Shares of Bharti Airtel fell by over three per cent in the morning trade today after the country's largest telecom operator posted a 72% decline in net its profit for the December quarter.

Reacting to the quarterly results, shares of Bharti Airtel opened on weak note and subsequently dived by 3.62% to an early low of Rs 327.10 apiece on the BSE.

On the NSE, the company opened at Rs 336.45, then fell by 3.8% to a low of Rs 326.70.

Bharti Airtel's net profit declined for the 12th consecutive quarter, dropping 72% to Rs 284 crore for the October-December 2012 quarter due to high interest costs, forex fluctuation and tax provisions.

"The consolidated net income was impacted by higher depreciation and amortization cost (Rs 316 crore), net interest costs (Rs 284 crore), forex fluctuation losses (Rs 261 crore) and tax provisions (Rs 109 crore)," the company said in a regulatory filing to the bourses.

The telecom player's total revenues rose 9.5% to Rs 20,239 crore in the October-December quarter from Rs 18,477 crore in the year-ago period.

At 1041 hours, shares were quoted at Rs 335.05 on the BSE, down 1.28% from the previous close , while the telecom firm was trading at Rs 337.75 on the NSE, a drop of 0.54%.

Meanwhile, 30-share sensex was trading at 19,926.82 points, up 32 points or 0.16% from the previous close.

Keywords:Shares , Bharti Airtel ,largest telecom operator, BSE,NSE,net profit,forex fluctuation ,tax provisions,telecom player,business news