Airtel Q3 net slumps 72%, 4G customers increase

Chennai: Country’s largest telecom player by revenue market share, Bharti Airtel has announced its third quarter results for the financial year 2019. As per the results Airtel’s Q3 net profit declined by 72 per cent compared to the same period a year ago.

In Q3, 2019, Airtel made Rs 86 crore as profit on consolidated basis whereas in Q3 last year the company had pocket a net profit of Rs 306 crore. On a quarter-over-quarter comparison, the Sunil Mittal-led firm had posted profits of Rs 119 crore.

Revenues stood at Rs 20,519 crore with one per cent growth from the corresponding quarter a year ago. In Q3 2017, Airtel’s consolidated revenue was Rs 20,319 crore.

India revenues for Q3 stood at Rs 14,768 crore while mobile revenues have witnessed a y-o-y de-growth of four per cent. Digital TV revenue witnessed a growth of 7.1 per cent y-o-y and Airtel Business witnessed a growth of 10.9 per cent.

Airtel states that mobile data traffic almost tripled to 3,217 bn MBs in the quarter as compared to 1,106 bn MBs in the corresponding quarter last year. Mobile 4G data customers increased by 112 per cent to 77.1 Mn from 36.4 Mn in the corresponding quarter last year.

NT Bureau