Sunil Mittal-promoted Bharti on Friday reported an over nine-fold jump in its net profit to Rs 296 crore (Rs 2,960 million) in the first quarter ended June 30 compared to Rs 31 crore (Rs 310 million) for the corresponding quarter last fiscal.
The company's consolidated revenues in the first quarter rose 65 per cent to Rs 1705 crore (Rs 17.05 billion).
The total customer base of the company was up 100 per cent at 83.7 lakh (8.37 million).
"Bharti's strong performance during the first quarter of 2004-05 has once again demonstrated its ability to maximise the full benefits of scale and size," Sunil Mittal, chairman and group CMD, said.
Bharti had joined the billionaire's club of revenue with a little over Rs 5,000 crore (Rs 50 billion) in FY04. It also had made a net profit of over Rs 600 crore (Rs 6 billion) in 2003-04.