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Bharti Infratel fiscal Q3 profit climbs 12.1% YOY

Bharti Infratel Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 2.84 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 2.99 rupees per share.

EPS climbed 12.0% year over year from 2.54 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.39 billion rupees, a gain of 12.1% from 4.80 billion rupees in the year-earlier period.

The normalized profit margin increased to 30.3% from 16.3% in the year-earlier period.

Total revenue rose on an annual basis to 30.93 billion rupees from 29.49 billion rupees, and total operating expenses climbed on an annual basis to 23.08 billion rupees from 22.29 billion rupees.

Reported net income grew 11.5% from the prior-year period to 5.65 billion rupees, or 2.98 rupees per share, from 5.07 billion rupees, or 2.68 rupees per share.

As of Jan. 27, US$1 was equivalent to 68.10 Indian rupees.