Bharti Infratel net profit drops 12% to Rs 664 crore in April-June


New Delhi: On Tuesday Bharti Infratel posted a 12 per cent down in net profit to Rs 664 crore for the April-June quarter of the present fiscal. The corporation further stated that, it had reported net profit of Rs 756 crore in the similar period of FY2016-17.

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The consolidated revenue of Bharti Airtel augmented by 10 per cent to Rs3,524 crore throughout the April-June 2017 quarter next to Rs 3,211 crore reported in year before period. The consolidated numbers comprise the financials of the corporation and its proportionate share of 42 per cent holding in Indus Towers.

Bharti Infratel Chairman Akhil Gupta has also conveyed that, Indian telecom is heading towards a data centric business model as the demand for data is rising exponentially, with the nation determinedly embracing the digital world. He added that Bharti Infratel keeps on watching critical system rollouts for information scope and it trusts all administrators will additionally quicken their information organize rollout plans to snatch an offer in the developing information advertise.

“The Government of India’s Digital India program and Smart City extend represent extra chance to make foundation for sharing on a non-prejudicial premise,” he said. The organization included 191 versatile towers, taking the aggregate number to 90,837 towers toward the finish of June 30, 2017.

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A last profit of Rs. 4 for every value share for the year finished March 2017 has been endorsed by the investors in the yearly broad meeting dated July 22, 2017, the statement said.