Country’s largest telecom operator Bharti Airtel (Airtel) on Wednesday reported consolidated net profit of ₹1,290 crore for the fourth quarter ended March 31, up three per cent, as compared with ₹1,255 crore in the same quarter last year.

The consolidated revenue also rose eight per cent to ₹24,960 crore during the quarter as against ₹23,016 crore in the corresponding period last year, the company said.

For the full year, the company reported consolidated net profit of ₹5,484 crore, up six per cent as compared with ₹5,183 crore in the previous financial year. Annual consolidated revenue also rose by five per cent to ₹96,532 crore over the previous year (₹92,039 crore), it said.

“Our focus on network and customers has resulted in a strong year of 12.4 per cent YoY growth. Solid execution has resulted in an acceleration of revenue market share even as our non-mobile businesses continue to grow smartly and now contribute materially to the overall Airtel growth story,” Gopal Vittal, Managing Director and Chief Executive Officer (India and South Asia), Airtel, said.

The YoY mobile data growth continues to lead, with traffic and revenues up 69.4 per cent and 44.5 per cent respectively, he said adding that voice volumes have also increased 10.8 per cent - the fastest growth in the last 18 quarters.

“With the proposed spectrum acquisitions from Videocon and Aircel, we will be the only pan-India 2G/3G/4G operator and best placed in the Industry to strengthen our leadership position,” Vittal added.

The company said its board has proposed a final dividend of ₹1.36 per share (face value of ₹5 per share) for the financial year ended March 31, subject to approval by the shareholders.

Shares of Airtel closed at ₹373.15 on the BSE on Wednesday, up 3.54 per cent from the previous close.

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Published on April 27, 2016