Jan 23, 2007

Bharti beats forecast; Q3 net up at Rs 1,215 cr

Bharti Tele-Ventures Ltd, India's top mobile services firm, said on Tuesday its quarterly profit rose 25 per cent as it expanded networks and captured a larger share of the world's fastest-growing mobile market.

Phone ownership is surging in Asia's third-largest economy, which has the world's cheapest local mobile call rates at less than 2 US cents a minute. In the past quarter, a range of carriers including Bharti launched lifetime pre-paid cards for a little over $20.

The company's net profit increased by 30% to Rs 1215 crore compared to Rs 933.8 crore in the previous quarter.

Its revenues was up 12.4% at Rs 4,913 crore (Rs 49.13 billion) from Rs 4,375.1 crore (Rs 43.75 billion) QoQ.

The EBITDA margin stood at 40.8%, which is highest ever in the industry.
Bharti's ARPU declined to Rs 427 versus Rs 438 QoQ. The minutes of usage stood at 467 versus 451.

Its mobile segment margins improved to 37.6% compared to 36.9% in the previous quarter.


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