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Bharti Airtel Q2 net jumps 87 pc at Rs 1,644 cr
Wednesday, October 31, 2007 19:05 [IST]

New Delhi: Bharti Airtel today posted a 87.04 per cent jump in its consolidated net profit at Rs 1,643.76 crore for the second quarter ended September 30, even as the market share in wireless segment rose to 23.4 per cent.

The total income of the group increased 46.38 per cent to Rs 6,386.73 crore for the quarter. The standalone net profit of Bharti Airtel surged 82.26 per cent to Rs 1,619.15 crore for the April-September period, while the revenue increased 45.23 per cent to Rs 6,118.53 crore. "The quarter has seen telecom growth accelerate further, clearly demonstrating that the Indian telecom market still has a long way to go to achieve its full potential. Bharti Airtel also crossed the 50-million customer mark to enter the league of the world's top telecom companies," Bharti Airtel Chairman and Managing Director Sunil Bharti Mittal said in a statement issued here.

"Going forward we see strong demand for telecom services across all segment and we are well placed to take advantage of these growth opportunities," he added. Bharti, with 5.1 crore subscribers as on September 30, captured 23.4 per cent market share in mobile services during the quarter, up by 2 per cent. Shares of the company closed at Rs 1,000.60,up 0.69 per cent, on Bombay Stock Exchange.


Source : PTI

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