Bharti Airtel on Tuesday announced its financial result for the quarter ended on June 30. The company reported a consolidated net income of Rs 367 crore, a drop of 74.8% as against Rs 1462 crore during the same quarter last year. In the fourth quarter of last fiscal, the company had posted net income of Rs 373 crore. 

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Overall Bharti Airtel's customer stood at 37.9 crore across 17 countries, up 10.2% on year-on-year basis excluding divested units. 

The Consolidated EBITDA stood at Rs 7823 crore, down 18.4% on y-o-y basis and EBITDA margin was at 35.6%, drop of 1.9% on y-o-y in Q1FY18. 

The consolidated total revenues in Q1FY18 stood at Rs 21,958 crore, down 11.1% Y-o-Y on an underlying basis. Consolidated Y-o-Y revenue growth muted by 2.6% on account of Nigeria currency devaluation. Consolidated mobile data traffic at 527 Mn MBs in the quarter has registered a strong Y-o-Y growth of 178.0% on an underlying basis. Consolidated mobile data revenues for the quarter at Rs 3,765 crore, Y-o-Y drop of 16.8% on an underlying basis.

Mr. Gopal Vittal, MD and CEO, India & South Asia, said, "The pricing disruption in the Indian telecom market caused by the entry of a new operator continued with industry revenues declining over 15% Y-o-Y, creating further stress on sector profitability, cash flows and leverage. Consequently, our revenues declined 10% and EBITDA margin eroded by 5.3% Y-o-Y. We remain committed to providing the best value & experience to our customers and continue to invest towards it. As a result, our network witnessed data and voice traffic growth of 200% & 34% Y-o-Y respectively."

In constant currency (1st Mar’17) terms, Africa underlying revenues grew by 1.5% Y-o-Y. Data revenues at $138 million grew by 11.3% Y-o-Y, led by increase in Data customer base by 19.4% and traffic by 75.0%. Data revenues now contribute to 18.7% of overall Africa revenues vis-à-vis 16.9% in the corresponding quarter last year, the company said in a regulatory filing. 

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