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Bharti Airtel Q3 net up 38.34 per cent

Bharti Airtel said its net profit for Q3 ended Dec 31 rose by 38.34 pct to Rs 1,976.41 crore.

Written by Agencies | Mumbai | Published: January 22, 2009 9:59:29 am

Sunil Mittal-led Bharti Airtel on Thursday said its net profit for the third quarter ended December 31 rose by 38.34 per cent to Rs 1,976.41 crore.

The company had a net profit of Rs 1,428.56 crore for the same quarter in the last fiscal,Bharti Airtel said in a filing to the Bombay Stock Exchange.

Total income of the company rose to Rs 9,667.37 crore,up 39.90 per cent against Rs 6,950.14 crore for the corresponding period a year ago.

“Bharti Airtel continues to lead the telecom growth story adding customer and revenue market share despite intense competition. Bharti’s strategy of extensive roll out ahead of competition,especially in new villages,has yielded rich dividends,” Bharti Airtel Limited Chairman and Managing Director Sunil Bharti Mittal said.

For the nine month ended December 31,the company has posted a net profit of Rs 5,811.22 crore,up 29.23 per cent against Rs 4,496.53 crore for the same period last year.

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