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Updated: 30/10/2009 | 10:59 AM IST
Bharti Airtel Q2 net up 13% at Rs 2,321 cr
Press Trust of India
Friday, October 30, 2009 (Mumbai)
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The country's largest private telecom company, Bharti Airtel, today posted a 13 per cent rise in net profit at Rs 2,321 crore for the second quarter ended September 30, 2009.

The revenue, as per the US accounting rules, grew by 9 per cent to Rs 9,846 crore, Bharti Airtel said today.

The company's earnings before interest, tax, depreciation and ammortisation (EBITDA) margin improved to 42.1 per cent during second quarter, against 41 per cent in the same quarter a year ago.

The EBITDA, a benchmark of profitability, was at Rs 4,142 crore in the second quarter, up by 12 per cent over the same period last year.

The company added 82.44 lakh customers during second quarter, taking its market share in the wireless subscriber base to 23.5 per cent.

"Bharti continues to maintain the market leadership in the mobile segment, despite stiff competition," Bharti Airtel CMD Sunil Mittal said.

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