Bharti Infratel net profit up 8.5% q-o-q

By: |
July 28, 2020 1:00 AM

During the period, total towers for the company stood at 95,801 while the average sharing factor was 1.82%.

During the period, total towers for the company stood at 95,801 while the average sharing factor was 1.82%.

Bharti Infratel on Monday reported a 8.47% rise in its net profit at Rs 704 crore for the April-June quarter compared with Rs 649 crore in the preceding January-March period. The revenue of the company, however, decreased to Rs 3,505 crore against Rs 3,624 crore in the preceding quarter.

Bharti Infratel chairman Akhil Gupta said the ongoing Covid-19 crisis has emerged as a significant global public health challenge while bringing economic activity to a virtual standstill in many countries, and India is also witnessing an unprecedented crisis on account of the same.

“During this time, the Indian telecom industry has been providing much- needed support in the form of connectivity to the public at large…The resilience shown by telecom industry as a vital service even in the wake of extreme exigencies like Covid-19, bears well for the future potential of our infrastructure industry,” Gupta added.

During the period, total towers for the company stood at 95,801 while the average sharing factor was 1.82%. The sharing revenue per tower per month stood at Rs 78,219 crore for the reported period compared with Rs 79,153 crore in the preceding period.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Listed companies post bumper profits despite lockdown; manufacturing firms steal the show
2iPhone 12 Pro, iPhone 12 Pro Max demand has apparently surpassed expectations
3Motorola says it will launch India’s most affordable 5G smartphone on November 30