Bharti Airtel has reported a whopping 98% increase in its fourth quarter net profit at Rs 1,353 crore as its revenue increased by 58% to Rs 5393 crore. For the year ended March 2007, Bharti’s net profit increased 89% to Rs 4,257 crore while sales rose 59% to touch 18,520 crore.
Bharti chairman and MD, Sunil Mittal:
Hutch has given us the highest quality of competition and I don’t see Vodafone being any different. Despite competition, our marketshare has gone up significantly to 22.9% from 20.4% last year and we have also been able to increase our operating margin…
As we move forward into the coming years, I am very confident that India will have 500 million mobile phones by 2010
- Bharti Airtel added the highest ever net addition of 53 lakh customers in a single quarter (Q4-FY0607) and also the highest ever net addition of 1.8 crore total subscribers in 2006-07
- The company will invest up to $3.5 billion this fiscal (07-08) in network expansion.
- It has a installed base of 40,000 cellsites and 59% population coverage
- After the proposed network expansion, an additional 30,000 towers will result in the company achieving 70% population coverage
- Bharti has over 39 million users as on March 31, 2007
- It has set a target of 125 million subscribers by 2010
- Prepaid customers account for 88.5% of Bharti’s total subscriber base, an increase from 82.7% a year ago
- ARPU has dropped to Rs 406
- Non-voice revenues, (SMS, voice mail, call management, hello tunes and Airtel Live) constituted 10% of total revenues during Q4, lower than 10.7% in the Q4 of the previous year
- Blended monthly minutes of usage per customer in Q4 was at 475 minutes
- Has completed 100% verification of its subscribers and in the process disconnected three lakh subscribers