Bharti Airtel has reported around 31 percent decline in consolidated net profit at Rs.1462 crore for the first quarter of 2016-17, mainly due to high capital expenditure during the period.
The company had reported a net profit of Rs.2113.2 crore in the same period last fiscal. Net Income for the quarter stands at Rs.1462 crore compared to Rs.2113 crore in the corresponding quarter last year. Q1'16 net income of Rs.2113 crore has been re-instated to Ind-AS from previously reported Airtel's net income in India, which dipped by 8.7 percent to Rs.2051.3 crore from Rs.2248.5 crore during the quarter under review.
Net loss of the company, before exceptional items, in South Asia widened to Rs.251 crore in the reported quarter compared to Rs.234.6 crore a year ago.
Airtel's India revenues for the reported quarter grew by 10.3 percent at Rs.19,155 crore compared to Rs.17,369.6 crore in the corresponding period of 2015-16. Airtel reported increase in total mobile customer base in India at 255 million, but the average revenue per user declined to Rs.196 in April-June from Rs.198 a year ago.
The company in India almost doubled its investment in network to transmit high-speed 3G and 4G services. In the reported quarter, Airtel had 157,055 mobile towers of which 108,015 were transmitting mobile broadband. In April-June 2015, Airtel had only 57,078 mobile towers delivering high-speed mobile Internet sign