Skip to content
Subscriber Only

Bharti Profit Misses Estimates as Finance Costs Increase

Bharti Airtel Ltd. said third-quarter profit slumped, missing analyst estimates, after a weaker rupee boosted interest and network equipment costs for India’s largest mobile-phone operator.

Net income declined 72 percent to 2.84 billion rupees ($53 million) in the three months ended Dec. 31, New Delhi-based Bharti said today. That trailed the 8.39 billion-rupee median of 29 analysts’ estimates compiled by Bloomberg.