Bharti Infratel Ltd posts Rs. 732.6 crore consolidated PAT in Q2FY21

BHARTI INFRATEL LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1788.6 crores during the period ended September 30, 2020 as compared to Rs.1651.9 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.732.6 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.703.6 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.3.961 for the period ended September 30, 2020 as compared to Rs.3.804 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 1788.6 crs	₹ 1651.9 crs	8.28%
Net Profit	₹ 732.6 crs	₹ 703.6 crs	4.12%
EPS	₹ 3.961	₹ 3.804	4.13%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.1788.6 crores during the period ended September 30, 2020 as compared to Rs.1688.3 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.732.6 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.963.5 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.3.961 for the period ended September 30, 2020 as compared to Rs.5.211 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 1788.6 crs	₹ 1688.3 crs	5.94%
Net Profit	₹ 732.6 crs	₹ 963.5 crs	-23.96%
EPS	₹ 3.961	₹ 5.211	-23.99%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.3440.5 crores during the 6 months period ended September 30, 2020 as compared to Rs.3466.5 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.1436.2 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.1850.5 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.7.765 for the 6 months period ended September 30, 2020 as compared to Rs.10.008 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 3440.5 crs	₹ 3466.5 crs	-0.75%
Net Profit	₹ 1436.2 crs	₹ 1850.5 crs	-22.39%
EPS	₹ 7.765	₹10.008	-22.41%

Akhil Gupta, Chairman, Bharti Infratel Limited, said: "In a major development relating to merger of Indus and Infratel, National Company Law Tribunal (NCLT) has given its approval to the aforesaid merger which has been in process for a long time. The filing with Registrar of Companies (ROC) post final closing based on agreed closing adjustments is likely to be done within 30 days. To facilitate integration and to ensure continuity, the Board of Directors of Infratel today appointed Mr. Bimal Dayal, the current MD & CEO of Indus Towers and the proposed CEO of the merged entity by the Shareholder Groups (Bharti Airtel and Vodafone Plc) as the MD of Bharti Infratel with immediate effect."

On the operational side, both Indus and Infratel have continued supporting the telecom service providers in enhancing connectivity in the ongoing Covid-19 crisis. During the quarter, we have witnessed the highest net tower additions in the last eight years and the highest net colocation additions in the last three years. This is testament to the demand potential for telecom services and therefore telecom infrastructure in the country. Also with major regulatory uncertainties behind us, we expect operators to focus on their networks both in expanding the reach and coverage of 4G and introduction of newer technologies in the future. With a strong balance sheet along with industry leadership, we remain well poised to be the beneficiaries of data-led growth in the sector."

Shares of BHARTI INFRATEL LTD. was last trading in BSE at Rs.192.5 as compared to the previous close of Rs. 190.05. The total number of shares traded during the day was 216041 in over 3532 trades.

The stock hit an intraday high of Rs. 193.5 and intraday low of 188.4. The net turnover during the day was Rs. 41253254.

Source : Equity Bulls

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