Reliance Jio is gearing up for its full commercial launch of its services across the country and is all set to rattle India’s data market by offering 4G data at lowest rates in the world. “Mission of Reliance Jio is to take India from data shortage to data abundance. Jio makes India the highest quality, lowest…
January 30, 2014: Bharti Airtel reported on Wednesday a 13 percent growth of net income at Rs 610 crore in the fiscal third quarter as against Rs 284 crore in the corresponding quarter last year.
Consolidated net debt of Airtel, India’s largest telecom server by subscriber base, has reduced to $ 9,313 Mn resulting in the Net Debt to EBITDA ratio (LTM) improving to 2.06 times as compared to 2.20 times at the end of the previous quarter, according to a release from Airtel.
The company said consolidated Mobile internet revenues rose 105.2% Year Over Year (Y-o-Y) at Rs 1,736 crore, accounting for more than one-third of the overall incremental revenue. While, revenue from India operations rose 10 % due to strong growth across business segments; international revenue rose 18 %.
Mobile voice realisation in India improved by 1.96p on a Y-o-Y basis (37.13p in Q3’14 vs 35.17p in Q3’13), and minutesgrew by 5.9% Y-o-Y. Data customer base increased by 31.2% to 54.4 Mn customers and coupled with54.4% increase in usage per customer, this led to 97.0% increase in total data traffic. Mobile ARPU has increased byRs 9.7 to Rs195. DTH revenue grew by 25.8% and airtel business grew by 13.9% Y-o-Y, the statement added.
Highlights for the third quarter ended December 31, 2013
– Consolidated total revenues up by 13.3% Y-o-Y
– India up 10.3%; International up 18.5% (INR terms) Y-o-Y
– Consolidated EBITDA up by 22.8%, EBITDA margin up 2.5% Y-o-Y
– Consolidated EBIT up 55.6% Y-o-Y
– Mobile Data revenue up 105.2% Y-o-Y; strong growth across geographies
– India EBITDA up 25.4%; margin up 4.4%
– Consolidated Net Income at Rs 610 crore, up 115.1%