Bharti Infratel Q2 net profit declines 24%


Telecom infrastructure firm Bharti Infratel on Thursday posted a 24% decline in consolidated net profit to โ‚น733 crore for the second quarter ended September 30, from a year earlier.

Revenue inched up 2% to โ‚น3,695 crore.

Chairman Akhil Gupta said that the National Company Law Tribunal had accorded approval to the merger of Indus and Bharti Infratel.

โ€œThe filing with the Registrar of Companies after the final closing based on agreed closing adjustments is likely to be done within 30 days,โ€ Mr. Gupta added.

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