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    Bharti Airtel Limited: Q3 Revenue at Rs. 4,913 Cr (~US$ 1.1 Billion), Q3 EBITDA crosses Rs. 2,000 Cr, Q3 PAT exceeds Rs. 1,200 Cr

    Bharti Airtel announces results for the third quarter and nine months ended December 31, 2006


    Highlights:

    • Highest ever-net addition of 50.19 lakh customers in a single quarter.
    • Q3 Total Revenues of Rs.4,913 crore (up 62% Y-o-Y).
    • Q3 EBITDA of Rs. 2,005 crore (up 79% Y-o-Y).
    • Q3 Cash Profit of Rs. 2,137 crore (up 108% Y-o-Y).
    • Q3 Net Profit of Rs. 1,215 crore (up 123% Y-o-Y).

    New Delhi, India, January 23, 2007:Bharti Airtel Limited (“Bharti” or “the company”) today announced its US GAAP results for its third quarter and nine months ended December 31, 2006. It has once again maintained its strong growth momentum.


    The consolidated total revenues for the quarter ended December 31, 2006 of Rs. 4,913 crore grew by 62% and EBITDA of Rs. 2,005 crore grew by 79% on a year on year basis. The cash profit from operations of Rs. 2,137 crore grew by 108% over the corresponding quarter last year. The net profit for the quarter ended December 31, 2006 was Rs. 1,215 crore, a growth of 123% over the corresponding quarter last year. The revenues & net profit for the nine months ended December 31, 2006 was Rs.13,126 crore and Rs. 2,904 crore, a growth of 59% & 84% respectively, over the same period last year.


    Bharti had over 3.37 crore customers, as on December 31, 2006, an increase in the total customer base of 92%, over the corresponding period last year and maintained its leadership position through an improved market share of all India mobile subscribers at 21.8% as on December 31, 2006.


    Commenting on the results and performance, Mr. Sunil Bharti Mittal, Chairman & Managing Director, Bharti Airtel Limited, said, “Demand for telecom services continues to be robust across all segments, led by a buoyant economy. In particular, the wireless segment has seen record additions and we believe that this trend is likely to continue. Bharti Airtel, with its integrated product portfolio and all India network, has delivered yet another quarter of strong performance and further consolidated its leadership position.”

     

    Bharti Airtel Limited - Summary of Consolidated Financial Statements – represents Consolidated Statement of Income as per United States Generally Accepted Accounting Principles (US GAAP)

    (Amount in Rs. Crores, except ratios)

    Particulars

    Quarter Ended

    Y-o-Y
    Growth

     

     

    Nine Months Ended

    Y-o-Y
    Growth

     

     

    Dec. 2006

    Dec. 2005

    Dec. 2006

    Dec. 2005

    Un-audited

    Un-audited

    Audited

    Un-audited

    Total revenues

    4,913

    3,026

    62%

    13,126

    8,252

    59%

    EBITDA

    2,005

    1,120

    79%

    5,210

    3,082

    69%

    Cash profit 
    from operations

    2,137

    1,028

    108%

    5,114

    2,890

    77%

    Income before
    income taxes

    1,441

    639

    126%

    3,379

    1,816

    86%

    Net profit / (loss)

    1,215

    545

    123%

    2,904

    1,576

    84%

    EBITDA / Total
    revenues

    40.8%

    37.0%

     

    39.7%

    37.3%

     

    Net profit / Total
    revenues

     24.7%

    18.0%

     

    22.1%

    19.1%

     

     

    Operating Highlights

    (Figures in nos., except ratios)

    Parameters

    Unit

    Dec. 31,
    2006

    Sept. 30,
    2006

    Q-on-Q 
    Growth

    Dec. 31,
    2005

    Y-on-Y 
    Growth

    Customers on our Network
    Mobile Services
    Broadband & Telephone
    Services

    000's

     
    000's

     

    31,974

     
    1,738

     

    27,061

     
    1,631

     

    18%

     
    7%

     

    16,327

     
    1,200

     

    96%

     
    45%

     

    Total

    000's

    33,712

    28,693

    17%

    17,527

    92%

     

    About Bharti Airtel Limited

    Bharti Airtel Limited is one of India’s leading private sector providers of telecommunications services with an aggregate of 33.71 million customers as of end of December‘06, consisting of 31.97 million mobile customers. Bharti Airtel has been rated among 10 best performing companies in the world in the BusinessWeek IT 100 list.


    Bharti Airtel is structured into three strategic business units - Mobile services, Broadband & Telephone (B&T) services and Enterprise services. The mobile business provides mobile & fixed wireless services using GSM technology across 23 telecom circles. The B&T business provides broadband & telephone services in 94 cities. The Enterprise services provide end-to-end telecom solutions to corporate customers and national & international long distance services to carriers. All these services are provided under the Airtel brand. Airtel’s high-speed optic fibre network currently spans over 39,000 kms covering all the major cities in the country. The company has two international landing stations in Chennai that connects two submarine cable systems - i2i to Singapore and SEA-ME-WE-4 to Europe. For more information, visit www.bhartiairtel.in

    Disclaimer:
    [ This communication does not constitute an offer of securities for sale in the United States. Securities may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering of securities to be made in the United States will be made by means of a prospectus and will contain detailed information about the Company and its management, as well as financial statements. ]