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Bharti Infratel Limited today posted a 64% (Rs 472 Crore) up net profit in its audited Consolidated IGAAP results for the forth quarter and full year ended March 31, 2014.
The consolidate revenues for the quarter, at Rs. 2,790 Crore grew by 4% over the corresponding period last year. Consolidated EBITDA improved to Rs. 1,160 Crore, up 16% Y-o-Y, representing an operating margin of 42% and Consolidated EBIT at Rs 637 Crore, witnessed a 49% Y-o-Y growth. Consolidated profit after tax came in at Rs 472 Crore, up by 64% Y-o-Y, the company said.
Consolidated Operating Free Cash Flow for the quarter was at Rs 539 Crore which represet an increase of 12% over the corresponding period last year on account of higher operating income.
The Consolidated revenues for the full year FY14 at Rs.10, 827 Crore grew by 5% over the corresponding period last year. Consolidated EBITDA for the full year FY14 was Rs 4,412 Crore and consolidated profit after tax was Rs 1,518 Crore grew up by 16% and 51% respectively over the corresponding period last year.
The Board of Directors have proposed a dividend of Rs 4.40 per share for the year. The total dividend including the DDT is approximately 90% of the current year profits.
The payment of proposed final dividend proposed is subject to approval of the shareholders in the ensuing annual general meeting of the company.
Akhil Gupta, Chairman, Bharti Infratel Limited, said in a statement, “The regulatory environment in telecom sector has improved significantly post the spectrum auctions conducted in February 2014. Operators have made large investments, primarily for data networks using 3G and 4G (LTE) technologies. We believe that faster roll out of networks will happen over coming years investments. The Telecom Industry is entering a new phase and data proliferation will be the key driver for tower and co-location demand in future.”