NEW DELHI -- Bharti Airtel Limited ("Bharti Airtel" or "the Company") today announced its audited US GAAP results for the second quarter and half year ended September 30, 2009.
The consolidated Total Revenues for the half year ended September 30, 2009 of Rs.19,787 crore grew by 13% and EBITDA of Rs. 8,293 crore grew by 15% on a year on year basis. EBITDA margins improved to 41.9% from 41.3% in the corresponding period of the previous year. The Net Income for the half year ended September 30, 2009 was Rs.4,838 crore, a growth of 19% over last year. The strong Free Cash Flow of Rs. 2,617 crore resulted in the reduction of Net Debt to Rs.4,211 crore, with the Net Debt to Equity ratio reaching an all-time low of 0.12.
The consolidated Total Revenues for the quarter ended September 30, 2009 of Rs. 9,846 crore grew by 9%. The Company continued to leverage its scale and vendor partnerships to secure cost efficiencies, leading to improved margins. EBITDA at Rs. 4,142 crore grew by 12% on a year on year basis. EBITDA margins improved to 42.1% from 41.0% in the corresponding period of the previous year.
Bharti had 113.4 mn customers, as on September 30, 2009, an increase in the total customer base of 42% over the corresponding period last year and maintained its leadership position through market share of all India wireless subscribers at 23.5%, as on September 30, 2009.
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