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What is Q4 2009 Financial Results of Airtel about?

Bharti Airtel reported a 4% rise in net profit for Q4 2009 to Rs. 2239 crores and a 26% rise for the full year. Mobile subscribers grew 10% in Q4 to 93.92 million, while ARPU and average minutes of use declined slightly. Rural subscribers now make up 50-55% of new additions as Airtel focuses on expanding in rural areas. While market share dipped to 24%, Airtel states it has increased revenue market share. The company is preparing to enter mobile banking but expects limited financial impact initially.

Author

harishe

Language

EN