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Soaring quarterly numbers for telecom majors Reliance Communications and Bharti Airtel

Reliance Communications took the competition in domestic telecom head-on as it reported operating margins similar to bigger rival Bharti Airtel in the July-September quarter. RCom’s robust performance was aided by higher growth in its wireless and broadband services along with increased operating efficiency.

Net profit has surged 86% to Rs 1,305 crore (USD 330 mil) year-on-year backed by 30% rise in sales to Rs 4,579 crore (USD 1,166 mil). Operating profit has grown 46% while revenue from wireless business grew 45% and the broadband segment 61%. 

Read the full story in ‘The Economic Times’

Meanwhile India’s largest wireless operator Bharti Airtel on Wednesday announced a 73% increase in second quarter net profit at Rs 1,617 crore (USD 412 mil) , compared to Rs 934 crore (USD 238 mil) for the quarter ended September 2006.

The addition of a record number of users and expansion to remote areas boosted the company’s revenue by 45% to Rs 6,337 crore (USD 1,614 mil), as against Rs 4,357 crore (USD 1,108 mil) in the corresponding period of the previous year.

Read the full story in ‘The Economic Times’

1 Comment to Soaring quarterly numbers for telecom majors Reliance Communications and Bharti Airtel

  1. anuruddh sharma's Gravatar anuruddh sharma
    August 18, 2008 at 7:36 pm | Permalink

    CURRICULUM VITAE

    ANURUDDH SHARMA
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    PERSONAL DETAILS:
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    Father’s Name : Bal krishn Sharma
    Date of Birth : 28-DECEMBER-1984
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    DECLARATION:
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    Date:
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    Place: ANURUDDH SHARMA

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