Bharti Infratel Q4 profit at Rs. 606 crore up 4%

Bharti Infratel fourth quarter revenues ended March 31, 2018 stood at Rs. 3,662 crore up 4% Y-o-Y whereas profit after tax stood at Rs. 606 crore up 2% Y-o-Y.

The consolidated revenues for the year at Rs. 14,490 crore grew by 8% over the corresponding period last year. Consolidated EBITDA improved to Rs. 6,427 crore up 8% Y-o-Y, representing an operating margin of 44.4%. Consolidated EBIT improved to Rs. 4,034 crore up 11% Y-o-Y. The operating free cash flow grew by 13% Y-o-Y to Rs. 4,202 crore for the year. The net profit for the year was Rs. 2,494 crore.

Due to loss of 22,134 co-locations during the year on account of five operators ceasing to continue either on account of shutting down operations or merging with others, the financial results for the quarter showed lower growth rates on a Y-o-Y basis with consolidated revenue growth at 4% YoY, consolidated EBITDA at 1%, consolidated EBIT as 2%, PAT at 2% and OFCF at -1%.

Dividend of Rs 14 per equity share for the year ended March 2018 has been recommended by the Board of Directors in its meeting held on April 23, 2018.

Akhil Gupta, Chairman, Bharti Infratel said, “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 on this account during the year. 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.”

 Total tower base of Bharti Infratel 91,451 with closing sharing factor of 2.25.

 

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