The stock, after a weak opening, further lost 3.87 per cent to Rs 304.10 on BSE.
At NSE, shares of the company declined by 3.63 per cent to Rs 305.
Consolidated net profit in October-December fell 54 per cent to Rs 503.7 crore as against Rs 1,108.1 crore in the same period a year ago, the company said in a statement yesterday.
"The quarter has seen turbulence due to the continued predatory pricing by a new operator," said Gopal Vittal, the CEO of Bharti Airtel.
Bharti Airtel's revenue fell 3 per cent to Rs 23,363.9 crore in the third quarter of FY2016-17. Mobile data revenue slowed to Rs 4,049 crore due to "free voice and data offering by a new operator".
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