Bharti net profit past Rs 500 cr

Private telecom company Bharti Televentures on Tuesday announced a 70 per cent jump in net profit at Rs 510 crore for the quarter ended June...

Private telecom company Bharti Televentures on Tuesday announced a 70 per cent jump in net profit at Rs 510 crore for the quarter ended June 30, 2005, mainly riding on the back of its increasing subscriber base.

The company’s consolidated revenue for the quarter was up 48 per cent year-on-year to Rs 2,517 crore over the same period a year ago in the world’s fastest growing wireless market, according to the US GAAP-based results announced by the company on Tuesday.

It also added the highest ever net subscribers of 13.5 lakh customers in a single quarter (between April-June).

Story continues below this ad

Bharti is the leader in terms of all-India cellular subscriber base, with a 21.5 per cent market share.

However, the company saw a minor dip in its margins. It was attributed to regulatory changes in terms of tariffs, which has hit the long distance and enterprise business revenues.

The company’s Ebitda (earnings before interest, tax, depreciation and amortisation) fell marginally to 37.4 per cent from 37.6 per cent in the last quarter of the previous fiscal. Ebitda is a measure of cash profitability.

“There were regulatory interventions as a result of which access deficit charge came down, which affected the topline, changes in the leased line charges in the national long distance, carriage charges were reduced. So there was a temporary dip but we will be back to the normal levels soon,’’ Joint MD and CFO BTVL, Akhil Gupta said on Tuesday.

exporters not lose market share, labour-intensive exporters, india us trade deal, Trump Tariffs, trump tariff impositions, India-US ties, trade war, us trade war, donald trump, reciprocal tariffs, Trump India trade deal, India US tariff cuts, Trump India tariffs announcement, India US trade agreement, Modi Trump trade talks, India US economic relations, India lowers tariffs for US, US India trade negotiations, Trump Modi tariff deal, India US import export policy, Trump on India tariffs, US India business ties, trade war India US, India trade policy changes, India US tariff reduction, Indian express news, current affairs

On Govt table: How to help exporters not lose market share due to 50% US tariff

Business15 min ago

The Indian government is implementing strategies to protect its market share from the impact of high US tariffs. This includes providing support to exporters through subsidies, loans, and credit guarantees, as well as helping them access domestic buyers. However, India's export growth to US is lower compared to its competitors, and the situation may worsen with additional tariffs on Russian oil.

View all shorts

Live Blog