Bharti Infratel posts 61% jump in net profit at Rs 964 crore in Q2FY20

Bharti Infratel on Monday posted 61 per cent jump in consolidated net profit at Rs 964 crore for the second quarter ended September 30, 2019.

The mobile tower arm of Bharti Airtel had recorded a profit of Rs 600 crore in the same quarter a year ago.

"Bharti Infratel has continued on the positive trend in quarterly net additions on both towers and co-locations during the quarter ended September 30, 2019.

"We continue to believe that there is a strong growth potential in telecom passive infrastructure in the country as telecom networks keep pace with the continuing exponential data consumption growth," Akhil Gupta, Chairman, Bharti Infratel, said in a statement.

The company, however, reported a marginal dip in revenue to Rs 3,638 crore during the September quarter from Rs 3,668 crore in the year-ago period.

The company's mobile tower base increased by 1,298 year-on-year to 93,421 at the end of September 30, 2019.