Tulip Telecom today reported 5.3 per cent decline in consolidated net profit at Rs 77.25 crore (Rs 81.61 crore) for third quarter ended in December.

The decline is mainly due to increase in interest rate and depreciation of assets. It posted revenue of Rs 686.6 crore (Rs 602.2 crore), registering an increase of 13.9 per cent.

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