ICICI Direct: Bharti Infratel - Healthy Core Performance Led By Better Tenancy Addition; Outlook Remains Uncertain
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ICICI Direct: Bharti Infratel - Healthy Core Performance Led By Better Tenancy Addition; Outlook Remains Uncertain

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Bharti Infratel Ltd. reported a mixed performance. While core performance led by net tenancy addition of 2116 (highest in the last 13 quarters) was a pleasant surprise, negative energy spread led to a lower margin.

Revenues (on a proportionate consolidation basis) came in at Rs 3695 crore, up 5.4% QoQ driven by energy revenues, up 9% QoQ, at Rs 1375 crore.

Core rental revenues came in at Rs 2320 crore, up 3.4% QoQ. Ebitda came in at Rs 1817 crore, with margins of 49.2%, down 126 basis points QoQ.

Click on the attachment to read the full report:

ICICI Direct Bhartii Infratel Q2FY21 Result Update.pdf

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