Bharti Airtel posts 30% increase in Q3 profit | business | Hindustan Times
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Bharti Airtel posts 30% increase in Q3 profit

Bharti Airtel Ltd reported a 30 per cent increase in its cash profits to Rs 37.55 billion in the third quarter ended December 31.

business Updated: Jan 22, 2009 11:16 IST

Bharti Airtel Ltd on Thursday reported a 30 per cent increase in its cash profits to Rs 37.55 billion ($767 million) in the third quarter ended December 31.

The consolidated total revenue for the quarter under review grew by 38 per cent to Rs 96.33 billion. The net income was reported at Rs 21.59 billion, a growth of 25 per cent over last year.

“Bharti Airtel continues to lead the telecom growth story, adding customer and revenue market share despite intense competition,” said Chairman and Managing Director Sunil Bharti Mittal.

Bharti had 88.3 million subscribers as on December 31, an increase in the total subscriber base of 54 per cent from the same date the year before. It has maintained its leadership position through an improved market share of wireless subscribers across India at 24.7 per cent as compared to 23.6 per cent last year.