Friday, Mar 29 2024 | Time 16:08 Hrs(IST)
image
Business Economy


Bharti Airtel Q4 profit dips 78 pc

New Delhi, Apr 24 (UNI) Country’s major telecom operator Bharti Airtel’s fourth quarter (Q4) consolidated profit dipped by 78 per cent against Rs 373 crore that the firm reported during the same quarter last year.
The company on Tuesday reported a profit of Rs 83 crore for the March quarter. In the previous quarter, it had reported a profit of Rs 306 crore, implying a dip of 72 per cent.
The company's revenue fell over 3 per cent at Rs 19,634 crore against Rs 20,318 crore in the previous quarter. On a YoY basis, the revenue has seen a fall of over 10 percent.
At an operating level, the EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) fell 7 percent (down 12 per cent year-on-year) at Rs 7,034 crore against Rs 7,587 crore QoQ, while the operating margin came in at 35.8 per cent, down from 37.3 per cent QoQ (Quarter on Quarter).
EBITDA indicates financial performance of a company.
The margin was reported at 36.4 per cent in Q4 of FY17.
Its India revenues were reported 13 per cent lower YoY at Rs 14,796 crore, while the India EBITDA was reported at Rs 5,237.2 crore, down 22 per cent YoY. The operating margin is reported at 35.4 per cent, down 390 basis points year-on-year.
The company saw overall customer base at 413.8 million. This is excluding divested units. Additionally, mobile data traffic grew to 1,616 billion MBs in the quarter.
UNI JPG SHK 2101
More News
India's core sector output rises to three-month high of 6 7 pc in February

India's core sector output rises to three-month high of 6 7 pc in February

28 Mar 2024 | 7:51 PM

New Delhi, Mar 28 (UNI) Driven primarily by coal, cement and crude oil production, India's core sector comprising of eight key infrastructure components grew 6.7% year-on-year in February 2024, as per data released by Ministry of Commerce and Industry on Thursday.

see more..

Honda Motorcycle & Scooter India achieves historic 6 cr domestic sales milestone

28 Mar 2024 | 7:19 PM

Mumbai, Mar 28 (UNI) Honda Motorcycle & Scooter India (HMSI) announced on Thursday that it has accomplished a historic achievement of 6 crore domestic sales in India. Honda ventured into the Indian market with its first two-wheeler, the Activa, in 2001.

see more..

28 Mar 2024 | 5:28 PM

UNI NK AKS.

see more..
Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

28 Mar 2024 | 5:16 PM

Rudrapur, Mar 28 (UNI) From power Back-up solutions to Batteries and Solar applications, Luminous Power Technologies on Thursday announced the launch of its state-of-the-art solar panel manufacturing facility here.

see more..

Kottayam-Kochi Rubber Market rates

28 Mar 2024 | 5:04 PM

Kottayam, Mar 28 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Thursday per quintal.

see more..
image