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Bharti Airtel Q3 Results | Bharti Airtel Q3 Results 2010 | Bharti Airtel Latest Quarter Results | Bharti Airtel Q3FY10 Numbers | Bharti Airtel Numbers | Bharti Airtel Q3 Numbers | Bharti Airtel Q3 Numbers 2010 | Bharti Airtel Latest Quarter Numbers | Bharti Airtel Numbers | Bharti Q3 PAT dips, sees hyper competition till Q1 FY11| Bharti Airtel Results
Posted on: January 22, 2010 at 2:31 pm | 567 views
Bharti Airtel Q3 Results | Bharti Airtel Q3 Results 2010 | Bharti Airtel Latest Quarter Results | Bharti Airtel Q3FY10 Numbers | Bharti Airtel Numbers | Bharti Airtel Q3 Numbers | Bharti Airtel Q3 Numbers 2010 | Bharti Airtel Latest Quarter Numbers | Bharti Airtel Numbers | Bharti Q3 PAT dips, sees hyper competition till Q1 FY11| Bharti Airtel Results
India’s largest telecom player, Bharti Airtel has announced its third quarter results of FY10. It has reported a 3.66% decline in its net profit of Rs 2,236 crore as against Rs 2,321 crore, on quarter-on-quarter basis (QoQ).
Net sales increased 4.66% to Rs 10,304 crore from Rs 9,845.5 crore (QoQ). The telecom player’s numbers were slightly above the market estimates; CNBC-TV18 poll saw the company’s net profit at Rs 2,120.7 crore and net sales at Rs 9,747.5 crore.
EBIDTA (earning before interest, depreciation, tax and amortisation) margin declined to 40% versus 42% (QoQ).
Bharti group’s Chairman and Managing Director Sunil Mittal said the company continued to ensure robust market share despite hyper competition, which, he said was expected to continue for another two quarters, and maintained drive for internal efficiencies via scale economics. “The industry is going through peak of competitive intensity, but will become stable in the second half of 2010. We will see signs of consolidation in 2010,” he said, adding that two more players were expected to join the industry in the next five-six months. Also, existing operators were coming back stronger. However, he added that the new players would have to struggle more versus incumbents.
On the recent acquisition, he said that the company had enlarged contagious foot print in South Asia via the Warid stake. Bharti bought 70% stake in the Bangladesh’s Warid Telecom.
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