Indus Towers
Bharti Infratel, a tower company and as at 31st March 2015, given its 42% interest in Indus, has an economic interest, equivalent of 85,892 towers. And it posted a good set of numbers. Revenue rose 6% at Rs.2947 crore and net profit was at Rs.558 crore, up 18%. Cash profit rose 22% at Rs.1246 crore. The market was more enthused with the margins – EBITDA was pup 14% at Rs.1329 crore and operating margin rose from 41.6% to 45.1%.
In terms of average sharing factor, sequentially, it rose from 2.08 times to 2.11 times. And sharing revenue per tower, per month was at up 1.4% from Rs.70,805 to Rs.71.828. Sharing Revenue per Sharing Operator p.m was flat at Rs.34,011, up 0.1%.
Its employee data is interesting – its total on roll employees has risen (QoQ) by 8% to 2176. Though its personnel cost per employee per month has gone up by 2.5% to Rs.1,58,523, its Revenue per Employee per month has fallen 0.7% to Rs.45,21,961.
During the quarter, Bharti Airtel, the promoter of Bharti Infratel offered sale of 55 million shares through open markets. O fer was oversubscribed 1.42 times and promoter received a total consideration of Rs.195 crore. Airtel’s holding in Infratel now stands at 71.81% vs. 74.85% holding before the offering. Total cash and bank balances at end of FY15 stood at Rs.912 crore, by over 450% from 165 crore in FY14. And consolidated debt stood at Rs.2582 crore v/s Rs.3342 crore in previous fiscal.