Bharti Infratel, the mobile tower unit of Bharti Airtel, has reported a 34.3 per cent increase in its net profit to Rs 287 crore during the quarter ended of March 31, 2013 compared to Rs 214 crore in the corresponding quarter last year.
Revenue grew 11.3 per cent to Rs 2,674 crore.The sharing revenue per tower per month has increased marginally by 1.8 per cent to Rs 66,919.
The board of directors has proposed a full year dividend of Rs 4 per equity share for the year ended March 31, 2013 (including Interim dividend of Rs 1 per share already paid during the quarter ended September 30, 2012). The total dividend payout inclusive of Rs 125 crore as tax on dividend will amount to Rs 865 crore.
Akhil Gupta, Vice-Chairman & Managing Director, Bharti Infratel Ltd, said: “Despite relatively low capex deployment by telecom operators last year due to uncertainties in telecom sector, our results reflect the significant incremental gains from increased sharing of our infrastructure. With data growing at a fast pace and focused approach by new operators, we expect increased deployment of new networks by operators in the coming year."
The company's shares were down marginally by 0.39 per cent to Rs 178.20 at 10.45 a.m. on Tuesday on the BSE.