Bharti Infratel Q3 net profit up 31% to Rs 254 cr
Bharti Infratel, the tower arm of Sunil Mittal-led Bharti Airtel, today reported a 30.7 per cent jump in its net profit at Rs 254.1 crore for the third quarter (Q3) ended December 31, 2012.
This is against Rs 194.4 crore registered in the same quarter last fiscal, Bharti Infratel said in a statement.
Bharti Infratel, which made its debut on the BSE and NSE in December last year, saw revenues increasing by 8.33 per cent to Rs 2,626.4 crore for the reported quarter as against Rs 2,424.3 crore in the year-ago period.
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"Despite relatively low capex deployment by telecom operators last year due to uncertainties in telecom sector, our results reflect the significant incremental gains from increased sharing of our infrastructure," Bharti Infratel Vice Chairman and Managing Director Akhil Gupta said.
With data growing at a fast pace, the company expects increased deployment of new networks by operators in the coming year, he added.
During the quarter, the group incurred capital expenditure of Rs 364.4 crore. "The operating free cash flow during the quarter was Rs 549.4 crore, a decrease of 2.2 per cent compared to quarter ended December 31, 2011 on account of higher capital expenditure in the current quarter," it said.
The company had a total of 2,102 on roll employees on a consolidated basis as on December 31, 2012.
Bharti Infratel's total tower base stood at 81,389, along with 1.56 lakh co-locations at the end of the reported quarter.
While the total tower base
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