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Business News/ Companies / Bharti Infratel’s Q1 profit rises 29%
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Bharti Infratel’s Q1 profit rises 29%

Bharti Infratel's net profit surges to `463 crore in June quarter from `358 crore year earlier

Bharti Infratel reported consolidated total expenses for the June quarter, at `1,657.6 crore. Photo: Ramesh Pathania/MintPremium
Bharti Infratel reported consolidated total expenses for the June quarter, at `1,657.6 crore. Photo: Ramesh Pathania/Mint

New Delhi: Bharti Infratel Ltd, the telecom tower unit of India’s biggest mobile phone operator, said on Thursday that fiscal first-quarter profit rose 29% as more users accessed the Internet on their phones, increasing demand for telecom infrastructure.

Net profit rose to 463 crore in the three months ended 30 June from 358 crore in the year- earlier period, said the company, a unit of Bharti Airtel Ltd. Revenue rose 8% to 2,843 crore from 2,622 crore.

Bharti Infratel reported consolidated total expenses for the quarter, at 1,657.6 crore. The largest component of the expenses was power and fuel, amounting to 1,056.6 crore.

The company said it will pay shareholders 4.5 per share as an interim dividend.

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Published: 24 Jul 2014, 07:58 PM IST
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