Bharti Airtel net up 43 percent
Mumbai, Oct 30 (IANS) Telecom major Bharti Airtel Friday posted a 43.1 percent increase in net profit to Rs.2,297 crore (Rs.22 billion) for the quarter ended Sep 30, 2009, as against Rs.1,605 crore in the same period last fiscal.
The total income increased 7.5 percent to Rs.8,927 crore in the period under review from Rs.8,303 a year ago, the company said in a regulatory statement.
The group’s consolidated results according to Indian Generally Accepted Accounting Principles (IGAAP) showed 35 percent increase in net profit.
Consolidated net profit was at Rs.2,254 crore for the quarter ended Sep 30, 2009, as compared to Rs.1,668 crore in the like quarter of last fiscal.
The total income increased 16 percent to Rs.10,393 crore from Rs.8,952 crore.
The Airtel scrip was down 1.84 percent at Rs.306.30 from its previous close at Rs.312.05. The scrip fell 26.82 percent over the past month at the Bombay Stock Exchange.
–Indo-News Service
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