Bharti Infratel rose 1.36% to Rs 369.05 at 11:40 IST on BSE after consolidated net profit fell 16.95% to Rs 596.60 crore on 13.20% increase in net sales to Rs 1605.30 crore in Q4 March 2017 over Q4 March 2016.
The result was announced after market hours yesterday, 9 May 2017.Meanwhile, the S&P BSE Sensex was up 31.14 points, or 0.10% to 29,957.29.
On the BSE, 94,557 shares were traded in the counter so far, compared with average daily volumes of 71.99 lakh shares in the past one quarter. The stock had hit a high of Rs 370.70 and a low of Rs 356 so far during the day.
The stock hit a 52-week high of Rs 412.55 on 28 July 2016. The stock hit a 52-week low of Rs 283.10 on 28 February 2017.
The stock had outperformed the market over the past one month till 8 May 2017, rising 4.75% compared with 0.74% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.54% as against Sensex's 5.61% rise.
The large-cap company has equity capital of Rs 1849.61 crore. Face value per share is Rs 10.
Consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) rose 8% to Rs 1585 crore in Q4 March 2017 over Q4 March 2016.
On a consolidated basis, Bharti Infratel's net profit rose 22.23% to Rs 2747 crore on 9.47% increase in net sales to Rs 6084.70 crore in the year ended March 2017 over the year ended March 2016.
Consolidated EBITDA rose 9% to Rs 5942 crore in the year ended March 2017 over the year ended March 2016.
Bharti Infratel is one of the leading providers of tower and related infrastructure. It deploys, owns and manages telecom towers and communication structures, for various mobile operators.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)