Tulip Telecom recorded a net profit of Rs 75.04 crore in Q1 2009 at a 63.25 % increase on a YoY basis. Revenues grew by 33.22 % to Rs 442.92 crore.

EBITDA margin stood at 24.52% from 19.67 % last year. 

Col H.S Bedi, CMD, Tulip Telecom said, “We are happy to announce a strong start to the year by growing our business, notably bandwidth delivery on fibre. Our key focus area, Enterprise Data Connectivity, continues to show robust prospects and enables us to achieve strong growth that has also translated into stronger earnings. We continue to see a big opportunity for Tulip moving forward and to remain focused on meeting the strategic needs of our customers and creating value for their businesses.”

He further added, “A large part of our last mile fibre rollout is already complete in commercial areas of 10 large cities in India and the initial customer response has been very encouraging. With fiber in the last mile, we are now targeting the entire enterprise data connectivity segment, which is substantially larger than the segment that we were targeting till now".