Bharti Airtel, India's top telecommunications carrier, said its quarterly net profit rose for the first time in four years but was sharply lower than forecast.
Analysts had expected a net profit of Rs. 1044 crores for the New Delhi-based company that operates mobile phone services in 20 countries across Asia and Africa.
Bharti Airtel, nearly a third owned by Southeast Asia's top phone carrier SingTel , said it was helped by lower competition and an increase in voice call prices.
Its consolidated net profit was Rs. 610 crores for the fiscal third quarter ended December from Rs. 284 crores a year earlier. Net income before exceptional items was Rs. 832 crores, Bharti said in a statement.
Analysts had expected a net profit of Rs. 1044 crores for the New Delhi-based company that operates mobile phone services in 20 countries across Asia and Africa.
© Thomson Reuters 2014
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