Bharti net up 51% in 2005-06

Posted on | April 29, 2006 |

Bharti announced its results for FY 2005-06, reporting a 51% rise in net profit to Rs 2258 crore and growth in revenue by 46% over the previous year to Rs 11,663 crore.

With a market capitalisation of Rs 76,000 crore ($16.9 billion), Bharti Tele closed at a price of Rs 407.95 on the BSE.

Bharti’s mobile user base rose 78% on year to 1.96 crore at the end of March, the highest ever net addition of 91 lakh customers in a year. Even during the last quarter, the company added 34 lakh customers, which is also the highest ever in any single quarter. Total users including fixed-line customers — surged 77% to 2.09 crore.

Comments