Bharti Infratel Limited net profit up 11 percent year-on-year

Bharti Infratel Limited announced its audited consolidated proforma results for the third quarter ended December 31, 2018. The consolidated revenue for the quarter was Rs 3640 crore. Consolidated EBITDA was at Rs 1513 crore, representing an operating margin of 41.6 percent. The operating free cash flow was at Rs 1093 crore for the quarter. The net profit for the quarter was Rs 648 crore.

Despite major co-location exits in the quarter and during the year due to consolidation in telecom industry, the company has been able to achieve net profit and operating free cash flow growth of 11 percent and 13 percent respectively year-on-year basis. The return on equity (pre-tax and post-tax) also improved to 27.4 percent and 16.4 percent as against 24.7 percent and 14.6 percent respectively year-on-year basis.