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Bharti Q3 consolidated Net declines 22pc, revenues up 17 pc

The country's largest telecom company Bharti Airtel on Wednesday reported 22 per cent decline in consolidated net profit to Rs 1,011 crore for the October- December quarter due to higher interest outgo and costs related to the roll-out of 3G network.

This is the eighth straight quarter for which Bharti Airtel has reported a decline in net profit.
The company had posted a consolidated net profit of Rs 1,303 crore in the third quarter ended December 31, 2010, Bharti Airtel said in a statement.
Shares of Bharti Airtel fell by 3.15 per cent to Rs 367 on the BSE in early trade.

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