Bharti Infratel gained 2.43% to Rs 419.45 at 11:16 IST on BSE after the company announced Q1 results after market hours yesterday, 24 July 2017.
Meanwhile, the S&P BSE Sensex was up 19.57 points, or 0.06% to 32,265.44.
On the BSE, 64,950 shares were traded in the counter so far, compared with average daily volumes of 1.52 lakh shares in the past one quarter. The stock had hit a high of Rs 424.60 and a low of Rs 416.90 so far during the day.
The stock had hit a 52-week high of Rs 439 on 19 July 2017. The stock had hit a 52-week low of Rs 283.10 on 28 February 2017.
The stock had outperformed the market over the past one month till 24 July 2017, rising 10.01% compared with 3.56% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 14.21% as against Sensex's 8.73% rise. The scrip had, however, underperformed the market in past one year, rising 13.36% as against Sensex's 15.98% rise.
The large-cap company has equity capital of Rs 1849.61 crore. Face value per share is Rs 10.
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Bharti Infratel's consolidated net profit fell 12% to Rs 664 crore on 10% increase in revenues to Rs 3524 crore in Q1 June 2017 over Q1 June 2016. EBITDA (earnings before interest, taxes, depreciation and amortization) margin rose to 44.7% in Q1 June 2017 from 43.9% in Q1 June 2016.
Akhil Gupta, Chairman, Bharti Infratel said that the company continues to observe significant network rollouts for data coverage and the company believes all operators will further accelerate their data network rollout plans to grab a share in the growing data market.
The Government of India's Digital India program and Smart City project pose additional opportunity to create infrastructure for sharing on a nondiscriminatory basis. As Bharti Infratel and Indus Towers, the company is well positioned to grab our fair share of the emerging data led growth market and build vital infrastructure for Smart Cities for sharing on nondiscriminatory basis, he added.
Bharti Infratel is a provider of tower and related infrastructure sharing services.
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