Bharti Infratel Q4 net profit jumps 64 per cent

Tower firm Bharti Infratel today reported a 64 per cent jump in its net profit at Rs 472 crore for the quarter ended March 31, 2014.

The company had reported a net profit of Rs 287 crore in the corresponding period last year.

The revenues of the company grew 4 per cent to Rs 2,790 crore for the reported period as compared to Rs 2,674 crore in the same period last year.

"The regulatory environment in teleco sector has improved significantly post the spectrum auctions conducted in February 2014.

"Operators have made large investments, primarily for data networks. We believe that faster roll-out of networks will happen over the coming years to monetise these investments," Bharti Infratel Chairman Akhil Gupta said in a statement.

For the fiscal 2013-14, the company reported a net profit of Rs 1,518 crore as compared to Rs 1,003 crore last time.

Full year revenues were up by 5 per cent to Rs 10,827 crore as compared to Rs 10,272 crore.

EDITORIAL OF THE DAY

  • We must understand the need for P-notes to settle the debate

    The never-ending controversy surrounding participatory notes, aka P-notes, is back in focus following the latest revelation by the Supreme Court-appoi

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Kumar Jain

Managing decisions & bias in 3EE

Leadership is about facing and resolving dilemmas, taking tough calls, ...

Kuruvilla Pandikattu SJ

To see the best in the other

When two people initially develop a loving relationship, the bond ...

Dharmendra Khandal

Creepy, you say? That’s merely ophidiphobia

Snakes are the earliest predators in the life of the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture