Bharti Infratel, the tower arm of the service provider Bharti Airtel, has reported a growth of 67.6 per cent in its net profit for the quarter ended June 30, 2013.

The company’s net profit has increased from Rs 2.13 billion in the quarter ended June 30, 2012 to Rs 3.57 billion in the corresponding quarter in 2013. The tower company’s total income for the quarter under review stood at Rs 26.22 billion as against Rs 24.16 billion in the corresponding period in 2012.

As of June 2013, the company’s total tower base stood at 82,321 with a tenancy ratio of 1.91. For the quarter ended June 30, 2013, Bharti Infratel reported earnings before interest, taxes, depreciation, and amortisation (EBITDA) of Rs 10.55 billion as compared to EBITDA of Rs 8.86 billion reported during the corresponding quarter in 2012.

Commenting on the results, Akhil Gupta, vice-chairman and managing director, Bharti Infratel, said, “Bharti Infratel’s results demonstrate and reaffirm the company’s robust business model, whereby despite relatively low capex deployment by operators in the current quarter, the company had significant incremental financial gains from increased sharing of its infrastructure.”

During the quarter under review, the Delhi High Court sanctioned the merger of Bharti Infratel Ventures Limited, the tower company’s wholly-owned subsidiary with Indus Towers, effective from June 11, 2013.

Going forward, with the emergence of a stable regulatory environment and the roll-out of 4G services by a number of operators, Bharti Infratel expects an increase in the telecom tower installation and growth in infrastructure sharing amongst operators.