Bharti Airtel net down 29.7% to Rs. 721 crore

Telecom major Bharti Airtel’s net profit declined for the 11th quarter in a row, dropping by 29.7 per cent to Rs. 721.2 crore in July-September this year over the same period last year.

It had posted a net profit of Rs. 1,027 crore in the same period last fiscal, Bharti Airtel said in a BSE filing.

The total revenues were, however, up by 17.14 per cent to Rs. 20,283 crore in the quarter against Rs. 17,276.4 crore in the year-ago period.

The company’s total subscriber base across services stood at 262.6 million globally at the end of September 2012.

—-PTI