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Bharti Infratel shares tank over 6 pc post Q3 earnings

The company’s net profit for the October-December period of last fiscal was Rs 620 crore.

business Updated: Jan 18, 2018 17:38 IST
Press Trust of India
Press Trust of India
Press Trust of India, New Delhi
Bharti Infratel,Bharti Infratel shares,Charti Infratel shares fall
An advertisement for Bharti Infratel Limited's initial public offering (IPO) posted on a wall.(Reuters)

Shares of Bharti Infratel on Thursday slipped over 6 per cent after the company posted 6 per cent fall in consolidated net profit for the December quarter of the current fiscal.

The stock slumped 6.15 per cent to end at Rs 343.85 on BSE. During the day, it tumbled 6.72 per cent to Rs 341.75.

On NSE, shares of the company dipped 6 per cent to close at Rs 343.80.

In terms of equity volume, 3.12 lakh shares of the company were traded on BSE and over 42 lakh shares changed hands on NSE during the day.

Mobile tower firm Bharti Infratel on Wednesday posted 6 per cent fall in consolidated net profit to Rs 585 crore for the December quarter of the current fiscal on higher costs.

The company’s net profit for the October-December period of last fiscal was Rs 620 crore.

Infratel’s revenue for the third quarter of 2017-18 was Rs 3,655 crore, up 7 per cent over the year-ago period.

First Published: Jan 18, 2018 17:37 IST