"The total revenue of the company was up by 13.5 percent at Rs.22,219 crore during the fourth quarter from Rs.19,582 crore in the corresponding period in 2012-13."
New Delhi, April 30 - Bharti Airtel will cut discounts offered on call rates because of rising operational costs, Gopal Vittal, the company's managing director and chief executive officer -, said here Wednesday.

The company may also look at raising its headline tariff to offset rising input costs. We will deter to touch headline tariff but at some point there may be some opportunity to raise headline tariffs, Vittal added.

He said the rising cost of diesel, the cost of fibre, the cost of spectrum, network cost, the cost of actual rolling out networks were adding to the total input cost of the company.

The company posted 89 percent jump in net profit in the fourth quarter - on voice and data business growth, a company statement said Tuesday.

The net profit for the fourth quarter stood at Rs.962 crore, up from Rs.509 crore posted during the corresponding period last fiscal -.

The total revenue of the company was up by 13.5 percent at Rs.22,219 crore during the fourth quarter from Rs.19,582 crore in the corresponding period in 2012-13.

The year has ended on a satisfying note, both in operational and financial terms. Network and spectrum investments, a refreshed IT strategy, innovative service platforms and an energised organisation will enable sustained growth in India and South Asia, Vittal said.


comments powered by Disqus
Read more on:
 AIRTEL (8156 views)
 SOUTH ASIA (6697 views)
 DIESEL (6061 views)
 INVESTMENT (5961 views)
 MANAGING DIRECTOR (5031 views)
 BHARTI AIRTEL (4661 views)
 THE RISING (4087 views)
 BHARTI (4051 views)
 

PERMALINK

http://www.nerve.in/news:2535002370828
You can quote the permanent link above for a direct link to the story. We do not archive or expire our news stories.


STORY OPTIONS
  Email this story to a friend
  XML feed for India


 
COPYRIGHTS INFORMATION
All rights reserved for news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.
Contact Nerve Staff for any feedback, corrections and omissions in news stories.
 

All rights reserved for the news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.