Bharti Infratel Q2 profit seen up 7%, any announcement of tower sale deal key to watch

Tower infrastructure services provider Bharti Infratel is likely to report a 7 percent growth in profit at Rs 712 crore for quarter ended September 2017.

Profit in same quarter last fiscal stood at Rs 663 crore.

Analysts expect a good quarter for the company. Margin and revenue are expected to remain stable driven by tenancy growth due to Reliance Jio's aggressive capex.

Revenue during the quarter is seen rising 4 percent to Rs 3,654 crore compared with Rs 3,523 crore in corresponding quarter previous year, according to average of estimates of analysts polled by CNBC-TV18.

EBITDA (earnings before interest, tax, depreciation and amortisation) may grow 13 percent to Rs 1,631 crore and margin is expected to be 44.4 percent against 44.7 percent YoY.

Consolidated tower additions may be around 306 and tenancy additions 4,400.

Analysts feel net tenancy addition may decelerate post robust addition from Jio in last 3 quarters but healthy energy margins for Bharti Infral may aid operating performance.

Key thing to watch out for will be any announcement regarding deal with KKR.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.