Bharti Infratel Limited has announced its audited consolidated proforma results for the first quarter ended June 30, 2016, based on IND AS audited results for the company and its associate JV, Indus Towers Ltd. where it holds 42 percent equity.
The consolidated revenues for the quarter at Rs.3211 crore grew by 7 percent over the corresponding period last year.
Consolidated EBITDA improved to '1408 crore up 9 percent Y-o-Y, representing an operating margin of 43.9 percent. Consolidated profit after tax increased by 71 percent Y-o-Y to Rs.756 crore for the quarter, while the operating free cash flow grew by 20 percent Y-o-Y to '958 crore for the quarter.
During the quarter, the company has taken approval of shareholders on the buyback of its equity shares for an issue size of Rs.2000 crore and is in the midst of completing the buyback process.