Indian telecommunications tower operator Bharti Infratel Ltd reported a 64 per cent jump in its quarterly profit, beating estimates on higher revenue from leasing mobile phone masts to phone carriers.
Bharti Infratel, just under 80 per cent owned by top Indian phone carrier Bharti Airtel, said consolidated net profit rose to 4.72 billion rupees ($77.5 million) for its fourth quarter ended March, from 2.87 billion rupees a year earlier.
Revenue rose 4 per cent from a year earlier to 27.9 billion rupees.
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Analysts on average had expected the company to report a net profit of 3.99 billion rupees on revenue of 27.88 billion rupees, according to Thomson Reuters I/B/E/S.