Bharti Airtel revenue growth up 46% to Rs. 27,000 crore

Bharti Airtel Ltd., presented its audited US GAAP results for its fourth quarter and full year ended March 31, 2008.

The consolidated total revenue for the quarter ended March 31, 2008 of Rs. 7,819 crore grew by 45% and EBITDA of Rs. 3,252 crore grew by 45% on a year on year basis. The cash profit from operations of Rs. 3,036 crore grew by 38% over last year. The net income for the quarter ended March 31, 2008 was Rs. 1,853 crore, a growth of 37% over last year.

The revenue and net income for the full year ended March 31, 2008 was Rs. 27,025 crore and Rs. 6,701 crore, a growth of 46% and 57% over the same period last year.

Bharti had 6.4 crore subscribers, as on March 31, 2008, an increase in the total subscriber base of 65%, over the corresponding period last year and maintained its leadership position through an improved market share of all India wireless subscribers at 23.8% as on March 31, 2008, up from 22.4% corresponding to the same period of last year.

Commenting on the results and performance, Chairman and Managing Director, Bharti Airtel Ltd., Sunil Bharti Mittal, said "This has been another year of record growth for the telecom industry and Bharti Airtel.

The Indian telecom story is now entering the second wave of growth, which will come from rural India.

As an industry leader we are committed to be at the forefront of this growth and take our services deeper into rural areas and provide affordable world-class services to customers, he said.