Bharti Infratel climbs 3% ahead of Q4 results; here’s what to expect

NEW DELHI: Shares of Bharti Infratel advanced over 3 per cent in Thursday’s trade ahead of its financial results for the quarter ended March 31 later in the day.

The scrip traded 3.10 per cent up at Rs 172.70 at around 9.30 am (IST), while the benchmark BSE Sensex was up 61 points, or 0.19 per cent, at 31,429 at around the same time.

Kotak Institutional Equities projects a 33.30 per cent and 1.1 per cent YoY growth in adjusted profit after tax and net sales for Bharti Infratel in Q4FY20. ICICIdirect sees a 27.80 per cent YoY rise in net profit at Rs 776.80 crore.


On the other hand, Dolat Capital believes that the company due to annuity model will be least impacted from Covid-19.

“Core rental revenue we expect to increase 6.20 per cent YoY but will be partly offset by a decline in energy reimbursements. Decline in PAT YoY led by higher finance cost,” the brokerage house said.

Dolat Capital projects a 15.30 per cent YoY fall in profit after tax on 2.10 per cent YoY growth in sales.

The shares of the company closed 0.90 per cent lower at Rs 166 on BSE.