Bharti Infratel shares tank over 6% post Q3 earnings
Shares of Bharti Infratel today slipped over 6 per cent after the company posted 6 per cent fall in consolidated net profit for the December quarter of the current fiscal. The stock slumped 6.15 per...
Bharti Infratel's disappointing results not a surprise
Telecom infrastructure firm Bharti Infratel is among the top losers in the market today after posting weak results for its December quarter. Net profits for the company declined 6% to Rs. 585 crore. The weak performance is not a surprise to many analysts - HDFC Securities in a report in the first week of Jan, had pointed out that BHIN’s 3QFY18 would be be weak due to "tenancy losses from Rcom’s wireless business exit and shutdown of operations by Aircel in six circles." Downsides aren't likely to free up soon, according to analysts. The Vodafone-Idea merger is set to impact Bharti Infratel's revenues further, as overlapping rentals get consolidated. And as telecom players feel pricing pressures, companies will be renegotiating their contracts, placing additional pressures on Bharti Infratel's margins. Outcome of Board Meeting
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the Company in its meeting held on January 17, 2018 has approved the following: a. Shifting of Registered Office of the Company from National Capital Territory of Delhi to State of Haryana, subject to the approval of shareholders by way of postal ballot, Central Government (Power... Appointment of Company Secretary / Compliance Officer
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that on the recommendation of HR, Nomination and Remuneration Committee, the Board in its meeting held on January 17, 2018 has approved the appointment of Ms. Samridhi Rodhe as Company Secretary and Key Managerial Personnel of the Company w.e.f. January 17, 2018 in accordance with the provisions of the Section 203 of the Companies... Appointment of Director
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that on the recommendation of HR, Nomination and Remuneration Committee, the Board in its meeting held on January 17, 2018 has approved the appointment of Ms. Anita Kapur (DIN: 07902012) as an Additional Director, designated as an Independent Director w.e.f. from January 17, 2018 for a term of five (5) consecutive years from... Updates
Pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the quarterly report being released by the Company w.r.t. the results of the third quarter (Q3) and nine months ended December 31, 2017. Press Release / Media Release
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the press release being issued by the Company with regard to the audited financial results of the Company for the third quarter (Q3) and nine months ended December 31, 2017. Financial Results For The Third Quarter (Q3) And Nine Months Ended December 31, 2017
In compliance with Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the following for the third quarter (Q3) and nine months ended December 31, 2017. ? Audited consolidated financial results as per Ind AS ? Audited standalone financial results as per Ind AS... Bharti Infratel downgrade cycle likely to continue over next three quarters
The de-rating and downgrade cycle for Bharti Infratel which started a month before is expected to continue over the next three quarters. December quarter numbers will give an idea of the pressure the company faces, given tenancy losses from RCom's wireless business exit and shutdown of operations by Aircel in six circles. Revenue growth is expected to be flat on a sequential basis. This will continue in the March quarter as Aircel curtails operations. From the first half of FY19 as Vodafone and Idea Cellular merge operations, their overlapping tenancies would get accounted as loading instead of separate tenancies. Himanshu Shah of HDFC Securities had in a report earlier this week said multiple de-rating of the stock was inevitable. He expects a potential reduction of 60,000 to 65,000 tenancies from the merged entities. He believes Bharti Infratel's operating profit will be impacted by 15 per cent and earnings per share (EPS) by 25 per cent. With the impending business risk and... Statement Of Investor Complaints For The Quarter Ended December 31, 2017
Dear Sir / Madam, Pursuant to Regulation 13 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, statement of investor complaints for the quarter ended December 31, 2017 is as follows: Complaints pending as on 01.10.2017 - 0 Complaints received during the period - 0...