Bharti Airtel on Thursday reported a decline of 49.4% in net profit in fourth quarter. The company said net income was cut by higher net interest costs and a tax charge.

It said its net profit for the three months ended March fell to Rs 509 crore ($94.76 million) from 10.06 billion rupees a year earlier. Consolidated sales rose 9.2% to 204.48 billion rupees, report agencies.
 
Q4 ARPU stood at Rs 193. Revenues from Africa market was at Rs 6,065 crore against Rs 6,169.4 crore, Q-o-Q. Africa EBIDTA margin stood at 25.4 per cent vs 26.55 per cent.
 
Bharti Chairman Sunil Bharti Mittal said conditions in the Indian telecom market have started improving, with higher-revenue-contributing subscribers and stable tariffs.
 
Bharti Airtel said that The company also said its unit Bharti Airtel Holdings Singapore Pte. Ltd. has agreed to buy the remaining 30% stake in Airtel Bangladesh Ltd. that it doesn't already own from its partner Abu Dhabi-based Warid Telecom.
 
Commenting on the results Sunil Bharti Mittal, Chairman & Managing Director, Bharti Airtel, said: "I am pleased to see that market corrections have started with improvements in the quality of customer acquisitions, and that pricing stability is returning to the sector in India. With Africa over its peak of organic investments we are optimistic about the potential for improved market shares and margin expansions, finally, on the data front, we are now witnessing consistent quarter on quarter growth across all geographies."

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