Bharti Airtel, the country’s biggest telecom operator, has once again attained the top slot in the ET sectoral listings for the telecom sector. With over Rs 37,500 crore in annual revenue, Bharti reported robust growth of 38%. Net profit, however, rose at a slower pace of 23%.
RComm, second in the ranking, reported sales of Rs 20,753 crore, 21% higher than the year-ago level. Its total income during the year was Rs 22,959 crore. Net profit rose by 12% to Rs 6,045 crore. While Bharti has retained its ranking at number 16 in overall ET industry listing, RCom has slipped by one step to the 27th place.
Tata Communications (earlier known as VSNL) has retained its third place ranking in the telecom sector listing, but has lost one position in the industry ranking, slipping to the 63rd rank. Its sales rose by 20% to Rs 9,963 crore, while total turnover stood at Rs 10,173 crore. The company sold a portion of its holdings in Tata Teleservices to Japan’s NTT DOCOMO, boosting its bottomline for the year by Rs 286 crore. As a result, its bottom-line shot up 30 times to Rs 316 crore.
Find out financial health of India's Leading Telecom Companies...
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