Bharti Infratel Q2 net up 25 percent

New Delhi, Oct 23 (IANS) Telecommunications tower company Bharti Infratel on Monday reported a 25 percent increase in net profit at Rs.579 crore for the quarter ending September.

The company, which saw an increase of four percent in total revenue at Rs.3,038 crore, had reported a net profit of Rs.465 crore for the corresponding period last fiscal.

It reported a total revenue of Rs.2,930 crore for the corresponding period last year.

“Mobile data are going to be a key pillar of growth for the Indian telecom industry. We are already witnessing clear signs of accelerated 3G and 4G rollouts by the operators, with a multi-fold increase in such installations compared with last year,” Bharti Infratel Chairman Akhil Gupta said.

“These trends are positive for tower companies and we are fully geared to meet the resultant additional requirements of the telecom industry,” Gupta said.

The tower strength of the company stood at 87,184 at the end of September 30 with average sharing factor of 2.15.

Related Posts

Leave a Reply