The company had reported a net profit of Rs 762.2 crore in the corresponding period last financial year.
This is a 14th consecutive fall in quarterly profits of the company.
Total income of the company, however, was up 9.3 per cent at Rs 20,299.5 crore for the reported quarter as against Rs 18,570.3 crore in the same period last fiscal.
"Our results for the quarter reflect the overall stability of our operations, and demonstrate the potential for growth, particularly seeing robust data growth across all geographies," company's Chairman Sunil Bharti Mittal said in a statement.
Also Read
"Results for Airtel India reflect rationality returning to the sector which needs to be complemented by a more enabling regulatory environment for a deeper penetration of telecom and broadband services," Mittal added.
Derivative and exchange fluctuation losses during the quarter stood at Rs 534 crore, mainly caused by rupee depreciation, compared to gains of Rs 160 crore in the same period last year.
The net debt of the company has been reduced to Rs 58,380.6 crore as on June 30, 2013 on account of additional equity infusion of Rs 6,796 crore by Qatar Foundation Endowment.