Bharti Airtel Net Down 31.48 Pc At Rs 1400.7 Cr In Fourth Quarter

Telecom major Bharti Airtel has posted a net profit of Rs 1400.7 crore for the quarter ended March 31, 2011, a decrease of 31.48 percent from Rs 2044.4 crore net is written in the same quarter last year .

The result was a weakening of the higher cash flow from its operations in Africa. However, the company's total revenue grew by 51.32 per cent to Rs 16,265.4 crore in the March quarter, compared to R 10,749 crore during the year, reports PTI.

The net profit of Rs 6.047 crore, was down 32.6 percent from Rs 8,977 crore the previous year due to increased net interest outgo (Rs 1.480 crore), the forex losses Adjustment inflation (Rs 683 crore), the cost of re-branding (Rs 340 crore) and an increase in charges for spectrum management in India (Rs 265 crore), the company said.

For the full year, net income of Bharti Airtel fell 32.64 percent to 6,046.7 million rupees R, against R 8,976.8 crore in FY'10. Total revenues for the year 2010-11 amounted to Rs 59,467 crore, against Rs 41.847 million rupees in FY'10, compared to 42.1 percent.

average income per person of the company (ARPU) was at Rs 194 in the March quarter, compared to Rs 198 in the December quarter. The Committee has recommended a dividend of Re 1 per share in the Rs 5 each for the fiscal year 2010-11.