Bharti Infratel is the big gainer on the BSE in the morning trades, on the back of very robust Q1FY14 numbers. The stock is up almost 3.5% in the early trades, opening at Rs.148.35 and hitting an intra day high at Rs.151.90.

The company yesterday announced a smart 68% jump in net profit at Rs.358 crore. Two factors directly helped boost these numbers – one is the the increased sharing on its tower sites, its main core business. Second – one time gain through through merger with Indus Towers. In this quarter, Delhi High Court approved merger of Bharti Infratel with its wholly-owned subsidiary with Indus Towers, effective June 11, 2013. This merger added Rs.35 crore to the net profit though revenue from operations of Indus was lower by 50% during the quarter.