Bharti Infratel, Bharti Airtel tower company, has reported a 64 percent jump in its net profit at Rs 472 crore for the quarter ended March 31, 2014 compared to the corresponding period during last financial year.

The company had reported a net profit of Rs 287 crore for the quarter ended march, 2013.

The revenues of the company grew 4 percent to Rs 2,790 crore for the quarter as compared to Rs 2,674 crore in the corresponding period last financial year.

“The regulatory environment in telecom sector has improved significantly post the spectrum auctions conducted in February 2014. Operators have made large investments, primarily for data networks. We believe that faster roll-out of networks will happen over the coming years to monetise these investments,” said Akhil Gupta, chairman of Bharti Infratel.

                               

For the financial year 2013-14, the company reported a net profit of Rs 1,518 crore as compared to Rs 1,003 crore.

Its revenue for the full year was up by 5 percent to Rs 10,827 crore as compared.