Bharti Infratel rose 3.25% to Rs 211 at 11:02 IST on BSE after consolidated net profit jumped 64.43% to Rs 472.40 crore on 3.97% increase in total income to Rs 2934.40 crore in Q4 March 2014 over Q4 March 2013.
The company announced the result on Thursday, 24 April 2014.
Meanwhile, the BSE Sensex was down 3.59 points, or 0.02%, to 22,872.95.
On BSE, so far 93,000 shares were traded in the counter, compared with an average volume of 1.53 lakh shares in the past one quarter.
The stock hit a high of Rs 212.30 and a low of Rs 208.15 so far during the day. The stock hit a 52-week high of Rs 214.70 on 7 March 2014. The stock hit a 52-week low of Rs 126.05 on 28 August 2013.
The stock had underperformed the market over the past one month till 23 April 2014, rising 3.29% compared with the Sensex's 5.15% rise. The scrip had , however, outperformed the market in past one quarter, rising 21.71% as against Sensex's 7.03% rise.
The large-cap company has an equity capital of Rs 1889.30 crore. Face value per share is Rs 10.
Bharti Infratel's earnings before interest, taxes, depreciation and amortization (EBITDA) rose 16% to Rs 1160 crore in Q4 March 2014 over Q4 March 2013.
On a consolidated basis, net profit jumped 51.41% to Rs 1517.90 crore on 6.27% increase in total income to Rs 11275.40 crore in the year ended March 2014 over the year ended March 2013. EBITDA rose 16% to Rs 4412 crore in the year ended March 2014 over the year ended March 2013.
Bharti lnfratel crossed sharing factor of 2 as at 31 March 2014 (with average sharing factors of 1.96 on consolidated basis).
Akhil Gupta, Chairman, Bharti lnfratel said: "The regulatory environment in telecom sector has improved significantly post the spectrum auctions conducted in February 2014. Operators have made large investments, primarily for data networks using 3G and 4G (LTE) technologies. We believe that faster roll out of networks will happen over coming years in order to monetize these investments. The Telecom Industry is entering a new phase and data proliferation will be the key driver for tower and co-location demand in future. Bharti lnfratel is well positioned to cater to this demand and garner a major share thereof."
Bharti lntratel is lndia's leading provider of tower and related infrastructure and it deploys, owns and manages telecom towers and communication structures, for various mobile operators. The company's consolidated portfolio of over 83,000 telecom towers, which includes over 35,000 of its own towers and the balance from its 42% equity interest in Indus Towers, makes it one of the largest tower infrastructure providers in the country with presence in all 22 telecom circles.
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