Bharti Airtel reports revenue, net profit increases for quarter and full year

29 Apr 2009

India’s Bharti Airtel has revealed a 26% increase in revenue for the three months ended 31 March 2009 (its fiscal fourth quarter) to INR98.25 billion (USD1.94 billion), while revenue for the twelve-month period rose 37% to INR369.62 billion. The results come on the back of record subscriber growth for the cellco, as it reported net adds in January-March totalled 8.379 million, with full-year additions at 32.4 million. Net profit for the company also rose by 21% year-on-year to INR22.39 billion for the fourth quarter, while for the full-year it reported net profit at INR84.7 billion, up 26% compared to a year earlier. Commenting on the results, Sunil Bharti Mittal, Bharti’s chairman and managing director, said: ‘Our focus on rural penetration and customer affordability has been instrumental in delivering this strong growth. The India growth story continues and we expect revival of the economy in the second half of this fiscal year.’

India, Bharti Airtel