India's largest telecom operator Bharti Airtel’s second quarter net profit fell short of market expectations, but revenues and operating profit were slightly above analyst estimates. Consolidated net profit for the quarter fell 5.4 percent quarter-on-quarter to Rs 721.2 crore, weighed by higher tax and interest costs.Consolidated revenues rose by 4.8 percent to Rs 20,273.2 crore from Rs 19,350.1 crore during the same period.Analysts on an average had expected net profit of Rs 831 crore on revenues of Rs 19,512 crore for the quarter.
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