Bharti Airtel Q2 net profit falls 5 percent on higher costs

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Reuters MUMBAI
Last Updated : Oct 25 2016 | 6:49 PM IST

MUMBAI (Reuters) - India's top telecoms operator Bharti Airtel Ltd reported a nearly 5 percent fall in second-quarter profit on Tuesday hit by higher costs.

Consolidated net profit fell to 14.61 billion rupees ($218.80 million) for the three months to Sept. 30 from 15.36 billion a year earlier, Bharti said in a statement.

Analysts had expected the wireless operator to report a profit of 13.69 billion rupees, according to Thomson Reuters I/B/E/S.

Net sales rose 3.4 percent to 246.52 billion rupees.

($1 = 66.7723 rupees)

(Editing by Kenneth Maxwell and Jason Neely)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Oct 25 2016 | 6:35 PM IST

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