Bharti Infratel Q4 net profit rises by 64 per cent

PTI
Published Apr 24, 2014, 5:37 pm IST
Updated Apr 1, 2019, 12:13 pm IST
Bharti Infratel’s Q4 net profit amounted to Rs 472 crore

New Delhi: Tower firm, Bharti Infratel reported a 64 per cent jump in its net profit at Rs 472 crore for the quarter ended March 31, 2014.The company had reported a net profit of Rs 287 crore in the corresponding period last year. The revenues of the company grew 4 per cent to Rs 2,790 crore for the reported period as compared to Rs 2,674 crore in 2013.      

"The regulatory environment in teleco sector has improved significantly post the spectrum auctions conducted in February 2014. Operators have made large investments, primarily for data networks. We believe that faster roll-out of networks will happen over the coming years to monetise these       investments," said Akhil Gupta, Chairman of Bharti Infratel.     

 

For the fiscal 2013-14, the company reported a net profit of Rs 1,518 crore, as compared to Rs 1,003 crore last time. Full year revenues were up by 5 per cent to Rs 10,827 crore as compared to Rs 10,272 crore.       

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