Bharti Airtel has recently posted its Q4 results. If reports are to be believed, India's biggest mobile phone carrier (by subscribers), has posted ninth consecutive quarterly profit decline. this time, it has posted a decline of 28.19 percent in consolidated net income for the fourth quarter ended March 31.

It is believed, intense price competition and less foreign exchange are responsible factors.  

Sources informed, Airtel’s consolidated net profit fell to Rs 1,006 crore ($190.89 million) in the fourth quarter from Rs 1401 crore a year earlier. 

A reliable insider has informed our team that company’s net income was impacted significantly by higher costs on account of 3G license fee amortization ( Rs 106 crore), 3G interest costs (Rs 84 crore), forex fluctuation losses (Rs 132 crore) and tax provisions (Rs 198 crore). 

All in all, the revenue grew at 11.6 percent for the full year in India & South Africa, mainly contributed by stability in pricing accompanied by growth in customer numbers. 

Sunil Bharti Mittal, Chairman & Managing Director, Bharti Airtel has shared his views, he is happy that the year has ended with Airtel’s customer base crossing 250 million across twenty countries. 

To the reader’s surprise, Bharti Airtel has alone signed up over 2.5 million customers in India in Mrarch 2012.  

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