Bharti Infratel net profit jumps 61% in September quarter

Bharti Infratel on Monday reported a 61% jump in its net profit to Rs 964 crore for the July-September quarter, compared with Rs 600 crore in the same period last year. The revenue of the company was down 1% to Rs 3,638 crore, against Rs 3,668 crore last year. The company, however, said figures for the July-September period are not comparable due to adoption of IND AS 116 with effect from April 1, 2019.

“Bharti Infratel has continued on the positive trend in quarterly net additions on both towers and co-locations during the quarter ended September 30, 2019. We continue to believe that there is a strong growth potential in telecom passive infrastructure in the country as telecom networks keep pace with the continuing exponential data consumption growth,” Akhil Gupta, chairman, Bharti Infratel, said.