NSE Symbol: INFRATEL | BSE Code: 534816
In India, Infratel boasts of over 39,000 towers which are spread across 18 states and 11 telecom circles. The company aims to build businesses that impact society positively. The company is a pioneer of the Shared Tower Telecom Infrastructure services. The company provides tower infrastructure services. The towers installed by Bharti Infratel Limited are of two typesâ€”ground-based and roof-top.
Infratel was an Airtel subsidiary in the 1990s and early 2000s. In 2007, Bharti Infratel was established as a separate tower company. This was done to provide savings to telecom service providers by using Airtel's large tower base. In the latter part of 2007, Bharti Infratel, Vodafone, and Aditya Birla Telecom formed a joint venture, creating Indus Towers in which Infratel has about a 42% stake.
Mr. Akhil Gupta is the Chairman of the Board. Mr. Devender Singh Rawat is the Managing Director and Chief Executive Officer. Other than these two key people, the company has nine Independent and Non-Executive Directors.
Bharti Infratel Limited shares are traded on the BSE and the NSE.
NSE: INFRATEL EQ
ISIN code: INE121J01017
Industry: Infrastructure - General
Bharti Infratel Limited also forms a part of indices like Nifty 50, S&P BSE 500, et cetera.
It is also listed on the MCX Stock Exchange.
As of March 2018, Bharti Infratel Limited has a market capitalization of about Rs.63,200 crore.
According to the audited consolidated results, the company had a total income of Rs.17,163 million in the third quarter of FY18 which was up from the total revenue in the previous quarter which was Rs.16,738 million.
In the previous financial year, the company had a total income of Rs.15,478 million in the third quarter. Thus, we can see that the company has shown an increase in total revenue.
The total expenses incurred by the company in the third quarter of the FY18 was Rs.8,844 million which was also up from the total costs incurred by the company in the previous quarter which was Rs.8,609 million.
The total expenses incurred by the company in the third quarter of the previous financial year was Rs.8,188 crore.
The total profit before tax for the third quarter of FY18 was Rs.8,352 million which was a decrease from the total profit before tax in the previous quarter which was Rs.8,973 million.
In the third quarter of the FY17, the company made a total profit before tax of Rs.8,824 million.
The company made a gain of Rs.5,854 million after tax in the third quarter of the FY 18 and Rs.6,384 million in the second quarter of the FY18. In the third quarter of FY17, the company made a profit after tax of Rs.6,204 million.
The net segment assets as reported for the third quarter of the FY18 was Rs.1,89,759 million and the net segment liabilities as reported for the third quarter of the FY18 was Rs.25,835 million.
The assets had appreciated from Rs.1,82,971 million in the second quarter of FY18, and the liabilities had increased from Rs.24,552 million in the second quarter of FY18.
In January 2018, the stock opened at about Rs.369. Over the next few days, the stock gained about Rs.10. During the third week of January 2018, the stock dipped to a low of about Rs.343. The stock closed for the month at about Rs.351.
In February 2018, the stock opened at about Rs.346. For the whole of February 2018, the share remained below Rs.350. It closed for the month at about Rs.346.
In March 2018, the stock opened at about Rs.345. The stock dipped for the first week, with a low of about Rs.329. The stock gained at a price again to reach a high of about Rs.349, but this did not last. Towards the last week of March, the stock reached nearly Rs.342.
Bharti Infratel Limited has adopted green and sustainable practices in all its operations, causing it to be awarded the Green Initiative of the Year 2016 title.
In 2016, Bharti Infratel won the Top Telecom Tower Company of the Year 2016 award.
In 2017, the company was awarded the Gold Award â€“ Business Excellence Framework-2017.
The company received the Golden Peacock Award for Risk Management at the Singapore Global Convention.
The company has shown steady and forward thinking CSR activities in providing water and ensuring sanitation.
In 2018, the company again won the Gold Award â€“ Business Excellence Framework-2018.
The company has achieved a substantial profit in each of the last two quarters.
The total income of the company in FY18 was higher than the total revenue of the company in the FY17. It indicates the potential for profits.
The company provides telecom infrastructure for other companies indicating that it has a firm hold over the sector. It also implies that the company has many excellent sites at which it has built towers for telecommunication operations, resulting in a constant source of revenue for the company.
All of these awards indicate that the company is a well-performing company with a healthy and positive public image.
While these can indicate good signs for a person who is interested in investing in stocks of Bharti Infratel, it would be better to do personal research based on financial freedom and risk appetites before investing.
A lot of research and knowledge is required in stock market investments, and generally, they don't offer any tax benefits. Hence at mymoneykarma, we merely motivate our readers to invest in mutual funds. Investing in mutual funds doesn't require a lot of knowledge, and equity-linked mutual fund schemes also provide tax benefits. In addition to it, since mutual funds contain stocks from multiple companies, they help in building a diversified portfolio.
Note: The contents of this post/blog do not constitute any professional advice on a specific financial matter.
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