Bharti airtel Q1 results & ABB Q2 results

Bharti Airtel Q1 net up 11.75% at Rs 1512cr

Bharti Airtel has come out with first quarter results. The company has posted consolidated growth of 11.75% in its first quarter net profit of Rs 1512 crore (Rs 15.12 billion) as against Rs 1,353 crore (Rs 13.53 billion) in the previous quarter.

Revenue increased by 9.56% to Rs 5909 crore (Rs 59.09 billion) versus Rs 5,393.2 crore in earlier quarter. EBITDA margin stood at 41.4%.ARPU (average revenue per user) also declined to Rs 390 from Rs 406 QoQ.Topline and EBITDA is below the expectations and profits were boosted by forex gains. Bharti Airtel's forex gain was at Rs 239 crore.Its net profit stood at Rs 1,273 crore excluding Forex Gains.

Revenues per minute also decreased to 81 paise compared to 85 paise in the previous quarter.Bharti Airtel posted wireless margin at 40.6% and Infotel margin at 34.8% in first quarter. Infotel margins were hit by volatility in enterprise margins.

ABB Q2 net profit up at Rs 108.6 cr
ABB has announced its second quarter results. The company's Q2 net profit was up at Rs 108.6 crore (Rs 1.08 billion) versus Rs 71.9 crore (Rs 719 million).

Its revenues were up at Rs 1,416 crore (Rs 14.16 billion) from Rs 974.22 crore (Rs 9.74 billion).The company's order inflow at Rs 1,996 crore. It has order backlog at Rs Rs 4,636 crore.