Bharti Airtel Q4 revenue crosses Rs 10,000 crore

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Bharti Airtel Q4 revenue crosses Rs 10,000 crore
New Delhi, Apr 28: During the fourth quarter (Q4) ended Mar 31, 2010, Bharati Airtel's total revenues crossed the Rs 10,000-crore mark for the first time, the country's telecom leader announced on Wednesday, Apr 28.

Total revenues of the company surged to Rs 10,056 crore in Q4, accounting for a 2 per cent rise from Rs 9,825 crore recorded in the corresponding period of previous fiscal, Bharti Airtel said in its filing to the Bombay Stock Exchange (BSE).

“Bharti Airtel continues to be strongly positioned in India despite a hyper competitive market," Bharti Airtel Ltd Chairman & Managing Director Sunil Bharti Mittal said.

However, the company witnessed a decline of 8 per cent in consolidated net income, which stood at Rs 2,055 crore in Q4.

As per the US accounting standards, the Bharti Airtel recorded a net income of Rs 2,239 crore for the quarter ended Mar 2008-09.

The consolidated net income came up at Rs 9,103 crore, up 7 per cent from Rs 8,470 crore in the year-ago period, while the total revenues of the company grew to Rs 39,615 crore for the year ended Mar 31, as against the previous revenue of Rs. 36,962 crore.

The company announced a dividend of Rs 1 per share on the face value of Rs 5 per share for the financial year 2009-10.

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