Bharti Airtel Limited: Q3 Revenue at Rs. 4,913 Cr (~US$ 1.1 Billion), Q3 EBITDA crosses Rs. 2,000 Cr, Q3 PAT exceeds Rs. 1,200 Cr

Bharti Airtel Limited: Q3 Revenue at Rs. 4,913 Cr (~US$ 1.1 Billion), Q3 EBITDA crosses Rs. 2,000 Cr, Q3 PAT exceeds Rs. 1,200 Cr

Bharti Airtel Limited (“Bharti” or “the company”) today announced its US GAAP results for its third quarter and nine months ended December 31, 2006. It has once again maintained its strong growth momentum. The consolidated total revenues for the quarter ended December 31, 2006 of Rs. 4,913 crore grew by 62% and EBITDA of Rs. 2,005 crore grew by 79% on a year on year basis.

The cash profit from operations of Rs. 2,137 crore grew by 108% over the corresponding quarter last year. The net profit for the quarter ended December 31, 2006 was Rs. 1,215 crore, a growth of 123% over the corresponding quarter last year. The revenues & net profit for the nine months ended December 31, 2006 was Rs.13,126 crore and Rs. 2,904 crore, a growth of 59% & 84% respectively, over the same period last year.

Bharti had over 3.37 crore customers, as on December 31, 2006, an increase in the total customer base of 92%, over the corresponding period last year and maintained its leadership position through an improved market share of all India mobile subscribers at 21.8% as on December 31, 2006. Commenting on the results and performance, Mr. Sunil Bharti Mittal, Chairman & Managing Director, Bharti Airtel Limited, said, “Demand for telecom services continues to be robust across all segments, led by a buoyant economy. In particular, the wireless segment has seen record additions and we believe that this trend is likely to continue. Bharti Airtel, with its integrated product portfolio and all India network, has delivered yet another quarter of strong performance and further consolidated its leadership position.”

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