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    PG_Bharti Airtel Limited FY 2007 A Year of Accelerated Growth and Market Leadership
    Bharti Airtel announces results for the fourth quarter and full year ended March 31, 2007


    Highlights for Full Year ended March 31, 2007

    • Overall customer base crosses 3.9 crore.
    • Highest ever-net addition of 1.8 crore customers in a year.
    • Market leader with a market share of all India wireless subscribers at 22.9% (20.4% last year)
    • Total Revenues of Rs. 18,520 crore (up 59% Y-o-Y)
    • EBITDA of Rs. 7,451 crore (up 72% Y-o-Y).
    • Cash Profit of Rs. 7,307 crore (up 79% Y-o-Y).
    • Net Profit of Rs. 4,257 crore (up 89% Y-o-Y).

    Highlights for Fourth Quarter ended March 31, 2007

    • Highest ever-net addition of 53 lakh customers in a single quarter.
    • Total Revenues of Rs. 5,393 crore (up 58% Y-o-Y).
    • EBITDA of Rs. 2,241 crore (up 75% Y-o-Y).
    • Cash Profit of Rs. 2,193 crore (up 82% Y-o-Y).
    • Net Profit of Rs. 1,353 crore (up 98% Y-o-Y).

    New Delhi, India, April 27, 2007: Bharti Airtel Limited (“Bharti” or “the company”) today announced its US GAAP results for its fourth quarter and full year ended March 31, 2007. It has once again maintained its strong growth momentum.


    The consolidated total revenues for the quarter ended March 31, 2007 of Rs. 5,393 crore grew by 58% and EBITDA of Rs. 2,241 crore grew by 75% on a year on year basis. The cash profit from operations of Rs. 2,193 crore grew by 82% over last year. The net profit for the quarter ended March 31, 2007 was Rs. 1,353 crore, a growth of 98% over last year.


    The revenues & net profit for the full year ended March 31, 2007 was Rs. 18,520 crore and Rs. 4,257 crore, a growth of 59% & 89% respectively, on a year on year basis.


    Bharti had over 3.9 crore customers, as on March 31, 2007, an increase in the total customer base of 86%, over the last year and maintained its leadership position through an improved market share of all India wireless subscribers at 22.9% as on March 31, 2007, up from 20.4% last year.


    Commenting on the results and performance, Mr. Sunil Bharti Mittal, Chairman & Managing Director, Bharti Airtel Limited, said, “The Indian telecom sector has witnessed an unprecedented growth this year led by the mobile segment. At Bharti Airtel, this has been a year of accelerated growth and market leadership, and we are delighted to be leading the telecom revolution in the country. The demand for the telecom services across all segments remains buoyant and we believe that this growth momentum can be sustained. We are confident that Bharti Airtel’s professional management team with enhanced empowerment, backed by world-class product offerings is well placed to strengthen our leadership position in the market.”


    In line with emerging international practice, the Board of Directors has adopted a rotation policy for statutory and internal auditors for a maximum tenure of five years and rotation of audit partner every three years. Accordingly, they have recommended the appointment of S R Batliboi and Associates, Chartered Accountants, a member firm of Ernst & Young Global as statutory auditors at the conclusion of the forthcoming annual general meeting on 2 July 2007 and Ernst and Young as auditors for US GAAP for the financial year ending 31 March 2008. The Board has also proposed to appoint Price Waterhouse, Chartered Accountants as internal auditors after conclusion of their tenure as statutory auditors of the company.



    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

     

     

    Year Ended

    Y-o-Y
    Growth

     

     

    Mar. 2007

    Mar. 2006

    Mar. 2007

    Mar. 2006

    Un-audited

    Un-audited

    Audited

    Un-audited

    Total revenues

    5,393

    3,411

    58%

    18,520

    11,621

    59%

    EBITDA

    2,241

    1,278

    75%

    7,451

    4,337

    72%

    Cash profit 
    from operations

    2,193

    1,205

    82%

    7,307

    4,086

    79%

    Income before
    income taxes

    1,507

    741

    103%

    4,886

    2,537

    93%

    Net profit / (loss)

    1,353

    682

    98%

    4,257

    2,257

    89%

      Operating Highlights (Figures in nos., except ratios)


    Parameters

    Unit

    Mar. 31,
    2007

    Dec. 31, 2006

    Q-on-Q 
    Growth

    Mar. 31, 2006

    Y-on-Y 
    Growth

    Customers on our Network
    Mobile Services
    Broadband & Telephone
    Services

    000's

     
    000's

     

    37,141

     
    1,871

     

    31,974

     
    1,738

     

    16%

     
    8%

     

    19,579

     
    1,347

     

    90%

     
    39%

     

    Total

    000's

    39,013

    33,712

    16%

    20,926

    86%


    Bharti Airtel Limited
    (A Bharti Enterprise)
    Regd. Office: Qutab Ambience (at Qutab Minar), Mehrauli Road, New Delhi – 110 030


    About Bharti Airtel Limited


    Bharti Airtel Limited is one of India’s leading private sector providers of telecommunications services with an aggregate of 39 million customers as of end of March’07, consisting of 37.14 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 40,000 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.. ]