October 24, 2018 / 1:05 PM / a month ago

India's Bharti Infratel Q2 profit falls about 6 pct

Oct 24 (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 here 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. ($1 = 73.1650 Indian rupees) (Reporting By Arnab Paul in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below