Avantel LimitedNSE: AVANTEL

India's Avantel hits seven-month low after quarterly profit slump

· Issued by Avantel Limited

** Shares of Avantel NSE:AVANTEL fall as much as 5.6% to 139 rupees, lowest since January 2

** Communications and networking services provider posts a 56.3% Y/Y decline in June-qtr consol net profit; total rev from ops rises 0.3% Y/Y

** More than 1.3 mln shares change hands, 0.8x of 30-day avg

** Stock down 4.4% YTD