The company's stock went up by 1.12 per cent to Rs 372 at the BSE.
On the NSE, it rose by 0.79 per cent to Rs 371.90.
However, the stock later pared all the initial gains on emergence of profit-booking and was trading lower by nearly 1 per cent on the BSE at 1200 hrs.
Meanwhile, Bharti Enterprises Managing Director Manoj Kohli has resigned from the board of Bharti Airtel, marking his formal exit from the telecom business of the group.
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Airtel had posted a net profit of Rs 610.2 crore in the same period a year ago.
The Rs 1,436.50-crore profit is the biggest for the third quarter in the last four years, the company had said.
The total revenue grew by 5.8 per cent to Rs 23,228.1 crore in the reported quarter compared to Rs 21,960.7 crore in the same period last fiscal.