Bharti Airtel fourth quarter net profit surges 89 per cent

Bharti Airtel, on Tuesday, said its net profit in 2013-14 went up by 21.8 per cent to Rs.2,773 crore from Rs.2,276 crore in the previous fiscal, while its revenue saw an increase of 11.5 per cent at Rs.85,746 crore. Jump in mobile data usage and DTH operations led to increase in profit and revenues, the company said.

For the quarter ended March 31, 2014, the company recorded an 89 per cent jump in its net profit at Rs.962 crore against Rs.509 crore in the year-ago period, mainly on rise in call charges and higher revenue from data business. Total revenue for the January-March quarter went up by 13.5 per cent to Rs.22,219 crore.

“Consolidated mobile data revenues, at Rs.1,900 crore, grew by 93.4 per cent year-on-year, accounting for more than one-third of the growth... Mobile data revenue, at Rs.1,325 crore, registered a growth of 89.2 per cent year-on-year while telemedia, DTH and Airtel Business registered double-digit revenue growth,” the company said in a statement.

Annual consolidated revenues were mainly driven by mobile data (up 96.3 per cent), DTH (27.5 per cent), Airtel Business (19.1 per cent) and South Asia (41.2 per cent).

“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,” said Bharti Airtel Managing Director and CEO (India & South Asia) Gopal Vittal.

TVS Motor Company

TVS Motor Company has posted a net profit of Rs.52.1 crore for the quarter ended March 31, 2014, against a loss of Rs.32.70 crore in the year-ago period, driven by strong operating performance on the back of robust export volumes and sales momentum for its new scooter.

Its total revenue rose 21 per cent year-on-year to Rs.2,156 crore from Rs.1,775.2 crore.

Profit from operations increased to Rs.101 crore from Rs.63 crore. It incurred an exceptional loss of Rs.33 crore (from Rs.91.6 crore y-o-y) on provision for its European subsidiary.

For the year ended March 31, 2014, the net profit has risen to Rs.262 crore from Rs.116 crore in 2012-13. Total revenue increased by 11 per cent to Rs.7,962 crore. Total exports stood at 3.09 lakh units, up from 2.45 lakh units in 2012-13. Profit from operations grew by 38 per cent to Rs.351 crore from Rs.254 crore. The board has declared a second interim dividend of 75 paise per share for 2013-14.

Shriram Transport Finance Company Shriram Transport Finance Company Limited (STFC) has announced a net profit of Rs.1,264.21 crore for the year ended March 31, 2014, against Rs.1,360.62 crore in the corresponding period in the previous year. Net interest income stood at Rs.3,647.89 crore against Rs.3,453.61 crore.

The company has proposed a final dividend of Rs. 4 (40 per cent) per share. This is in addition to the interim dividend of Rs.3 (30 per cent) per share declared on October 29, 2013 making the total dividend of Rs.7 (70 per cent) per share, the same as previously.