The leading mobile operator Bharti Airtel has been maintaining a strong momentum in the field by posting a growth of 34% on Thursday in its net profit at Rs 2,025 crore for the first quarter of 2008-09. The company’s consolidated total revenues saw a growth of 44% for the first quarter and stood at Rs. 8,483.

As of June 30, 2008, Bharti had total subscribers of 7.17 crore. Over the corresponding period of last year, the company saw an increase in total subscriber base by 61%.

To add more to the credits of the company, Bharti Airtel improved its market share of all India wireless subscribers at 24.2 % as on June 30, 2008, up from 23.1 % corresponding to the same period last year. The company has thus been successful in maintaining a leadership position. Other than this the company is also maintaining its guidance for standalone capital expenditure of over Rs. 10,583 crore for the full year till March.

The Bharti Airtel Chairman & Managing Director Sunil Mittal, was quite happy with the progress of the company and said, “It has been another quarter of leadership consolidation for the company.  On the mobile side, it has been a particularly strong quarter with monthly customer adds crossing the 25-lakh mark.”

Bharti Airtel Managing Director and Group’s Chief Financial Officer Akhil Gupta commented regarding the alliance talks with South African telecom giant MTN that it was for the MTN to decide.