Bharti Infratel tumbles

about 17 days ago
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Bharti Infratel, on the back of a 6% (YoY) drop in consolidated revenue at Rs.3505 crore, posted a 21% decline in net profit at Rs.704 crore. Apart from the fall in topline, what also dented the bottomline was the 27% surge in finance outgo at Rs.142.50 crore.

Its average sharing factor (ASF) fell to 1.82 from 1.87 (YoY); this in turn led to a 4% drop in revenue sharing per tower to Rs.78.219.

EBITDA fell 7% to Rs.1807 crore.

The company during the quarter has reported co-locations reduction of 1,228 basis exit notices received. However as at June 30, 2020, there are cumulative 3,474 co-locations for which though the exit notices have been received but actual exits have not happened. Its total Tower base is at 95,801.

The operating free cash flow was up 5% (YoY) at Rs.1267 crore.

The numbers have received a thumbs down and the stock price tumbled down 3.5% to Rs.187.85. It currently trades in the red at Rs.189 levels.

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