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Bharti Airtel September quarter profit falls about 65 percent

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Reuters

(Reuters) - India's Bharti Airtel Ltd reported a 65.4 percent fall in quarterly profit on Thursday, as it faces pricing pressure amid aggressive competition in the country's telecom sector.

The mobile carrier posted a profit of 1.19 billion rupees ($16.25 million) for the quarter ended Sept. 30, compared with a profit of 3.43 billion rupees a year ago.

Revenue fell about 6.2 percent to 204.23 billion rupees, the New Delhi-based company said.

($1 = 73.2300 Indian rupees)

(Reporting By Arnab Paul in Bengaluru; Editing by Amrutha Gayathri)

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First Published: Oct 25 2018 | 4:52 PM IST

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