 "Bharti Infratel Q1 profit before tax declines 15% to Rs 943 crore")
Bharti Infratel posted a profit before tax of Rs 943 crore for the quarter ended June, down 15 per cent from Rs 1,106 crore in the corresponding period last year.
The consolidated profit after tax for the quarter was down 21 per cent at Rs 704 crore from Rs 887 crore in the same period last year.
Total revenue stood at Rs 3,505 crore, down 7 per cent from Rs 3,712 crore in the June quarter of 2019. The firm reported co-locations reduction (sale of structures to deploy mobile antennas) as it received 1,228 exit notices.
However, as of June 30, there were cumulative 3,474 co-locations for which exit notices were received but actual exits have not happened, the company said.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%