Highlights for First Quarter ended June 30, 2006
The consolidated total revenues for the quarter ended June 30, 2006 of Rs. 3,856 crore grew by 53% and EBITDA of Rs. 1,502 crore grew by 60% on a year on year basis. The cash profit from operations of Rs. 1,333 crore grew by 44% over the corresponding quarter last year. The net profit during the quarter ended June 30, 2006 was Rs. 755 crore, a growth of 48% from the corresponding quarter of last year.
Bharti had over 2.45 crore customers, as on June 30, 2006, an increase in the total customer base of 86%, over the corresponding period last year and maintained its leadership position through an improved market share of all India mobile subscribers at 22.5% as on June 30, 2006.
Commenting on the results and performance, Mr. Sunil Bharti Mittal, Chairman & Managing Director, Bharti Airtel Limited, said, “The Indian telecom sector continues to demonstrate a strong growth led by the mobile segment, crossing the 100 million subscriber mark this past quarter. The Company has started the year well with strong operational and financial performance and, under the new management structure we are confident that the growth momentum would be sustained.”
Bharti Airtel Ltd (Consolidated)
- Summary of Consolidated Financial Statements (Un-audited) - represents
Consolidated Statement of Income as per United States Generally Accepted
Accounting Principles (US GAAP)
Disclaimer:
(Amount in Rs. crore, except
rations)
Particulars
Quarter Ended
Y-o-Y
June 2006
June 2005
Growth
Total revenues
3,856
2,517
53%
EBITDA
1,502
941
60%
Cash profit from operations
1,333
926
44%
Earnings/(loss) before taxation
860
598
44%
Net profit / (loss)
755
510
48%
EBITDA / Total revenues
39.00%
37.40%
Operating Highlights
(Figures in nos., except
rations)
Parameters
Unit
March. 31,
Dec. 31,
Q-on-Q
March 31,
Y-on-Y
2006
2005
Growth
2005
Growth
Customers on our Network
Mobile Services
000's
23,073
19,579
18%
12,256
88%
Broadband & Telephone Services
000's
1,505
1,347
12%
935
61%
Total
000's
24,577
20,926
17%
13,191
86%
About Bharti Airtel Limited
Bharti Airtel Limited is
one of India’s leading private sector providers of telecommunications services
with an aggregate of 24.5 million customers as of end of June 2006, consisting
of more than 23.0 million mobile customers. The company was the first private
operator to provide mobile services in all the 23 circles in India. The
company also provides telephone services and Internet access over DSL in
92 cities. The company complements its mobile, broadband & telephone
services with national and international long distance services. The company
also has a submarine cable landing station at Chennai, which connects the
submarine cable (owned by an associate company) connecting Chennai and
Singapore. The company is a part of the consortium, which jointly owns
and has developed the next generation undersea cable system SEA-ME-WE-4.
The company provides reliable end-to-end data and enterprise services to
the corporate customers by leveraging its nationwide fiber optic backbone,
last mile connectivity in fixed-line and mobile circles, VSATs, ISP and
international bandwidth access through the gateways and landing station.
For more information, visit http://www.bhartiairtel.in
[This communication does
not constitute an offer of securities for sale in the United States. Securities
may not be sold in the United States absent registration or an exemption
from registration under the U.S. Securities Act of 1933, as amended.
Any public offering of securities to be made in the United States will
be made by means of a prospectus and will contain detailed information
about the Company and its management, as well as financial statements.]