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Bharti Infratel Q4 Net Profit Jumps 64 Per cent

Tower firm Bharti Infratel had reported a net profit of Rs 287 crore in the corresponding period last year.

Published: 24th April 2014 11:54 AM  |   Last Updated: 24th April 2014 01:17 PM   |  A+A-

By PTI

Tower firm Bharti Infratel Thursday reported a 64 per cent jump in its net profit at Rs 472 crore for the quarter ended March 31, 2014.

The company had reported a net profit of Rs 287 crore in the corresponding period last year.

The revenues of the company grew 4 per cent to Rs 2,790 crore for the reported period as compared to Rs 2,674 crore in the same period last year.

"The regulatory environment in teleco sector has improved significantly post the spectrum auctions conducted in February 2014.

"Operators have made large investments, primarily for data networks. We believe that faster roll-out of networks will happen over the coming years to monetise these investments," Bharti Infratel Chairman Akhil Gupta said in a statement.

For the fiscal 2013-14, the company reported a net profit of Rs 1,518 crore as compared to Rs 1,003 crore last time.

Full year revenues were up by 5 per cent to Rs 10,827 crore as compared to Rs 10,272 crore.

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