Infratel posted 61 per cent jump in consolidated net profit at Rs 964 crore for the second quarter ended September 30, 2019.
The mobile tower arm of Bharti Airtel had recorded a profit of Rs 600 crore in the same quarter a year ago. The company, however, reported a marginal dip in revenue to Rs 3,638 crore during the September quarter from Rs 3,668 crore in the year-ago period.
The company's mobile tower base increased by 1,298 year-on-year to 93,421, at the end of September 30, 2019. Government has now allowed domestic companies
an option to pay income tax at an effective tax rate (ETR) of 25.17 per cent instead of the earlier 34.94 per cent.
After the government reduced tax for companies, the effective MAT (minimum alternate tax) rate for the current quarter was 21 per cent, which in previous quarter was at 25 per cent. Infrastructure sharing is effective in optimizing the utilization of available resources and helps to bring down the cost of providing telecommunications services.