Telecom operator Bharti Airtel on Friday posted a net profit of Rs 2,210 crore

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for the third quarter. Impacted by competitive tariffs and entry of new operators, the company reported a low net profit growth of 2.3 per cent.

For the quarter ending December 31, the company recoded revenue of Rs 9,772 crore compared to Rs 9,633 crore in the corresponding quarter in 2008. The total revenues for the quarter grew by 1 per cent. The EBITDA margins stood at 40 per cent.

CEO of Bharti Airtel group, Manoj Kohli said, “We are in a hyper competitive market today and have managed to retain our revenue market share. The EBITDA margins continue to be robust, which is an indication of our strong growth.” He said that the industry is expecting more competition from the new players, who are likely to start services in the next few months.

He said that the hyper competition would continue for couple quarters more after which the industry would see stability in the market in second half of 2010. “The incumbents are going to fight out these competitions from new players in lower tariff and emerge stronger. I think the new players are going to face a lot of difficulties in terms of sustaining,” Kohli said.

Chairman and managing director, Bharti Airtel, Sunil Bharti Mittal in a statement said, “Bharti continues to endure a robust market share despite the hyper competition and maintains its drive for internal efficiencies by leveraging its scale economies. In addition, we have enlarged our contiguous footprint in South Asia by entering Bangladesh market through a controlling interest in Warid Bangladesh,”