Bharti Airtel almost doubles profit after tax at Rs.1043.69 Crores

Bharti Airtel Ltd has announced the following Audited results for the quarter ended December 31, 2006:

The Company has posted a net profit after tax of Rs 10436.90 million for the quarter ended December 31, 2006 as compared to Rs 5386.80 million for the quarter ended December 31, 2005. Total Revenue has increased from Rs 29360.30 million for the quarter ended December 31, 2005 to Rs 47236.80 million for the quarter ended December 31, 2006.

The Audited Consolidated results as per Indian Generally Accepted Accounting Principles (IGAAP) are as follows:

The Group has posted a profit for the period of Rs 10333.40 million for the quarter ended December 31, 2006 as compared to Rs 5435.40 million for the quarter ended December 31, 2005. Total Income has increased from Rs 30451.50 million for the quarter ended December 31, 2005 to Rs 49281.80 million for the quarter ended December 31, 2006.

The Unaudited Consolidated results as per United States Generally Accepted Accounting Principles (US GAAP) are as follows:

The Group has posted a net income of Rs 12151.30 million for the quarter ended December 31, 2006 as compared to Rs 5453.30 million for the quarter ended December 31, 2005. Total Revenues has increased from Rs 30256.00 million for the quarter ended December 31, 2005 to Rs 49129.20 million for the quarter ended December 31, 2006.

Source : Equity Bulls

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