New Delhi: Bharti Infratel Ltd, the telecom tower unit of India's largest cellular services provider Bharti Airtel Ltd, Tuesday reported a 34.3% jump in its fiscal fourth quarter (Jan-Mar) consolidated net profit at Rs 2.87 billion against Rs 2.14 billion in the year ago period, on account of higher other income.
The results were announced as per IGAAP.
Revenue of the company rose 11.3% to Rs 26.74 billion in the quarter ended Mar 31, 2013 from Rs 24.03 billion in the same quarter of fiscal 2011-12, Bharti Infratel said in a statement.
".. our results reflect the significant incremental gains from increased sharing of our infrastructure. With Data growing at a fast pace and focused approach by new operators, we expect increased deployment of new networks by operators in the coming year," Akhil Gupta, vice chairman and managing director of Bharti Infratel, said in the statement.
Other income of the company more than doubled year-on-year to Rs 1.37 billion during the quarter.
The tower unit's power and fuel expenses grew 19.6% on-year to Rs 9.82 billion in the three months ended Mar 31, 2013.
During the Jan-Mar quarter, the earnings before interest, tax, depreciation and amortization (EBITDA) margins fell marginally to 37.7% from 37.9% in the year ago period.
Finance costs increased 21.7% on-year to Rs 1.07 billion in the quarter ended Mar 31, 2013.
Total expenses for the three months to Mar 31, 2013 rose 9.7% on-year to Rs 22.34 billion.