Bharti Infratel Q1 Net Up By 24%

Bharti-infratel-resultsBharti Infratel, the telecom tower arm of Bharti Airtel, today posted net profit of Rs 576 crore for first quarter of 2015 ended June 30 compared to Rs 463 crore for the same period a year back, showing a growth of 24%. The consolidated revenue for Q1 was clocked at Rs 3016 crore as against Rs 2843 crore registering 6% growth over the same period.

Registering a upward movement, the consolidated EBIDTA was registered at Rs 1302 crore, that the company says, represents and operating margin of 43%. At the end of the first period Bharti Infratel has an operating free cash flow of Rs 783 crore, up by 21% from the same quarter a year ago.

By the end of June 2015, Bharti Infratel has 86397 telecom towers as against 85892 a year ago.

Early this week there were reports that the company is in active talks with Idea Cellular and Vodafone to acquire their tower assets. It was also speculated that Bharti Infratel is ready to invest $1.3 bn to close this deal. However, there has been no official announcement from neither of the companies regarding the same.

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