Bharti Airtel total revenues up 45% to Rs. 6,337 crore

Bharti Airtel Limited "Bharti Airtel" announced its audited US GAAP results for its second quarter and half year ended September 30, 2007. It has again maintained its strong growth momentum.

The consolidated total revenues for the quarter ended September 30, 2007 of Rs. 6,337 crore grew by 45% and EBITDA of Rs. 2,710 crore grew by 59% on a year on year basis. The cash profit from operations of Rs. 2,597 crore grew by 58% over last year. The net profit for the quarter ended September 30, 2007 was Rs. 1,614 crore, a growth of 73% over last year.

The revenues and net profit for the first half year ended September 30, 2007 was Rs. 12,242 crore and Rs. 3,126 crore, a growth of 49% and 85% over the corresponding period last year.

Bharti had 5.1 crore customers, as on September 30, 2007, an increase in the total customer base of 78%, over the corresponding period last year and maintained its leadership position through an improved market share of all India wireless subscribers at 23.4% as on September 30, 2007, up from 21.4% compared to the same period last year.

Commenting on the results and performance, Chairman and Managing Director, Bharti Airtel Limited, Sunil Bharti Mittal said, "The quarter has seen telecom growth accelerate further, clearly demonstrating that the Indian telecom market still has a long way to go to achieve its full potential.