Tele-Ventures'' net profit for the first quarter ended
June 2004 soared to Rs 296 crore compared to Rs 31 crore
in the corresponding quarter last year.
telecom company''s revenues touched Rs 1,705 crore, which
is an increase of 65 per cent compared to the revenues
in the previous corresponding period.
profit grew from Rs 226 crore in June 2003 to Rs 541
crore in June 2004 and EBITDA (earnings before interest,
taxation, depreciation, pre-operating costs and amortisation)
grew by 115 per cent from Rs 289 crore to Rs 620 crore.
The net debt to annualised EBITDA ratio as on the quarter
ended June 30, 2004, was 1.54 times.
had 76.7 lakh mobile and over seven lakh fixed line
customers, as on June 30, 2004 - an increase in customer
base of more than 100 per cent over the corresponding
period last year.
the quarter ended June 30, 2004, Bharti''s share of net
additions to the All India GSM mobile customers was
29.6 per cent and that to the All India Wireless Customers,
which includes the CDMA based mobile operators, was
22.8 per cent.
growth is a result of operational as well as financial
by the company," Sunil Bharti Mittal, chairman
and group managing director, Bharti Tele-Ventures said
in a company statement.