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BHARTIARTL Bharti Airtel News Story

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India's Bharti Airtel posts quarterly profit rise as consumers upgrade plans

Feb 5 (Reuters) - Bharti Airtel BRTI.NS, India’s second-largest mobile carrier by number of users, posted its seventh straight quarterly profit rise on Thursday, as subscribers upgraded to higher-margin telecom plans amid a steady rise in customer base.

The firm's consolidated pre-tax profit rose 34.4% to 125.58 billion rupees  ($1.39 billion) for the quarter ended December 31, from 93.46 billion rupees a year earlier.

Airtel's year ago profit included a net exceptional 75.5 billion rupee gain, mainly from a higher valuation of its stake in telecom infrastructure provider Indus Towers INUS.NS.

($1 = 90.2760 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru; Editing by Mrigank Dhaniwala)

 ((aleefjahan.cs@thomsonreuters.com))

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