Bharti Airtel, a leading integrated telecommunications company announced on Tuesday a rise in first quarter profit of 60.91% to Rs 11.09 billion for the quarter ended Jun. 30, 2014 as compared to net profit Rs 6.89 billion in the same period last year.

Consolidated net sales was at Rs 229.62 billion for the quarter ended Jun. 30, 2014 as compared to Rs 202.64 billion in the same period last year, representing an increase of 13.31%.

Consolidated EBITDA stood at Rs 77.2 billion, up by 18% Y-o-Y while EBITDA margin went up 1.3% Y-o-Y.

Commenting on the financial performance, Gopal Vittal, MD and CEO, India & South Asia said, "Our revenue momentum in India has been sustained during Q1 with a growth of 11.8%. While the pace across all segments has been satisfying, Mobile data and DTH stood out with growths of 68.2% and 20.7% respectively. The industry awaits more 3G spectrum being made available even as we look forward to the implementation of policies relating to spectrum sharing and trading. These have become essential to deliver sustained broadband growth and high quality service."

Christian de Faria, MD and CEO, Africa, said, "Telecoms are back to growth in Africa, this time spearheaded by internet and mobile money. Airtel has grown by 12.1% in constant currency terms, with exceptional performance in Mobile Data (+85.5%). Airtel Money transaction values have increased by 4.9 times to US$ 2.2 Bn in this quarter. With Niger and Tchad having obtained licences, we will now have 3G presence in all 17 countries. Our investments in licences, networks and marketing are directed towards sustaining double-digit revenue growth."

Shares of the company declined Rs 0.3, or 0.08%, to settle at Rs 354.35. The total volume of shares traded was 186,525 at the BSE (Monday).