Bharti Infratel, a tower unit of leading telecom company Bharti Airtel, on Friday reported a 25% jump in net profit at Rs 579 crore for July-September quarter against Rs 465 crore for the same period last fiscal.
Total revenue during the period increased 4% to Rs 3,038 crore for the reported period from Rs 2,930 crore a year ago.
“Mobile data is going to be a key pillar of growth for the Indian telecom industry. We are already witnessing clear signs of accelerated 3G and 4G rollouts by the operators, with a multi-fold increase in such installations compared with last year,” Bharti Infratel chairman Akhil Gupta said.
The tower strength of the company stood at 87,184 at the end of September 30 with average sharing factor of 2.15.
Gupta pointed out that the telecom sector is also witnessing increased focus on quality of service and possible utilisation of unused spectrum.
“These trends are positive for tower companies and we are fully geared to meet the resultant additional requirements of the telecom industry,” Gupta said.