Bharti Airtel announces un-audited results for the first quarter ended June 30, 2006

Bharti Airtel announces un-audited results for the first quarter ended June 30, 2006

Bharti Airtel Limited (“Bharti” or “the company”) today announced its un-audited results for its first quarter ended June 30, 2006. It has once again maintained its strong growth momentum as it announced its operational and financial results.

The consolidated total revenues for the quarter ended June 30, 2006 of Rs. 3,856 crore grew by 53% and EBITDA of Rs. 1,502 crore grew by 60% on a year on year basis. The cash profit from operations of Rs. 1,333 crore grew by 44% over the corresponding quarter last year. The net profit during the quarter ended June 30, 2006 was Rs. 755 crore, a growth of 48% from the corresponding quarter of last year.

Bharti had over 2.45 crore customers, as on June 30, 2006, an increase in the total customer base of 86%, over the corresponding period last year and maintained its leadership position through an improved market share of all India mobile subscribers at 22.5% as on June 30, 2006.

Commenting on the results and performance, Mr. Sunil Bharti Mittal, Chairman & Managing Director, Bharti Airtel Limited, said, “The Indian telecom sector continues to demonstrate a strong growth led by the mobile segment, crossing the 100 million subscriber mark this past quarter. The Company has started the year well with strong operational and financial performance and, under the new management structure we are confident that the growth momentum would be sustained.”

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