Its clear from the Quarter 1 results of leading Mobile companies that there has been little, even nil, impact of the economic slowdown on mobile phone companies. Lets have a look at three companies profits for the period April – June 2009.
BHARTI AIRTEL LTD: Customer base increased by 8.55 million to close at 105.20 million customers – the highest ever-net addition in a single quarter. Remains the market leader with a market share of 24% (all India).Total Revenues increased by 17.2% (Year-On-Year) to Rs. 9,942 crore.EBITDA increased by 17.9% (Year-On-Year) to Rs. 4,152 crore.Cash Profit increased by 32.1% (Year-On-year) to Rs. 4,412 crore. Net Income up by 24.3% (Year-On-Year) to Rs. 2,517 crore
IDEA CELLULAR LTD: Consolidated revenue up by 6.2%. Consilidated EBIDTA increase by 6.8%.Consolidated refers to existing IDEA circles and new launched circles of Mumbai, Bihar as well as acquired circles of Spice (Karnataka & Punjab)