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    HomeNewsBusinessEarningsBharti Infratel Q1 profit seen up 5% but operational performance may be weak

    Bharti Infratel Q1 profit seen up 5% but operational performance may be weak

    Operating profit may decline 3.2 percent to Rs 1,534.5 crore and margin may shrink 120 basis points to 43.8 percent compared with previous quarter.

    July 22, 2017 / 16:47 IST
       
       
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      Telecom tower infrastructure services provider Bharti Infratel is expected to report a 5.2 percent growth in profit at Rs 628 crore April-June quarter against Rs 596.6 crore in previous quarter.

      However, revenue during the quarter is seen falling 0.5 percent sequentially to Rs 3,504 crore, according to average of estimates of analysts polled by CNBC-TV18.

      Operating profit may decline 3.2 percent to Rs 1,534.5 crore and margin may shrink 120 basis points to 43.8 percent compared with previous quarter.

      The Street expects Infratel to increase its stake in Indus Towers (from 42 percent to 95 percent by buying out Idea Cellular and Vodafone's stake.

      first published: Jul 22, 2017 04:47 pm

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