Customer base increases 42% on year ago quarter
Bharti Airtel has reported total revenues of INR98.46 billion for the second quarter of 2009, an increase of 9% compared to INR90.2 billion for the same period last year. For the first half of the year, revenues totalled INR197.87 billion, an increase of 13% compared to INR175.04 billion.
For the quarter ended September 30, 2009, EBITDA was INR41.4 billion, an increase of 12% compared to INR36.9 billion for the third quarter of 2008. For the first half, EBITDA totalled INR82.93 billion, an increase of 15% compared to INR72.1 billion.
The company has posted a net income of INR23.21 billion, an increase of 13% compared to INR20.46 billion for the same period last year. For the first half, net income totalled INR48.38 billion, an increase of 19% compared to INR40.71 billion for the same period last year.
The company had 113.4m customers at the end of the quarter, an increase in the total customer base by 42% compared to the same period last year. Mobile services customers grew 8% to 110.5m from 102.37m while Telemedia services customers increased 4% to 2.93m, compared to 2.51m for the same period last year.
Sunil Mittal, chairman and MD of Bharti Airtel, said: “The Telemedia and Enterprise segments have created new revenue streams, especially in the data business. In the near term, we are ready to face the challenges posed by heightened competition. We are confident of emerging winners through our superior offerings by way of robust network, innovative services, far-reaching distribution, world-class partners, motivated employees and a strong balance sheet.”