Business Daily from THE HINDU group of publications
Thursday, Apr 30, 2009
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Business Daily from THE HINDU group of publications Thursday, Apr 30, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Financial Performance Corporate Results - Telecommunications Info-Tech - Financial Performance
Profit rises: Mr Manoj Kohli, CEO & Joint Managing Director, Bharti Airtel Ltd, and Mr Akhil Gupta, Deputy Group CEO and Managing Director, Bharti Enterprises, at a press conference in the Capital on Wednesday. Our Bureau New Delhi, April 29 Bharti Airtel Ltd reported a 21 per cent increase in its net profit to Rs 2,239 crore for the fourth quarter ended March 31, 2009 compared with Rs 1,853 crore for the previous quarter last year. It saw the highest ever net additions in a single quarter with 83.79 lakh new subscribers during the Jan-March period. Total revenues increased 26 per cent to Rs 9,825 crore from Rs 7,819 crore. The company declared its maiden dividend of 20 per cent of face value for the year. Further, the company has proposed sub-division of existing equity shares of Rs 10 each into two equity shares of Rs 5 each. The average revenue per user (ARPU) for its mobile services declined 15 per cent from Rs 324 a month in March 2008 to Rs 305 in March 2009. Its ARPU is, however, higher than the industry average of Rs 220 a month. Minutes of usage have increased from 89,058 million in March 2008 to 1,30,669 million by March 2009. Total subscriber base has grown from 64.2 million to 96.6 million. The company said it plans to invest $3 billion during 2009-10. Its share price increased 3.25 per cent to close at Rs 749.30 on the BSE. Bharti Q3 net rises 25% on record subscriber additions Mobile additions continue to be prime-mover Bharti’s Q2 profit up 27% More Stories on : Financial Performance | Telecommunications | Financial Performance | Bharti Tele-Ventures Ltd
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