Bharti Infratel posts Rs 650 crore net profit in Q4 FY 20

Bharti Infratel posts Rs 650 crore net profit in Q4 FY 20

Mobile Tower

Bharti Infratel on Thursday announced the financial reports for the quarter ending March 31, 2020. Bharti Infratel posted a net profit of Rs 650 crores in Q4 FY 20, up by 7% Y-o-Y.

Results Summary

  • Consolidated revenue of Rs 3624 crores, up by 1% Y-o-Y
  • EBIDTA at Rs 1721 crores, up by 12% Y-o-Y
  • PAT at Rs 650 crores, up by 7% Y-o-Y
  • FY 20 revenue at Rs 14,647 crores
  • FY 20 EBIDTA at Rs 7442 cores, up by 23% Y-o-Y
  • FY 20 PAT at Rs 3,299 crores, up by 32% Y-o-Y

Infratel’s revenue stood at Rs 3,624 crores in Q4 FY 20 compared to Rs 3,600 crores in Q4 FY 19. EDIBTA stood at Rs 1,721 crores in Q4 FY 20 compared to Rs 1,534 crores in Q4 FY 19. The net profit in Q4 FY 20 stood at Rs 650 crores compared to Rs 608 crores in Q4 FY 19.

Revenue in FY 20 stood at Rs 14,647 crores as compared to Rs 14,582 crores in FY 19. EBIDTA in FY 20 stood at Rs 7,742 crores as compared to Rs 6,073 crores in FY 19. Profit after tax in FY 20 stood at Rs 3,299 crores as compared to Rs 2,494 crores in FY 19.

Infratel has around 95,372 total towers in the country along with 174,581 total co-locations. The sharing revenue per tower stood at Rs 79,153 per month. The closing sharing factor stood at Rs 1.83.

“After a few tumultuous years, the Indian Telecom industry took much needed constructive measures in the year gone by in the form of tariff increases. This along with encouraging trends on overall wireless data consumption has led to enhanced focus on improving the quality of networks. As a result, during the year both Bharti Infratel and Indus Towers witnessed an increase in gross additions both on towers and co-locations on a year-on-year basis. We believe this is a harbinger of the future especially as witnessed in the current environment of the Covid-19 crisis, where the nation’s dependence on wireless networks has been further elevated. We as part of the telecom passive infrastructure industry are fully committed to supporting the Government and our customers, the telecom operators in the journey of India becoming a global benchmark in digital connectivity and inclusion.”

Akhil Gupta, Chairman, Bharti Infratel Limited

Bharti Infratel is a provider of passive telecom infrastructure which deploys, owns and manages telecom towers, and communication structures for various mobile operators including Bharti Airtel, Vodafone Idea, and Reliance Jio.

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