Bharti Infratel's Q2 net drops 17% to Rs 638 cr

The company's revenue grew by 11% during the quarter

Bharti Infratel's net profit went down by 17 per cent for the July-September quarter of 2017-18, a company statement said on Monday.

The company has posted net profit of Rs 638 crore for the second quarter of 2017-18, compared to Rs 774 crore during the corresponding quarter a year back.

The company's revenue grew by 11 per cent during the quarter. It has clocked revenue of Rs 3,648 crore for the second quarter of 2017-18, up from Rs 3,292 crore posted during the same quarter a year back.

"Indian telecom has embraced the data-centric model and is emerging as the showcase of digital technology with operators rolling out 4G networks and India planning a leadership role on upcoming 5G technology and associated applications. Leading operators have announced enhanced investment plans towards improvising digital infrastructure," said Akhil Gupta, Chairman, Bharti Infratel Ltd.

"The government's Smart Cities programme presents additional opportunity to create infrastructure for sharing on a non-discriminatory basis. All of this is good for the sector at large," he said.