The company announced Q4 results during trading hours today, 30 April 2013.
Meanwhile, the S&P BSE Sensex was up 94.74 points or 0.49% at 19,482.24.
On BSE, 91,000 shares were traded in the counter as against average daily volume of 84,934 shares in past one quarter.
The stock hit a high of Rs 182.95 and a low of Rs 176.10 so far during the day. The stock had hit a record low of Rs 160.15 on 16 April 2013. The stock had hit a record high of Rs 215.50 on 29 January 2013.
The stock had underperformed the market over the past one month till 29 April 2013, rising 1.1% compared with the Sensex's 2.93% rise. The scrip had also underperformed the market in past one quarter, declining 15.85% as against Sensex's 3.02% fall.
The large-cap company has equity capital of Rs 1888.74 crore. Face value per share is Rs 10.
Shares of Bharti Infratel had witnessed a pre-result rally. The stock had rallied 9.41% to settle at Rs 178.90 on Monday, 29 April 2013, from Rs 163.50 on 16 April 2013.
Bharti Infratel's consolidated earnings before interest, taxation, depreciation, and amortization (EBITDA) rose 11% to Rs 1008 crore in Q4 March 2013 over Q4 March 2012. Operating free cash flow declined 11% to Rs 494 crore in Q4 March 2013 over Q4 March 2012, on account of higher capital expenditure (capex) in Q4 March 2013, Bharti Infratel said in a statement.
Bharti Infratel's consolidated net profit jumped 34% to Rs 1003 crore on 9% growth in revenue to Rs 10272 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). EBITDA rose 9% to Rs 3835 crore in FY 2013 over FY 2012.
Commenting on the company's performance, Akhil Gupta, Vice Chairman & Managing Director, Bharti Infratel said, "We are pleased that our results demonstrate and reaffirm our robust business model. As a result, despite relatively low capex deployment by telecom operators last year due to uncertainties in telecom sector, our results reflect the significant incremental gains from increased sharing of our infrastructure. With Data growing at a fast pace and focused approach by new operators, we expect increased deployment of new networks by operators in the coming year".
Bharti Infratel's board of directors at a meeting held today, 30 April 2013, recommended dividend of Rs 3 per share for FY 2013.
Bharti Infratel is India's leading provider of tower and related infrastructure and it deploys, owns and manages telecom towers and communication structures, for various mobile operators.
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