Bharti Airtel, India's top mobile phone carrier, on Thursday reported a bigger-than-expected 31.5% fall in quarterly profit, hit by losses at its African operations.
The company’s net profit for the quarter ended March 31, 2011 has decline by 13.70% at Rs 1837.90 crore as compared to Rs 2129.70 crore for the quarter ended March 31, 2010. Its total income has increased by 10.20% at Rs 9856.60 crore for the quarter under review from Rs 8944.30 crore in the corresponding previous quarter.
The company has registered fall of 18.13% in its net profit for the year ended March 31, 2011 at Rs 7716.90 crore as compared to Rs 9426.20 crore for the year ended March 31, 2010. Its total income has increased by 6.80% at Rs 38128.70 crore for the year from Rs 35699.20 crore in previous year.
On consolidated basis, the group’s net profit for the quarter ended March 31, 2011 was down by 31.49% at Rs 1400.70 crore as compared to Rs 2044.40 crore for the quarter ended March 31, 2010. Total income for the quarter has increased by 51.38% at Rs 16304.20 crore as compared to Rs 10770.50 crore for the corresponding previous quarter.
For year ended March 31, 2011 on consolidated basis, the group’s net profit for the year was down by 32.64% at Rs 6046.70 crore as compared to Rs 8976.80 crore for the year ended March 31, 2010. Total income for the year has increased by 42.19% at 59601.80 crore as compared to Rs 41916.90 crore for the previous year.
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