Bharti Q3 Net declines 72% to Rs 284 cr

February 01, 2013 11:17

Bharti Airtel's today reported decline in its consolidated net profit for the 12th consecutive quarter, falling 72 per cent to Rs 284 crore for the quarter ending December 2012, due to high interest costs, forex fluctuation and tax provisions.

The company's net profit stood at Rs 1,011 crore in the third quarter ended December 31, 2011, Bharti Airtel said in a statement.

"The consolidated net income was impacted by higher depreciation and amortisation cost (Rs 316 crore), net interest costs (Rs 284 crore), forex fluctuation losses (Rs 261 crore) and tax provisions (Rs 109 crore).

Shares of Bharti Airtel fell by 2.71 per cent to Rs 330.20 on the BSE in the early trade.

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