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Bharti Infratel Q1 consolidated profit falls 12%

LiveMint logoLiveMint 24-07-2017 Arnab Paul

Bengaluru: Telecom tower infrastructure provider Bharti Infratel Ltd on Monday said its consolidated profit fell about 12% in the first quarter, hurt by higher tax expenses.

Consolidated profit after tax for the three months ended 30 June came in at Rs6.64 billion, while total income grew about 9% to Rs16.07 billion.

Analysts on average expected a net profit of Rs6.95 billion, according to Thomson Reuters data.

Total income tax expenses rose about three times to Rs25.88 billion. Reuters

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