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Bharti Airtel

April 25th, 2008

India’s leading mobile telecommunications company Bharti Airtel has come up with a set of decent quartely numbers beating market expectations. The company announced a growth of 46% for FY 2008.

Highlights for Full Year ended March 31, 2008

* Overall customer base crosses 6.4 crore.
* Highest ever-net addition of 2.5 crore customers in a year.
* Market leader with a market share of all India wireless subscribers at 23.8%(22.4% last year)
* Total Revenues of Rs. 27,025 crore (up 46% Y-o-Y)
* EBITDA of Rs. 11,372 crore (up 53% Y-o-Y).
* Cash Profit of Rs. 11,137 crore (up 52% Y-o-Y).
* Net Income of Rs. 6,701 crore (up 57% Y-o-Y).

The stock markets have taken the news positive. The stock has just crossed the Rs. 900 mark. Other telecom stocks including rival Reliance Communications and IDEA are trading positive today.

Entry Filed under: Telecom