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INDUSTOWER - Indus Towers News Story

₹254.6 -4.7  -1.8%

Last Trade - 07/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £6.71bn
Enterprise Value £8.20bn
Revenue £1.37bn
Position in Universe 63rd / 3107

India's Bharti Infratel Q4 profit misses on drop in tenancies

Mon 23rd April, 2018 1:15pm
April 23 (Reuters) - Indian telecom tower company Bharti
Infratel Ltd  BHRI.NS  on Monday posted a 1.6 percent rise in
fourth-quarter profit, but missed analysts' estimate, hurt by
loss in tenancies as mobile carriers in the country either shut
down or consolidated their operations.
    The company's profit came in at 6.06 billion rupees ($91.24
million) in the quarter ended March 31, compared with 5.97
billion rupees a year earlier, the company said https://www.bseindia.com/xml-data/corpfiling/AttachLive/3a4a5b1c-e884-4344-9e03-5ad9b8c2cd8b.pdf.
 
    Analysts on average expected the company to post a profit of
6.87 billion rupees, Thomson Reuters data showed.
    The company lost 22,134 co-locations during the year, Bharti
Infratel added.

($1 = 66.4150 Indian rupees)
    

 (Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by
Sherry Jacob-Phillips)
 ((Jessica.Kuruthukulangara@thomsonreuters.com;
+91-80-6749-7142; Reuters Messaging:
Jessica.Kuruthukulangara.reuters.com@reuters.net))
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