 "Bharti Infratel posts 61% jump in net profit at Rs 964 crore in Q2FY20")
Bharti Infratel on Monday posted 61 per cent jump in consolidated net profit at Rs 964 crore for the second quarter ended September 30, 2019.
The mobile tower arm of Bharti Airtel had recorded a profit of Rs 600 crore in the same quarter a year ago.
"Bharti Infratel has continued on the positive trend in quarterly net additions on both towers and co-locations during the quarter ended September 30, 2019.
"We continue to believe that there is a strong growth potential in telecom passive infrastructure in the country as telecom networks keep pace with the continuing exponential data consumption growth," Akhil Gupta, Chairman, Bharti Infratel, said in a statement.
The company, however, reported a marginal dip in revenue to Rs 3,638 crore during the September quarter from Rs 3,668 crore in the year-ago period.
The company's mobile tower base increased by 1,298 year-on-year to 93,421 at the end of September 30, 2019.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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