Bharti Infratel's Q4 net profit marginally up by 2%

Bharti Infratel's consolidated profit for the fourth quarter (January-March) of 2017-18 went up marginally by 2 per cent, a company statement said here on Monday.

The company posted a net profit of Rs 606 crore for the fourth quarter of 2017-18 compared to Rs 597 crore posted during the corresponding quarter in 2016-17.

Consolidated revenue of the company for the quarter grew by only 4 per cent during the fourth quarter.

"The year gone by saw unprecedented consolidation in the Indian telecom industry with five operators ceasing to exist either on account of mergers or outright shut down of operations. Our company saw loss of 22,134 co-locations," said Akhil Gupta, Chairman, Bharti Infratel.

"However, despite this, the overall performance for the year versus last year has been robust which bears testimony to a sound business model and our leadership position. We believe that with rapidly growing data demand which would require large network rollouts, we are poised for a strong potential in the coming years. We are fully prepared to exploit this and meet all requirements of our customers for speedy rollouts," he added.

--IANS

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