Bharti Infratel Q4 Consolidated Profit Up By 15% To Rs 472 crore

India's largest telecom tower service provider, Bharti Infratel (BIL), today (April 24, 2014) came out with its year end and March'14 quarter result. The company posted good growth in its bottomline on both year-on-year and sequential basis, while it reported a muted topline growth for the period. Consolidated bottomline of the company jumped by 15% to Rs 472 crore during March quarter compared with its previous quarter. Its topline for the similar period stands at Rs 2790 crore by showing a growth of 2% sequentially.

On expenses front, BIL's total operating expenses on QoQ basis stood the same at 58.7% of the net sales, with its major expenses comprising of power and fuel, rent and repair expenses. Further, its EBITDA improved by 3% to Rs 1160 crore. The EBITDA margin expanded by 20 basis points to 41.6% on sequential basis. On consolidated basis, BIL added a total of 3832 net co-locations during the March quarter, reaching its net co-locations added during FY14 to 10596, which has increased 90% as compared to its previous year.

Moving to the financial year ended March'14, the management said, the result stood at a satisfactory level during the year. Consolidated revenue registered a growth of 5% at Rs 10827 crore on yearly basis. Interestingly, the consolidated net profit for the full year zoomed by 51%, against Rs 1002.5 crore. EBITDA and net margin for the company extended by 360 basis points to 40.6% and 420 basis points to 14% respectively.

The telecom company, installed a total of 83368 towers as of March 31, 2014. The revenue per tower per month has also improved by 2% on sequential basis. BIL also, proposed a final dividend of Rs 4.4 per share with the result announcement.