Bharti Infratel net profit for third quarter ended December 31, 2018 was Rs. 648 Crore, up 11 per cent Y-o-Y.
The consolidated revenue for the quarter was Rs. 3,640 Crore, down 0.4% Y-o-Y. Consolidated EBITDA was at Rs. 1,513 Crore, representing an operating margin of 41.6%. The Operating Free Cash Flow was at Rs. 1,093 Crore for the quarter.
Despite major co-location exits in the quarter and during the year due to consolidation in telecom industry, the company has been able to achieve net profit and operating free cash flow growth of 11% and 13% respectively on Y-o-Y basis. The Return on Equity (pre-tax and post-tax) also improved to 27.4% and 16.4% as against 24.7% and 14.6% respectively on Y-o-Y basis.
Akhil Gupta, Chairman, Bharti Infratel said, “The consolidation and integration phase in Indian telecom industry along with exits of co-locations is largely over. We are now looking at the next phase of network and related infrastructure rollouts by operators – first for 4G and subsequently for rapidly evolving 5G, to cater to ever growing demand for data. These would require large investments, thereby presenting potential for sizeable growth for passive infrastructure companies going forward. With our nation-wide coverage, strong financial and operational status, we believe that we continue to be best placed to be the partner of choice for all operators for their passive infrastructure needs going forward”.