Bharti Infratel second-quarter profit falls about 6 percent

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Reuters
Last Updated : Oct 24 2018 | 6:35 PM IST

(Reuters) - Indian telecom tower company Bharti Infratel Ltd's second-quarter profit fell about 6 percent, hurt by higher expenses, but beat analysts' estimates.

Profit fell to 6 billion rupees ($82.01 million) for the quarter ended Sept. 30, from 6.38 billion rupees a year earlier, the company said on Wednesday.

Analysts, on average, had expected the company to post a profit of 5.83 billion rupees, according to Refinitiv data.

Revenue from operations rose 3.7 percent to 17.20 billion rupees.

Total expenses rose 9.5 percent for the quarter.

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($1 = 73.1650 Indian rupees)

(Reporting By Arnab Paul in Bengaluru)

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Oct 24 2018 | 6:34 PM IST

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