Airtel Digital TV services Q1-2014 losses halve as compared to Q1-2013

BENGALURU: Airtel's Digital TV services business contributed Rs 490 crore or just 2.4 per cent to Bharati Airtel's (Airtel) Q1-2014 total net revenues of Rs 20,2263 crore, but its loss for the quarter at Rs115.6 crore eroded the communications services major's PAT of Rs1837.7 crore by 6.3 per cent.

The loss for Q1-2014 of Rs115.6 crore by the Digital TV services business, was however almost half (51 per cent) of the loss of Rs 226.5 crore for Q1-2013 and about 65 per cent of the Rs 178.4 crore loss reported for Q4-2013. During FY-2013, Airtel's Digital TV services business's reported loss was Rs 810.5 crore.

Consequently, its capital employed (segment's assets minus segment's losses) has eroded 34.5 per cent to Rs (-2.946.8) crore in Q1-2014 from Rs (-2,190.4) crore in Q1-2013 and by 4.7 per cent from Rs (-2,813.8) crore for Q4-2103.

Revenues from Airtel's Digital TV services business for Q1-2014 grew 34 per cent from Rs 365.8 crore in Q1-2013 to Rs 490 crore mentioned above and by 10.9 per cent as compared to Rs 441.9 crore reported for Q4-2013. During FY-2013, Airtel's Digital TV services business had revenues of Rs1,629.5 crore.

Airtel has reported a 14.2 per cent growth in its customer base for its Digital TV services from 7.4 million in Q1-2013 to 8.452 million in Q1-2014 and a 4.35 per cent growth from the 8.1 million reported for Q4-2013.

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