New Delhi, Feb. 6 -- India's second largest carrier Bharti Airtel Ltd beat estimates with a profit of Rs.14,760 crore for the quarter ended December, up 483% from Rs.2,530 crore a year earlier, due to a one-time gain from Indus Towers becoming its subsidiary in November.

The company recorded a net exceptional gain of Rs.9,267 crore, which included gain of Rs.14,322.5 crore on account of consolidation of Indus, gain of Rs.128.5 crore from reversal of provision created for input tax credit on passive infrastructure services and foreign exchange gain of Rs.1,193.6 crore. The exception gain was offset by regulatory levies of Rs.6,358.6 crore and impairment charge of intangible assets of Rs.1,740.4 crore. Airtel accounts for Indus Towers oper...