Bharti Airtel Limited, a leading integrated telecommunications company with operations in 20 countries across Asia and Africa on Wednesday reported a fall of 28.19 per cent in consolidated net profit at Rs 1,006 crore for the fourth quarter ended March 31. This is company’s ninth straight quarterly profit decline.
Total revenue of the company, however, was up by 15 per cent at Rs 18,729 crore for the March quarter, compared to Rs 1,293 crore in the year ago period.
For the full year ended March, 2012, Bharti airtel’s net profit was down by 29.6 per cent at Rs 4,259 crore, compared to Rs 6,047 crore in 2010-11.
The consolidated net income was impacted by higher costs on account of 3G licence fee amortisation (Rs 106 crore), 3G interest cost (Rs 84 crore), forex fluctuation losses (Rs 132 crore) and tax provisions (Rs 198 crore), the company said in a statement.
"I'm pleased that the year ended with the company's customer base crossing 250 million across 20 countries. Our launch of 4G LTE, the first in India is a testimony of our commitment to the broadband agenda," Bharti Airtel CMD Sunil Bharti Mittal said.
The company is also apprehensive about the regulatory uncertainties in the country, "The recent regulatory developments in India will have significant implications on the future of telephony and broadband, as well as India's global competitiveness," he said.
“The entire industry looks to the government for a fair, transparent and sustainable telecom regime, ”Mittal said.
Total revenue for the 2011-12 fiscal stood at Rs 71,451 crore, as against Rs 59,538 crore in 2010-11, up 20 per cent.
The company’s average revenue per person (ARPU) stood at Rs 189 in the March quarter, compared to Rs 187 in the December quarter.