Bharti Infratel’s Q1 net profit surges 71% as telcos expand 3G and 4G networks

Follow Us

Bharti Infratel reported 71% on-year increase in net profit in the quarter ended June 30, 2016, at Rs 756 crore, against Rs 442 crore in the year-ago period, as Indian telecom operators expanded their 3G and 4G coverage, which resulted in more rented cell sites.

india-tower




India's only listed telecom tower firm said its consolidated revenue in the quarter grew 7% on-year at Rs 3,211 crore, while consolidated Ebitda improved to Rs 1,408 crore, reflecting a 9% on-year rise. The company's consolidated Ebit stood at Rs 830 crore, up 11% year-on-year.

Bharti Infratel, which is a unit of India's leading telco Bharti Airtel, reported 20% on-year increase in operating free cash flows at Rs 958 crore in the first quarter.

During the quarter, the company said that it has taken approval of shareholders on the buyback of its equity shares for an issue size of Rs 2,000 crore and is in the midst of completing the buyback process.

“Indian Telecom industry is going through consolidation; we believe this would be good for the industry in the long run as the sector would require large investments by the operators in future to cater to the ever increasing data demand. We are also seeing some early signs of implementation of the government’s initiative on Smart City, which we believe would provide opportunities to infrastructure companies like ours. Bharti Infratel and Indus Towers being the leaders are fully geared to serve our customers’ demand and to look at the new opportunities coming up on the infrastructure front,” Akhil Gupta, Chairman, Bharti Infratel Limited, said in a statement.

Bharti Infratel ended the first quarter with 89,352 towers with an average sharing factor of 2.20. From the first quarter to this year's first quarter, the company added 2,956 new towers in the country.

The company has a total of 196,401 towers on a shared basis, up 11,186 on a yearly basis.

Recent Comments

TheAndroidFreak :

One Plus 13 is on different level this time. Thanks to software experience. iQOO 13 is good performance monster. But…

OnePlus 13 vs iQOO 13: Quite Similar, but Still Different

Sujata :

The airtel tower is hardly 300 meter away from my home, but surprisingly, most of the time it connects to…

BSNL Deploys 1111 BTS in Bihar Under 4G Saturation Project

TheAndroidFreak :

I wish Lava Agni 4 uses Dimensity 8200.

OnePlus 13 and Xiaomi 15 to Feature Qualcomm Snapdragon 8…

TheAndroidFreak :

Efficiency is through the roof. Performance is close to snapdragon 8 Gen 3. That's what matters. I guess for next…

OnePlus 13 and Xiaomi 15 to Feature Qualcomm Snapdragon 8…

Faraz :

Yeah, also B40 of Airtel don't reach our home in 4G, so it was expected that n78 won't reach either.…

BSNL Deploys 1111 BTS in Bihar Under 4G Saturation Project

Load More
Subscribe
Notify of
1 Comment
newest
oldest most voted
Inline Feedbacks
View all comments