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Bharti Airtel Q2 Net Profit Falls 5% On Higher Costs

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Bharti Airtel Q2 Net Profit Falls 5% On Higher Costs

Bharti Airtel Q2 consolidated net profit drops to Rs 1,461 crore from Rs 1,536 crore in year-ago period.


Mumbai: India's top telecoms operator Bharti Airtel Ltd reported a nearly 5 per cent fall in second-quarter profit on Tuesday hit by higher costs.

Consolidated net profit fell to Rs 1,461 crore ($218.80 million) for the three months to Sept. 30 from Rs 1,536 crore a year earlier, Bharti said in a statement.

Analysts had expected the wireless operator to report a profit of Rs 1,369 crore, according to Thomson Reuters I/B/E/S.

Net sales rose 3.4 per cent to Rs 24,652 crore.

($1 = Rs 66.7723)
© Thomson Reuters 2016


(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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