Bharti Infratel rings loudly after reporting a 39% rise in Q1 consolidated net profit

Bharti Infratel is currently trading at Rs. 275.30, up by 11.20 points or 4.24% from its previous closing of Rs. 264.10 on the BSE.

The scrip opened at Rs. 269.90 and has touched a high and low of Rs. 279.20 and Rs. 267.05 respectively. So far 111213 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 333.80 on 08-Feb-2019 and a 52 week low of Rs. 241.80 on 04-Oct-2018.

Last one week high and low of the scrip stood at Rs. 279.20 and Rs. 257.30 respectively. The current market cap of the company is Rs. 51197.16 crore.

The promoters holding in the company stood at 53.51%, while Institutions and Non-Institutions held 45.44% and 1.01% respectively.

The company has reported a fall of 70.48% in its net profit at Rs 448.10 crore for the first quarter ended June 30, 2019, as compared to Rs 1,517.90 crore for the same quarter in the previous year. Total income of the company decreased by 37.82% at Rs 1,777.10 crore for Q1FY20 as compared Rs 2,858.00 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 39.03% in its net profit at Rs 887.00 crore for the quarter under review as compared to Rs 638.00 crore for the same quarter in the previous year. Total income of the company marginally increased by 2.58% at Rs 1,778.20 crore for Q1FY20 as compared Rs 1,733.40 crore for the corresponding quarter previous year.

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