Bharti Infratel posts Q4 profit of Rs 650 cr

Telecom infrastructure firm Bharti Infratel on Thursday posted a consolidated profit after tax of ₹650 crore for the fourth quarter ended March 2020. The company had reported a profit of ₹608 crore in the same period a year ago.

The telecom tower company recorded consolidated revenue of ₹3,624 crore during the quarter. It had registered revenue of ₹3,600 crore in the corresponding quarter of 2018-19.

The company said it adopted a new accounting system from April 1, 2019 and hence the result for 2019-20 is not comparable with past periods.