Bharti Infratel posts 29 pc jump in Q1 profit at Rs 462.8cr

Tags: News
Telecom infrastructure company Bharti Infratel today reported 29.4 per cent jump in net profit to Rs 462.8 crore for the April-June quarter of 2014-15 and it will invest Rs 1,345.7 crore in capital expenditure by the end of this fiscal.

The mobile tower company had reported a net profit of Rs 357.6 crore in the same quarter last year, according to a filing to the BSE stock exchange.

Bharti Infratel has plans to invest Rs 1,345.7 crore in capital expenditure, that include setting up new mobile towers and operational expenses, in this fiscal.

The capex includes Rs 425.3 crore for setting up new towers, Rs 530.7 crore for upgradation and replacement of some of its existing towers and Rs 276.8 crore on green technologies at its mobile towers sites, the filing showed.

The company had raised Rs 3,165.7 crore in 2012 though its initial public offer for installation of 4,813 new towers.

The company said that it has utilised Rs 342.1 crore in first quarter of current financial year ended June 30, 2014.

Bharti Infratel has total tower base of 83,778.

The company's consolidated revenue increased by 8.4 per cent at Rs 2,842.7 crore during the reported quarter compared to Rs 2,622 crore it posted in corresponding period of FY'13.

"Industry expects clear road map for spectrum auctions in all bands, spectrum sharing and trading. All these steps shall accelerate the growth of data networks ... Which should result in growing demand for towers and higher sharing by operators," company's Chairman Akhil Gupta said.

The company in a statement said that its board has declared interim dividend of Rs 4.5 per share and total dividend pay out including dividend distribution tax is expected to around Rs 995 crore.

He said that Bharti Infratel has potential to be a major beneficiary of this growth.

Shares of the company closed at Rs 260.85 a unit, down by 3.32 per cent, at BSE today.


  • Long-term health cover makes good sense for both the insurer and the insured

    Long-term health insurance products make enormous sense.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Urs Schoettli

America lacks will to contain China

Recently both the Chinese leader Xi Jinping and Indian prime ...

Zehra Naqvi

Exercise gets creative juices flowing

Ever known that feeling of being sluggish and drowsy, of ...

Bubbles Sabharwal

You are what you believe yourself to be

The Gita says a man is what his shraddha is. ...


William D. Green

Chairman & CEO, Accenture