Telecom infrastructure provider Bharti Infratel on Wednesday reported consolidated net profit of ₹585 crore for the third quarter ended December 31, 2017 down 6 per cent as compared with ₹620 crore in the corresponding quarter previous year.

However, the consolidated revenue for the quarter, was up 7 per cent year-on-year (YoY) to ₹ 3,655 crore as against ₹3,401 crore in October-December 2016.

“With our reach, financial strength and operational expertise, we are in the best position to capture what we believe is a big potential for our industry based on exciting data-based demand,” Akhil Gupta, Chairman, Bharti Infratel, said sighting that the Indian telecom industry is transforming with unprecedented consolidation.

“Inevitably and as anticipated, we saw exits of co-locations from such consolidating operators this quarter. While there would be more exits on this account in coming few quarters, we expect the overall long-term impact to be positive due to expected accelerated step-up of nationwide 4G rollouts by remaining operators,” he said.

Consolidated EBITDA improved to ₹1,613 crore up 8 per cent YoY, representing an operating margin of 44 per cent. Consolidated EBIT improved to ₹1,009 crore up 10 per YoY and the operating free cash flow grew by 21 per cent YoY to ₹970 crore for the quarter, the company said.

Shares of Bharti Infratel closed at ₹366.40 on the BSE on Wednesday, down 0.18 per cent from the previous close.

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