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Q2 Results: Bharti Infratel Profit Beats Estimates Even As Tower Rentals Fall First Time In Six Quarters

Higher exit charges and lower other expenses helped the tower operator deliver a surprise to analysts.

BQ Desk
A telecom tower. (Photographer: Waldo Swiegers/Bloomberg)

Bharti Infratel Ltd.’s profit beat analyst estimates in the quarter ended September even as its tower rentals fell for the first time in 18 months.

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SpiceJet Flies Into Red; Posts Rs 238-Crore Loss In Q1 Mainly On Higher Costs

  • chevron-double-right SpiceJet reported a net loss of Rs 238 crore for the June quarter
  • chevron-double-right Total income was Rs 1,190.56 crore, down from Rs 2,067.21 crore last year
  • chevron-double-right Geopolitical tensions and airspace restrictions reduced leisure travel demand
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