Bharti Infratel first-quarter consolidated profit falls about 12 percent, misses estimates

(Reuters) - Telecom tower infrastructure provider Bharti Infratel Ltd on Monday said its consolidated profit fell about 12 percent in the first quarter, hurt by higher tax expenses.
Consolidated profit after tax for the three months ended June 30 came in at 6.64 billion rupees ($103.20 million), while total income grew about 9 percent to 16.07 billion rupees. (http://bit.ly/2tTdu3E)
Analysts on average expected net profit of 6.95 billion rupees, according to Thomson Reuters data.
Total income tax expenses rose about three times to 25.88 billion rupees.
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($1 = 64.3400 Indian rupees)
(Reporting by Arnab Paul in Bengaluru; Editing by Biju Dwarakanath)
Disclaimer: No Business Standard Journalist was involved in creation of this content
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First Published: Jul 24 2017 | 5:40 PM IST
