Strong tenancy additions bolster Sept quarter show for Bharti Infratel

Topics Bharti infratel | Markets

Bharti Infratel reported a robust September quarter (Q2) performance, led by a beat on revenue growth. The company posted a 5.4 per cent increase in consolidated revenues on a sequential basis as against estimates of 3 per cent growth. Within this, while rental revenues were up 3.4 per cent due to a sharp rise in tenancies, lower exits and higher tenancy rates, energy revenues grew by 9 per cent. This was better than estimates by 3-5 per cent.  The key takeaway was the uptick in tenancy additions. Consolidated net tenancies were up by over 2,000 as compared to a decline posted in Q1.....

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