Telecom Lead India: Driven by 77 percent increase in mobile data income, Airtel clocked 17.4 percent increase in second quarter revenue to Rs 20,273 crore.
Airtel India, headed by its India CEO Sanjay Kapoor, is generating revenue of more than Rs 500 crore per quarter from mobile data.
Airtel’s customer base stands at 262.6 million, across 20 countries.
Total minutes on network were 274.8 billion, up 10 percent.
26 percent increase airtel business (B2B) and 26 percent in Digital TV also contributed to the significant growth in income.
Mobile voice revenues in India were depressed due to the seasonal effect.
Airtel Africa reported 21 percent increase in customer base, 32 percent traffic increase and 56 percent increase in non-voice revenues.
Net profit increased by 30 percent to Rs 721 crore.
“Despite a seasonally weak quarter, I am pleased to see that our overall revenue growth has sustained through diversified segments and geographies as well as the continuing healthy demand in data services,” said Sunil Bharti Mittal, chairman & managing director, Bharti Airtel.
“I am also happy to note that in India, the much needed market corrections in customer acquisition practices have been put in place by the operators. Our African operations continue to reflect sustained and steady growth on all major parameters of revenues, profitability and cash flow,” Mittal added.