Bharti Infratel hits 52-week low on disappointing Q4 results

The stock hit 52-week low of Rs 316, down 3.6% on the BSE in intra-day trade

Bharti Infratel hit 52-week low of Rs 316, down 3.6% on the BSE in intra-day trade after telecom tower company reported a lower than expected 2% year on year (Y-o-Y) rise in consolidated net profit of Rs 6.06 billion in March quarter (Q4FY18).

Analysts on average expected the company to post a profit of Rs 6.77 billion for the quarter.

Revenue of the company during the quarter under review grew 4% at Rs 36.62 billion against Rs 35.20 billion in the corresponding quarter of previous fiscal. EBITDA (earnings before interest, tax, depreciation and amortization) margin declined to 43.8%