Bharti Airtel, a leading integrated telecommunications company, today reported a jump of 2.15 times in consolidated quarterly profit.

During the quarter, the consolidated net profit was at Rs 6.10 billion for the quarter ended Dec. 31, 2013 as compared to Rs 2.84 billion in the same period last year.
 
Consolidated total sales was at Rs 219.61 billion for the quarter ended Dec. 31, 2013 as compared to Rs 193.8 billion in the same period last year, representing an increase of 13.34%.

Consolidated mobile internet revenues at Rs 17.36 billion grew by 105.2% Y-o-Y, accounting for more than one-third of the overall incremental revenue.

Consolidated EBITDA at Rs 70.93 billion grew by 22.8% Y-o-Y, with margin expanding to 32.3% from 29.8% from the corresponding quarter last year led by improved operational performance in India, which expanded EBITDA margin by 4.4% Y-o-Y.

The company's consolidated net debt has reduced to USD 9,313 million resulting in the net debt to EBITDA ratio (LTM) improving to 2.06 times as compared to 2.20 times at the end of the previous quarter.

Gopal Vittal, JMD and CEO, India Operations, Bharti Airtel, said, ''Our efforts over the last 12 months to improve the quality of customer acquisitions have resulted in significant reduction in customer churn. Our focus on superior internet experience has resulted in increased data adoption and usage. Data is now a huge source of revenue growth.''

Manoj Kohli, MD and CEO, International Operations, Bharti Airtel, said, ''The International operations continued to achieve steady revenue growth. Africa had another quarter of strong growth from the 3G/Data and Airtel Money services across all its markets and we expect this trend to sustain due to large investments in brand & network. The market growth came back in Nigeria which is the largest telecom market in the continent.''