Bharti 3Q: net profit doubles as wireless base jumps to 32 million

23 Jan 2007

Bharti Airtel, India’s largest wireless operator, has reported that its 3Q net profit more than doubled to INR12.15 billion (USD275 million) in the three months ended 31 December 2006, up from INR5.45 billion rupees a year earlier. Sales rose by 62% to INR49.1 billion while EBITDA margin jumped to 40.8% from 37%. Bharti’s wireless unit accounted for three-quarters of sales, with the remainder coming from fixed line and broadband services, as well as the operation of a fibre-optic cable network used for long-distance and international calls. At the end of the year the company claimed 31.97 million wireless subscribers, up from 16.3 million at the end of 2005 and representing an increase of 4.91 million in the 3Q alone. The company also added 107,000 customers to its fixed line and high speed internet services, ending the quarter with almost 1.74 million users.

India, Bharti Airtel