{"id":74487,"date":"2018-04-24T18:23:14","date_gmt":"2018-04-24T18:23:14","guid":{"rendered":"http:\/\/www.bnreport.com\/airtel-consolidated-4q-profit-falls-78\/"},"modified":"2018-04-24T18:23:14","modified_gmt":"2018-04-24T18:23:14","slug":"airtel-consolidated-4q-profit-falls-78","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/airtel-consolidated-4q-profit-falls-78\/","title":{"rendered":"Airtel consolidated 4Q profit falls 78%"},"content":{"rendered":"

Bharti Airtels fourth-quarter net profit slumped 78%, dropping for the eighth straight quarter, stung by a mix of continued pricing aggression from Reliance Jio<\/a>, a cut in international termination rates and more subscribers rapidly moving to lower priced bundled packs. <\/p>\n

The country's largest carrier however reported a loss of Rs 652.3 crore in its operations in India<\/a> and South Asia, before exceptional items, for the quarter ended March 2018 \u2013 for the first time in 15 years \u2013 even as Africa operations showed a profit of Rs 698.7 crore. <\/p>\n

Overall, the carrier's profit fell to Rs 83 crore in the three months ended March from Rs 373.4 crore a year earlier, the Sunil<\/a> Mittal-led telco, 39.5% owned by SingTel, said in a statement Tuesday. The average profit estimated in an ET poll of analysts was Rs 1.4 crore. The companys profit in the October-December period was Rs 306 crore. <\/p>\n

The average profit estimated in an ET poll of analysts was Rs 1.4 crore on revenue of Rs19,846 crore. <\/p>\n

Consolidated revenue fell 5.4% on-year to Rs 19,634 crore as data and voice rates fell. It was Rs 21,777 crore in the quarter ended September. <\/p>\n

In India operations specifically, revenue for the quarter fell 13% on-year to Rs 14,795 crore while earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 22% to Rs 5,237.2 crore. Earnings before interest and tax (EBIT) fell by 61% to Rs 1,013 crore, and operating free cash flow<\/a> showed a sharper decline of 84% to Rs 615 crore for quarter ended March 2018. <\/p>\n

\u201cThe telecom industry continues to witness below cost, artificially suppressed pricing. Industry revenues were further adversely impacted this quarter due to the reduction in international termination rates,\u201d Gopal Vittal, MD & CEO, India & South Asia at Airtel<\/a>, said in the statement. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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Bharti Airtels fourth-quarter net profit slumped 78%, droppi..<\/p>\n","protected":false},"author":1,"featured_media":74488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-74487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nAirtel consolidated 4Q profit falls 78% - Business News Report<\/title>\n<meta name=\"description\" content=\"Bharti Airtels fourth-quarter net profit slumped 78%, droppi..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/airtel-consolidated-4q-profit-falls-78\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Airtel consolidated 4Q profit falls 78% - 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