Bharti-Airtel which recently crossed 25 million subscribers mark has reported outstanding quarterly profits for the quarter ending June-30th. Quarterly sales were up 53 percent compared to a year ago at Rs3860 crores and profits up 48 percent at Rs755 crores. Bharti also beat analysts expectations of 9% QoQ growth to achieve 13%. This was expected because of the strong addtions in subscribers.
I will defer to analyze the results until we get Reliance Communications’ results on July-31st. |
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