Bharti Airtel, a leading Telecom player, announced its third quarter results wherein it registered a decline of 40.62% in its net income, mainly due to the rise in spectrum charges as well as the costs recently incurred by the company for relaunching its brand. The net income decreased from INR2,194.9 crore in the third quarter of previous fiscal to INR1,303.3 crore.
However, the company's total revenues have increased from INR10,305.3 crore in the previous fiscal to INR15,576 crore, a 51.14% jump. Furthermore, the verage revenue per person (ARPU) of Bharti Airteldecreased from INR202 in the previous quarter to INR198 in this quarter.
In terms of QoQ (quarter on quarter), profit before tax of Bharti Airtel was majorly affected by brand relaunching costs, which was about INR340 crore. And in terms of YoY (year on year), the profit before tax plunged again due to higher spectrum charges and net interest outgo, which are INR80 crore and INR471 crore respectively, along with the forex losses and brand relaunching costs. The exchange losses, valued at INR151 crore, were due to the negative fluctutations in the foreign currencies in India and Africa.
On this Wednesday, the company's share prices increased by 3.52% to reach INR325.70 on Bombay Stock Exchange.
However, the company's total revenues have increased from INR10,305.3 crore in the previous fiscal to INR15,576 crore, a 51.14% jump. Furthermore, the verage revenue per person (ARPU) of Bharti Airteldecreased from INR202 in the previous quarter to INR198 in this quarter.
In terms of QoQ (quarter on quarter), profit before tax of Bharti Airtel was majorly affected by brand relaunching costs, which was about INR340 crore. And in terms of YoY (year on year), the profit before tax plunged again due to higher spectrum charges and net interest outgo, which are INR80 crore and INR471 crore respectively, along with the forex losses and brand relaunching costs. The exchange losses, valued at INR151 crore, were due to the negative fluctutations in the foreign currencies in India and Africa.
On this Wednesday, the company's share prices increased by 3.52% to reach INR325.70 on Bombay Stock Exchange.
1 comment:
Not bad results for the quarter.
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