Bharti Infratel shares decline nearly 2% after 21% drop in Q1 earnings

Shares of telecom infrastructure firm Bharti Infratel on Tuesday declined nearly 2 per cent after the company reported a 21 per cent drop in consolidated net profit for the April-June quarter.

At the BSE, it dipped 1.72 per cent to close at Rs 191.20. During the day, it declined 3.44 per cent to Rs 187.85.

The stock went lower by 1.62 per cent to close at Rs 191.10 on the NSE.

Bharti Infratel on Monday reported a 21 per cent drop in consolidated net profit to Rs 704 crore for the April-June quarter.