Bharti Infratel posts Q4 profit of Rs 650 crore

Telecom infrastructure firm Bharti Infratel on Thursday posted consolidated profit after tax of Rs 650 crore for the fourth quarter ended March 2020. The company had reported a profit of Rs 608 crore in the same period a year ago.
The telecom tower company recorded consolidated revenue of Rs 3,624 crore during the quarter. It had registered revenue of Rs 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. Bharti Infratel also extended the deadline for merger with Indus Towers by two more months to June 24.