Bharti Airtel's revenue crosses Rs 9000 crore
31 Oct 2008
Bharti Airtel Limited today announced its audited US GAAP results for the second quarter and half year ended 30 September 2008. It has once again maintained its strong growth momentum.
The consolidated total revenues for the quarter ended 30 September 2008 of Rs9,020 crore grew by 42 per cent and EBITDA of Rs3,699 crore grew by 37 per cent on a year on year basis. The net income for the quarter ended 30 September 2008 was Rs 2,046 crore, a growth of 27 per cent over last year.
Bharti had 7.99 crore subscribers, as on September 30, 2008, an increase in the total subscriber base of 57 per cent over the corresponding period last year and maintained its leadership position through an improved market share of all India wireless subscribers at 24.6 per cent as on September 30, 2008, up from 23.4 per cent corresponding to the same period of last year.
Commenting on the results and performance, Sunil Bharti Mittal, chairman and managing director, Bharti Airtel Limited, said, ''With record customer additions every month, Airtel continues to consolidate its leadership position in the market. The successful launch of DTH service has provided another opportunity to the brand to strengthen it's connect with the customers, while generating a new revenue stream.''