Bharti Q2 net rises 79% to Rs 934 cr

Leading telecom service provider, Bharti Airtel Ltd on Friday posted a 79 per cent increase in net profit at Rs 934 crore (Rs 9. 34 billion) for the quarter ended September 30 as compared to the corresponding quarter last year.

The total revenue rose to Rs 4357 crore (Rs 43.57 billion) during the second quarter in 2006-07, registering a growth of 61 per cent as compared to the same quarter last year, the company said.

For the half year ended September 30, the company reported a revenue of Rs 8214 crore (Rs 82.14 billion), up 57 per cent from the same period last year.

The net profit for the half year grew 64 per cent to Rs 1689 crore (Rs 16.89 billion) as compared to the year-ago period.

The company has added 41.1 lakh customers in the second quarter this year, the highest ever, and reported a growth of 90 per cent year-on-year in customer additions.

The company said its total subscriber base was 2.86 crore (28.6 million) and it had a 21.4 per cent share of the mobile market.