 7.5 percent from $289 million in Q3 FY11.
The consolidated total revenues for the full year ended March 31, 2011 of $13,319 million grew by 42.1 percent Y-o-Y
lifted by the African operations. India and South Asia revenues grew by 11.0 percent in an intensely competitive market.
Bharti Airtel exhibited strong performance this year. The new airtel brand has been a tremendous success in all our 19
countries. In India, we have been focusing on building a robust 3G network to meet the increasing data needs of a
young population. In Africa, we are rapidly expanding our network coverage, improving distribution width and increasing our efficiency and productivity standards”, said Sunil Bharti Mittal, chairman and managing director, Bharti Airtel.
The consolidated EBITDA margin for the year was at 33.6 percent declined by 6.5 percent over the previous year. This is
attributable to pricing pressure in India and South Asia and the lower margins in African operations acquired during the year.
By TelecomLead.com Team
