Growth at the country's second-largest telecom operator was restricted largely by the continuous weakness in the Africa business. Foreign exchange headwinds and an increase in expenses, mainly depreciation and amortisation and finance costs, also impacted profits.
Consolidated revenues rose 2.3% sequential to 37,899.5 crore but fell short of Bloomberg's consensus estimates of 38,051 crore. On a year-on-year basis, the company's quarterly revenues rose 5.9% while the net profit was up 54%. The revenues were impacted by the Africa business and currency devaluation of Nigerian Naira and Malawian Kwacha.
The company's consolidated Ebitda at 20,044 crore, however, surpassed estimates and rose 5.1%, from 19,665 crore in Q2FY24, helped by growth in the India business. The Ebitda margin contracted by 20 basis points to 52.9% from 53.1% in the preceding quarter.
Its India revenue was up 3% sequentially to ₹27,811 crore, while revenue from India mobile services was up 3.3% q-o-q to ₹21,639 crore.
هذه القصة مأخوذة من طبعة February 06, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 06, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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