Bharti Airtel Ltd. (BHARTI), India’s biggest mobile-phone operator, fell as much as 4.5 percent in Mumbai after reporting fourth-quarter profit that missed analysts’ estimates.
Net income in the three months ended March 31 dropped to 14 billion rupees from 20.4 billion rupees a year earlier, it said in a statement to the Bombay Stock Exchange today. Analysts surveyed by Bloomberg had estimated a profit of 16.3 billion rupees.
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