Bharti Airtel posts 72% drop in third-quarter profit

Net profit for the three months through Dec 31 was Rs 86.2 crore ($12.13 million) compared with a profit of Rs 306 cr in the year-earlier quarter. The company reported a one-off gain of Rs 1,414 cr during the quarter. That compared with analyst estimates of a loss of Rs 686 cr, according to Refinitiv Eikon data. Revenue rose about 1%.

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