Bharti Infratel Q4 profit Rs 287 cr, up 34 percent

Bharti Infratel today announced Q4 profit of Rs 287 crore, up 34 percent Y-o-Y (year-on-year).

The company announced a total profit of Rs 1,000 crore for the full year ended 31st March, 2013. The consolidated revenues for Q4 is pegged at Rs 2,674 crore, up by 11 percent over the corresponding period last year. Consolidated EBITDA improved from Rs 911 crore to Rs 1,008 crore, up 11 percent Y-o-Y.

Consolidated Operating Free Cash Flow for the quarter was at Rs 494 crore which represents a decrease of 11 percent over the corresponding period last year on account of higher capex in the current quarter.

The consolidated revenues for the full year FY13 at Rs 10,272 Crore grew by 9 percent over the corresponding period last year. Consolidated EBITDA for the full year FY13 was Rs 3,835 crore and consolidated profit after tax was Rs 1,003 crore grew up by 9 percent and 34 percent respectively over the corresponding period last year.

The board of directors have proposed a full year dividend of Rs 4 per equity share for the year ended March 31, 2013 (including Interim dividend of Rs 1 per share already paid during the quarter ended
September 30, 2012). The total dividend payout inclusive of Rs 125 crore as tax on dividend will amount to Rs 865 Crore.

Akhil Gupta, vice chairman & managing director, Bharti Infratel said, "We are pleased that our results demonstrate and reaffirm our robust business model. As a result, despite relatively low capex deployment by telecom operators last year due to uncertainties in telecom sector, our results reflect the significant incremental gains from increased sharing of our infrastructure. With Data growing at a fast pace and focused approach by new operators, we expect increased deployment of new networks by operators in the coming year."