Bharti Infratel continued to report a muted performance on the topline front given the weak gross tenancy addition. Revenues (on a proportionate consolidation basis) came in at | 3637.6 crore, down 2% QoQ with core rental revenues of | 2328.5 crore, down 1% QoQ. It should be noted that underlying Q2FY20 revenue growth was weak, albeit exit penalty (| 101 crore), Ind-AS 116 adoption (rent equalisation of | 76.7 crore) and extended occupation of exiting tenants (~3750 collocations where actual exits are yet to happen despite exit notice) led to a better-than-expected show on a...