Leading telecom tower infrastructures provider Bharti Infratel is set to report its first-quarter results today. Here are the key things to watch out for:
- A muted quarter is expected for the company, with the revenue seen flat at Rs 3,600 crore.
- For FY19, the revenue growth was only 0.6 percent and there was a sharp decline in the average tenancy from 2.26 to 2.06. The tenancy is likely to be weak in Q1 as well. The average tenancy has declined for the sixth straight quarter now.
- Margins could come under pressure roughly around the 40 percent mark. The profit is seen at around Rs 605 crore.
- The street is awaiting Department of Telecom's (DoT) approval for the Bharti Infratel merger with Indus Towers.