Key highlights: 

  • Bharti Airtel's net profit decline by 75% in Q1
  • Net debt of Bharti Airtel stands at Rs 87840.4 crore in Q1
  • Total revenue declines by 14% in Q1

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Bharti Airtel posted consolidated net profit of Rs 367 crore, down 74.8% compared to Rs 1,462 crore in the corresponding period of the previous year. Total revenues declined by 14.04% to Rs 21,958.10 crore versus Rs 25,546.50 crore a year ago same period.

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.”

Pricing disruption in the telecom market has been mentioned as major reason by Airtel since the last three quarters.

Mukesh Ambani's Reliance Jio since the launch on September 05, 2016, have been taken as a threat for other incumbent operators which also includes Bharti Airtel due to its free offers.

Here's how, Rjio's free offers impacted Bharti Airtel's earnings in last three quarters.

Bharti Airtel's earning growth which stood Rs 1,554.30 crore in Q1FY16 came down to Rs 1,462 crore in Q1FY17 and further reached to three-digit to Rs 367.3 crore in Q1FY18. 

Five things you need to know about Bharti Airtel’s Q1 result

  • Bharti Airtel's net income drops by 75% as Jio disrupts profits
  • Will RJio once again pull Bharti Airtel's revenues down in Q1FY18?
  • Telecom sector seeks deferral of spectrum payment from Govt