Bharti-Airtel which recently crossed 25 million subscribers mark has reported outstanding quarterly profits for the quarter ending June-30th. Quarterly sales were up 53 percent compared to a year ago at Rs3860 crores and profits up 48 percent at Rs755 crores. Bharti also beat analysts expectations of 9% QoQ growth to achieve 13%. This was expected because of the strong addtions in subscribers. I will defer to analyze the results until we get Reliance Communications’ results on July-31st.
2006-07-26