Bharti Infratel Limited announced its audited Consolidated Proforma results for the second quarter ended September 30, 2017
The Consolidated revenues for the quarter, at Rs. 3,648 Crore grew by 11% over the corresponding period last year.
Consolidated EBITDA improved to Rs. 1,634 Crore up 12% Y-o-Y, representing an operating margin of 44.8%. Consolidated EBIT improved to Rs. 1,021 Crore up 15% Y-o-Y. The Operating Free Cash Flow grew by 31% Y-o-Y to Rs. 1,224 Crore for the quarter.
Akhil Gupta, Chairman, Bharti Infratel Limited, said:“Indian telecom has embraced the data centric model and is emerging as the showcase of digital technology with operators rolling out 4G networks and India planning a leadership role on upcoming 5G technology and associated applications.
The Board of Directors of Bharti Infratel Limited, has decided to explore and evaluate acquisition of stake in one or more tranches in Indus Towers Limited with the aim of making it a subsidiary or wholly owned subsidiary of Bharti Infratel Limited.