Bharti Infratel has reported a 23 per cent increase in its profits after tax from Rs 4.1 billion for the quarter ended December 2013 to Rs 5.06 billion for the corresponding quarter in 2014. The growth was on account of a decline in its finance costs, which reduced by 12 per cent from Rs 792 million to Rs 696 million during the same period.

Meanwhile, the company reported 8 per cent rise in its revenues, from Rs 27.31 billion during quarter-ended December 2013 to Rs 29.48 billion during the corresponding quarter in 2014. The company’s earnings before interest depreciation taxes and amortisation (EBIDTA) increased from Rs 11.29 billion to Rs 12.76 billion, while its EBIDTA margins improved from 41.4 per cent to 43.3 per cent, during the same period.

The company’s total number of towers grew by 2,251, from 82,813 towers in end-December 2013 to 85,064 towers in end-December 2014. Meanwhile, the company’s average sharing factor was 2.08 times for the quarter ended December 2014 as against 1.96 times in the quarter ended December 2013.