At present, Bharti Infratel has 42 per cent stake in Indus Towers. The balance is with Vodafone India, Idea Cellular and Providence Equity Partners.
Bharti Infratel's net profit went down by 17 per cent for the July-September quarter of 2017-18, a company statement said on Monday.
The company has posted net profit of Rs 638 crore for the second quarter of 2017-18, compared to Rs 774 crore during the corresponding quarter a year back.
The company's revenue grew by 11 per cent during the quarter. It has clocked revenue of Rs 3,648 crore for the second quarter of 2017-18, up from Rs 3,292 crore posted during the same quarter a year back.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.