(Reuters) - Indian telecom tower company Bharti Infratel Ltd’s second-quarter profit fell about 6 percent, hurt by higher expenses, but beat analysts’ estimates.
Profit fell to 6 billion rupees ($82.01 million) for the quarter ended Sept. 30, from 6.38 billion rupees a year earlier, the company said on Wednesday.
Analysts, on average, had expected the company to post a profit of 5.83 billion rupees, according to Refinitiv data.
Revenue from operations rose 3.7 percent to 17.20 billion rupees.
Total expenses rose 9.5 percent for the quarter.
($1 = 73.1650 Indian rupees)
Reporting By Arnab Paul in Bengaluru