Bharti Airtel Q2 net falls 29.7 percent to Rs. 721 crore

Telecom major Bharti Airtel's net profit declined for the 11th quarter in a row, dropping by 29.7 percent to Rs. 721.2 crore in July-September this year over the same period last year.

It had posted a net profit of Rs. 1,027 crore in the same period last fiscal, Bharti Airtel said in a BSE filing.

The total revenues were, however, up by 17.14 percent to Rs. 20,283 crore in the quarter against Rs. 17,276.4 crore in the year-ago period.

The company's total subscriber base across services stood at 262.6 million globally at the end of September 2012.

The company scrip were trading 2.25 percent higher at Rs. 275.75 on the BSE in early trade today.