Financial Daily from THE HINDU group of publications
Friday, Apr 29, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Info-Tech - Financial Performance
Corporate Results - Telecommunications


Bharti Tele-Ventures Q4 net rises 44 pc

Our Bureau


Mr Sunil Bharti Mittal, CMD, Bharati Enterprises, and Mr Rajan B. Mittal, Joint MD, addressing a press conference in the Capital on Thursday. - - Kamal Narang

New Delhi , April 28

BHARTI Tele-Ventures Ltd has reported a 44 per cent increase in its net profit to Rs 437 crore in the fourth quarter ended March 31, 2005, compared to Rs 304 crore during the corresponding year-ago quarter. The revenues increased to Rs 2,317 crore during the quarter (Rs 1,553 crore).

The company posted a net profit of Rs 1,439.27 crore for the year ended March 31, 2005 as compared to Rs 619.46 crore a year earlier.

Its total revenues also increased to s 8,066.67 crore (Rs 5,037 crore).

Bharti plans to invest close to Rs 4,000 crore to expand its services in more towns and cities.

"We have invested Rs 17,000 crore till now. This year, we plan to pump in another about Rs 4,000 crore. Part of the investment will be in existing towns to decongest the traffic, while the rest of the money will go to toll out services in new towns and cities," Mr Sunil Bharti Mittal, Chairman and Managing Director, said.

On the proposed American Depository Receipt (ADR) issue, Mr Mittal said the company would now approach its shareholders for their participation in the process.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Wipro bags Akzo Nobel deal


Tribunal quashes bandwidth price cut — `TRAI has violated principles of natural justice'
Tata Indicom to invest Rs 400 cr in Karnataka
Moser Baer profit slumps 66.6 pc
KPIT Cummins consolidated net up
Bharti Tele-Ventures Q4 net rises 44 pc
Subex net up at Rs 26 cr
Karnataka software exports up 52%
Tera Soft wins Kerala project
Esanda picks Finacle
IT capital spend very low in India: Nasscom
Congruent acquisition
Polaris Lab, GE expand ties
Bank accounts hacking: MphasiS to lodge insurance claims


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line