Bharti Infratel logs 34% quarterly profit hike
1 May 2013 2:14 AM GMT
Bharti Infratel, the tower arm of telecom major Bharti Airtel, on Tuesday reported 34.11 per cent jump in net profit at Rs 287 crore for the fourth quarter ended 31 March, 2013.
The company’s net profit stood at Rs 214 crore in the year-ago period. Total income of the company during the January-March 2013 period rose to Rs 2,674 crore as against Rs 2,403 crore in the corresponding period of 2012, an increase of 11.27 per cent. Commenting on the numbers, company’s vce-chairman & MD Akhil Gupta said: ‘We are pleased that out results demonstrate and reaffirms our robust business model.
‘As a result, despite a relatively low capex deployment by telecom operators last year due to uncertainties in the telecom sector, our result reflects the significant incremental gain from increased sharing of our infrastructure.’
In December, 2012, the company raised more than Rs 4,118 crore in the biggest IPO (initial public offer) in over two years. Bharti Infratel’s total tower base stands at 82,083.
The company’s net profit stood at Rs 214 crore in the year-ago period. Total income of the company during the January-March 2013 period rose to Rs 2,674 crore as against Rs 2,403 crore in the corresponding period of 2012, an increase of 11.27 per cent. Commenting on the numbers, company’s vce-chairman & MD Akhil Gupta said: ‘We are pleased that out results demonstrate and reaffirms our robust business model.
‘As a result, despite a relatively low capex deployment by telecom operators last year due to uncertainties in the telecom sector, our result reflects the significant incremental gain from increased sharing of our infrastructure.’
In December, 2012, the company raised more than Rs 4,118 crore in the biggest IPO (initial public offer) in over two years. Bharti Infratel’s total tower base stands at 82,083.
Next Story
