Bharti Airtel fourth-quarter profit slumps 78 percent

Reuters 

(Reuters) - Ltd posted a 77.8 percent fall in fourth-quarter profit on Tuesday, as pricing pressure in the telecoms sector after the entry of an upstart rival continued to hurt India's top

Profit came in at 829 million rupees ($12.49 million) in the quarter ended March 31, lower than 3.73 billion rupees a year earlier, the company said.

Revenue fell 10.5 percent to 196.34 billion rupees, hit by the telecom regulator's decision to cut international termination charges.

($1 = 66.3750 Indian rupees)

(Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Biju Dwarakanath)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 24 2018. 18:01 IST