Bharti Airtel Q3 net profit down 22% at Rs 1303 cr

India's largest telecom operator Bharti Airtel has reported consolidated net profit of Rs 1,303 crore for the quarter ended December 2010, down 21.55% as compared to Rs 1,661 crore in previous quarter, on hike in interest cost. It was below the estimate - CNBC-TV18 expected net profit of Rs 1,635 crore.

Consolidated net sales went up by 3.6% to Rs 15,756 crore from Rs 15,215 on quarter-on-quarter basis.

Interest cost of the company stood at Rs 747 crore for the third quarter of FY11.

Consolidated revenue from Africa region reported at USD 911 million, up 8.7% as compared to USD 838 million in previous quarter.

Africa earning before interest, depreciation, tax and amortisation (EBIDTA) margin improved at 25.1% versus 24% (QoQ).

India and South Asia EBIDTA margin was unchanged at 37.3% (QoQ). EBIDTA margin improved slightly at 33.8% versus 33.7%.

The company's standalone net profit went down by 12.02% at Rs 1847.8 crore from Rs 2,100.3 crore while revenues increased by 2.84% at Rs 9,563.7 crore from Rs 9,299.9 crore on quarter-on-quarter basis.

Average revenue per user (ARPU) stood at Rs 198 and minutes of usage (MoU) came in at 449 minutes.

Rebranding cost incurred by company at Rs 340 crore and restatement losses at Rs 400 crore. Spectrum charges were up by Rs 80 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd