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MUMBAI:
Bharti Airtel Limited ("Bharti Airtel" or "the company")
today announced its audited US GAAP results for its second quarter
and half year ended September 30, 2007. It has once again maintained
its strong growth momentum.
The
consolidated total revenues for the quarter ended 20 September,
2007 of Rs. 6,337 crore grew by 45 per cent and EBITDA of Rs. 2,710
crore grew by 59 per cent on a year on year basis. The cash profit
from operations of Rs. 2,597 crore grew by 58 per cent over last
year. The net profit for the quarter ended September 30, 2007 was
Rs. 1,614 crore, a growth of 73 per cent 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
per cent and 85 per cent over the same period last year respectively.
Bharti had 5.1 crore customers, as on September 30, 2007, an increase
in the total customer base of 78 per cent over the corresponding
period last year and maintained its leadership position through
an improved market share of all India wireless subscribers at 23.4
per cent as on 30 September, 2007, up from 21.4% corresponding to
the same period of last year.
Commenting
on the results and performance, Mr. Sunil Bharti Mittal, Chairman
& Managing Director, Bharti Airtel Limited, 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. Bharti Airtel also crossed the 50 million customer
mark to enter the league of the world's top telecom companies. Going
forward, we see strong demand for telecom services across all segments
and we are well placed to take advantage of these growth opportunities."Bharti
Airtel Limited - Summary of Consolidated
Financial
Statements - represents Consolidated Statement of Income as per
United States Generally Accepted Accounting Principles (US GAAP)
(Amount in Rs. Crore, except ratios) Sep 2007 Sep 2006 Sep 2007
Sep 2006.
Audited
Unaudited Audited Unaudited
Total revenues 6,337 4,357 45% 12,242 8,214 49%
EBITDA 2,710 1,702 59% 5,156 3,205 61%
Cash profit from operations 2,597 1,644 58% 5,219 2,977 75%
Income before income taxes 1,747 1,078 62% 3,637 1,938 88%
Net income 1,614 934 73% 3,126 1,689 85%
Half Year Ended Y-o-Y
Growth Quarter Ended Particulars Y-o-Y Growth
Operating
Highlights
Parameters Unit Sep 30, 2007 June 30, 2007
Q-on-Q Growth Sep 30, 2006 Y-on-Y Growth
Customers
on our Network
Mobile Services 000's 48,876 42,704 14% 27,061 81%
Broadband & Telephone Services 000's 2,075 1,972 5% 1,631 27%
Total 000's 50,951 44,676 14% 28,693 78%
(Figures in nos., except ratios).
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