Bharti Infratel Q1 revenue at Rs 2,622 crore, up 8.5%

Bharti Infratel on Monday reported Rs 2,622 crore consolidated revenue for Q1 FY 2014, an increase of 8.5 percent over the corresponding period last year.

The company’s EBITDA improved to Rs 1,055 crore, up 19 percent year-on-year. Consolidated profit after tax was Rs 358 crore, up 67.6 percent on account of higher operating income and lower capex in the current quarter.

Bharti Infratel has added 2,869 towers from June 2012 figures and has a total base of 82,321 towers with a tenancy ratio of 1.91.

Akhil Gupta, vice chairman & managing director, Bharti Infratel said, “We are pleased that our results demonstrate and reaffirm our robust business model whereby despite relatively low capex deployment by operators in the current quarter, we had significant incremental financial gains from increased sharing of our infrastructure.”

With regulatory environment in telecom showing signs of settling down, focused roll out approach by new operators, faster 3G rollouts by existing operators as a result of strong data growth across the country and some early indications of plans to roll out 4G during the year, we expect deployment and hence infrastructure sharing to pick up in the coming quarters added Gupta.

During the quarter, Delhi High Court odered merger of Bharti Infratel Ventures, a wholly owned subsidiary of Bharti Infratel with Indus Towers and the merger became effective on June 11, 2013.

Bharti Infratel is India’s leading provider of tower and related infrastructure and it deploys, owns and manages telecom tower and communication structures, for various mobile operators. The company’s consolidated portfolio of over 82,000 telecom towers which includes over 35,000 of its own towers and the balance from its 42 percent equity interest in Indus Towers.

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