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Bharti Infratel has registered a consolidated net profit of ₹606 crore, up 2 per cent, for the quarter ended March 2018.
The company registered a consolidated net profit of ₹597 crore for the same period last year.
The company’s consolidated revenue stood at ₹3,662 crore, up 4 per cent, for the period January-March 2018 as opposed to ₹3,520 crore for the comparable quarter last year.
Consolidated revenues for the year ended March 2018 were ₹14,490 crore, up 8 per cent, over the previous year’s ₹13,423 crore.
The net profit for the year ending March 2018 was ₹2,494 crore, down 10 per cent, compared to ₹2,747 crore for the year ended March 2017.
Akhil Gupta, Chairman, Bharti Infratel Ltd, said that last fiscal saw a consolidation in the telecom industry with merger or shutdown of five operators.
The company reported loss of 22,134 co-locations on this account during the year, he added.
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