Mr. Keshav Lahoti - Associate Equity Analyst, Angel Broking Ltd
On a consolidated basis for Q2FY21, Bharti Infratel revenue increased by 2% YoY to ₹3,695 cr beats street expectation of ₹3,554 cr. Operating free cash flows at ₹1,035 Crore was down 4% YoY. EBIDTA and PAT were down by 3% and 24% YoY respectively. Company reported profit of ₹733 cr against consensus estimates of ₹750 cr. Total Tower base was 97,283 with closing sharing factor of 1.81. The return on equity pre-tax and post-tax decreased to 29.1% and 21.8% as against 32.6% and 28.1% respectively on YoY basis. On the operational side, both Indus and Infratel have continued supporting the telecom service providers in enhancing connectivity in the ongoing Covid-19 crisis. During the quarter, Company has witnessed the highest net tower additions in the last eight years.We believe Company is key beneficiary of increase in data usage and survival of Vodafone-Idea in the industry as they earn good profits when their tower is shared by at least two operators.
Shares of BHARTI INFRATEL LTD. was last trading in BSE at Rs.196.05 as compared to the previous close of Rs. 192.5. The total number of shares traded during the day was 184883 in over 2222 trades.
The stock hit an intraday high of Rs. 196.6 and intraday low of 190.8. The net turnover during the day was Rs. 35727027.