Bharti Infratel Reports Rs 2494 Crore Net Profit in FY 2017-18

By April 23rd, 2018 AT 9:21 PM

India’ solely listed tower company, Bharti Infratel today released its Consolidated Proforma results for the fourth quarter and full year ended March 31, 2018. The consolidated revenues for the year, at Rs 14,490 crore grew by 8% over the corresponding period last year. The consolidated EBITDA improved to Rs 6,427 crore up 8% YoY, representing an operating margin of 44.4%. The consolidated EBIT improved to Rs 4,034 crore up 11% YoY. The Operating Free Cash Flow grew by 13% YoY to Rs 4,202 Crore for the year. The net profit for the year was Rs 2,494 crore.

Tower

However, due to loss of 22,134 co-locations during the year on account of five operators ceasing to continue either on account of shutting down operations or merging with others, the financial results for the quarter showed lower growth rates on a YoY basis with consolidated revenue growth at 4% YoY, consolidated EBITDA at 1%, consolidated EBIT as 2%, PAT at 2% and OFCF at -1%, stated the company in a media release.

“The year gone by saw unprecedented consolidation in the Indian telecom industry with five operators ceasing to exist either on account of mergers or outright shut down of operations. Our Company saw loss of 22,134 co-locations on this account during the year. However, despite this the overall performance for the year vs. last year has been robust which bears testimony to a sound business model and our leadership position. We believe that with rapidly growing data demand which would require large network rollouts, we are poised for a strong potential in the coming years. We are fully prepared to exploit this and meet all requirements of our customers for speedy rollouts,’ stated Akhil Gupta, Chairman, Bharti Infratel Limited.

Those were the numbers of Bharti Airtel in FY 2018-19. In the same release, the company also revealed the Q4 numbers, which revealed that the tower firm’s net profit as Rs 606 crore, up from the Rs 597 crore profit received a year ago. The consolidated EBIDTA was up by 1% to Rs 1,606 crore from Rs 1,585 crore a year ago The quarterly consolidated revenue saw an increase of 4% to Rs 3,662 crore.

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