BTVL announces a net profit of Rs 5.1 billion for the quarter ended June 30, 2005

Bharti Tele Ventures Limited (BTVL) has announced a net profit of Rs 5.1 billion for the quarter ended June 30, 2005. This represents a 70 per cent year-on-year growth in net profit. The company’s consolidated revenue for the same quarter saw a growth of 48 per cent on a year-on-year basis to reach Rs 25 billion. BTVL’s EBITDA fell marginally, to 37.4 per cent, in the quarter ended June 30, 2005 from 37.6 per cent in the last quarter of 2004-05. The strong financial growth seen by the company was a result of its healthy subscriber additions.