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Bharti Infratel Q4 profit falls 17%, misses estimates

Reuters / 09 May 17 | 04:02 AM

Bharti Infratel Ltd posted a 17 per cent drop in its fourth-quarter consolidated net profit, missing analysts' estimate, hurt by higher expenses.

Consolidated net profit came in at Rs 597 crore ($92.83 million) in the quarter ended March 31, compared with Rs 718 crore a year earlier, the company said in a statement on Monday.

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Analysts on average had expected a consolidated net profit of Rs 6.99 crore, according to Thomson Reuters data.

Consolidated expenses rose about 8.5 per cent to Rs 1133 crore.

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