Bharti Infratel Q3 net profit jumps 23% to Rs 798.7 cr

Telecom infrastructure company Bharti Infratel on Thursday posted a 23 per cent jump in consolidated net profit at Rs 798.7 crore for the third quarter ended December 2019.

Its net profit stood at Rs 648.4 crore in the year ago period. Total income slipped 4.2 per cent to Rs 1,684.5 crore. However, after incorporating its share of revenue from Indus Towers, Bharti Infratel showed 1 per cent year-on-year increase in segment revenue to Rs 3,673 crore for the reported quarter.

It said the telecom industry continues to face financial uncertainty due to the recent Supreme Court judgement on statutory dues, but for which growth of towers and co-locations would have been even stronger.