Bharti Tele Q1 net profit at Rs296.12cr
The consolidated result of Bharti Tele is as follows (as per IFRS)
The group has posted a net profit of Rs 296.12 crore for the quarter ended June 30, 2004 as compared to net profit of Rs 31.04 crore for the quarter ended June 30, 2003. Total revenue has increased from Rs 1036.05 crore in the JQ-03 to Rs 1704.66 crore in the quarter ended June 30, 2004.
Bharti Tele Ventures Ltd has posted a net loss of Rs 26.19 crore for the quarter ended June 30, 2004 as compared to net profit of Rs 0.07 crore for the quarter ended June 30, 2003. Total revenue has increased from Rs 8.53 crore in the JQ-03 to Rs 9.43 crore in the quarter ended June 30, 2004.
Commenting on the results and performance for the quarter, Sunil Bharti Mittal, Chairman & Group Managing Director, Bharti Tele-Ventures said, "BTVL's strong performance during the first quarter of 2004-05 has once again demonstrated its ability to maximize the full benefits of scale & size. We are now getting ready for our next leap, when we roll out our telecom services in the new circles, thus moving closer to our goal of being the most preferred provider of telecom services to our customers nationally."