Bharti Infratel net rises 25% to Rs579 crore
23 October 2015
Telecom infrastructure provider Bharti Infratel has posted a 25-per cent rise in consolidated net profit at Rs579 crore for the quarter ended September, driven by a rise in data as companies begin to increase 3G and 4G services rollout.
On a comparison basis, the New Delhi-based company had posted a net profit of Rs465 crore during the same period a year ago.
During the quarter under review, the company's revenue rose to Rs3,038 crore, a 4-per cent rise from Rs2,930 crore posted during the same period a year ago.
''Mobile data is going to be the key pillar of growth witnessing clear signs of accelerated 3G and 4G rollouts by the operators with multi-fold increase in such installations as compared to last year. In addition, the sector is also seeing increased focus on quality of service and a possible utilisation of unused spectrum,'' said Akhil Gupta, chairman, Bharti Infratel Ltd.
''These trends are positive for tower companies and we are fully geared to meet the resultant additional requirements of the telecom industry,'' he added.
As of the quarter end, Bharti Infratel's tower base stood at 87,184 with an average share factor of 2.15 (customers per tower).
The company's consolidated EBITDA (operating profits) improved to Rs1,308 crore up 7 per cent from the previous year, while consolidated EBIT rose 9 per cent to Rs 734 crore.
Bharti Infratel was included in the list of stocks available for future and option trading on the stock exchange.