Bharti Infratel shares gain over 3% on robust Q2 earnings
Core return metrics, such as return on equity and return on capital employed continue to show an upward trend, a note said.
By PTI | Updated:
MUMBAI: Shares of tower firm Bharti Infratel today rose over 3 per cent after the company reported a 68 per cent jump in its consolidated net profit for the quarter ended September 30, 2014.
Bharti Infratel's stock gained 3 per cent to Rs 299.25 on the BSE.
On the NSE, it was up 3.13 per cent at Rs 299.50. Bharti Infratel had yesterday reported a 68 per cent jump in consolidated net profit at Rs 465 crore for the September quarter on the back of increased number of tenants on towers.
The company had reported a net profit of Rs 277 crore in the corresponding period last financial year.
Revenue of the company rose 9 per cent to Rs 2,930 crore for the second quarter of 2015 fiscal as compared to Rs 2,684 crore last time, the company had said in a statement.
Bharti Infratel's stock gained 3 per cent to Rs 299.25 on the BSE.
On the NSE, it was up 3.13 per cent at Rs 299.50. Bharti Infratel had yesterday reported a 68 per cent jump in consolidated net profit at Rs 465 crore for the September quarter on the back of increased number of tenants on towers.
The company had reported a net profit of Rs 277 crore in the corresponding period last financial year.
Revenue of the company rose 9 per cent to Rs 2,930 crore for the second quarter of 2015 fiscal as compared to Rs 2,684 crore last time, the company had said in a statement.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
