MUMBAI, Oct 28: Shares of tower firm Bharti Infratel today rose over 3 per cent after the company reported a 68 per cent jump in its consolidated net profit for the quarter ended September 30, 2014.
Bharti Infratel’s stock gained 3 per cent to Rs 299.25 on the BSE.
On the NSE, it was up 3.13 per cent at Rs 299.50.
Bharti Infratel had yesterday reported a 68 per cent jump in consolidated net profit at Rs 465 crore for the September quarter on the back of increased number of tenants on towers.
The company had reported a net profit of Rs 277 crore in the corresponding period last financial year.
Revenue of the company rose 9 per cent to Rs 2,930 crore for the second quarter of 2015 fiscal as compared to Rs 2,684 crore last time, the company had said in a statement. (PTI)
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