Bharti Airtel , country's largest telecom operator, has reported a fall of more than 13% (QoQ) in profits for first quarter of FY12. During the period, consolidated net profit of the company declined to Rs 1,215 crore as against Rs 1400.7 crore in the previous quarter.
Consolidated net sales increased over 4% to Rs 16,975 crore from Rs 16,260 crore quarter-on-quarter.
Consolidated EBITDA margin improved a bit to 33.6% in the April-June quarter of 2011 as against 33.5% in same quarter the previous year.
Minutes of usage went up by 5% quarter-on-quarter. Total customer base of the Bharti Airtel stood at 230.8 million.
Revenues from African arm on the consolidated basis jumped 6% (QoQ) to USD 979 million from USD 924 million.
African subsidiary reported a net loss of Rs 302 crore in the quarter ended June 2011 due to higher interest outgo.
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