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Our Bureau

New Delhi , Oct. 27

TELECOM major Bharti Tele-Ventures Ltd today reported a 43-per cent jump in its consolidated net profit at Rs 521 crore for the second quarter ended September 30, 2005 compared to a profit of Rs 364 crore during the same period last year.

The consolidated revenues grew 46 per cent to Rs 2,709 crore (Rs 1,851 crore).

The revenues and net profit for the first half ended September 30, 2005 were Rs 5,226 crore and Rs 1,031 crore respectively, a growth of 47 per cent and 71 per cent over the numbers reported during same period last year.

Bharti had approximately 1.51 crore customers, as on September 30, 2005, which is a 60 per cent increase, over the corresponding period last year. Bharti's stocks listed on the BSE went down to Rs 311 at the close of the day. The stock had touched a 52-week high of Rs 366 in September and low of Rs 152 in October 2004. The company is scheduled to make another big-ticket announcement on Friday.

Mr Sunil Bharti Mittal, Chairman and Group Managing Director, Bharti Tele-Ventures Ltd, said, "We are in an exciting phase where the telecom sector has witnessed unprecedented growth this quarter. I am pleased that Bharti has reinforced its leadership position by showing robust growth and performance yet again. We owe our continued high-performance to our customer-centric focus and approach."

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