Overall, its consolidated net profit of Rs 118.8 crore in July-September represented a drop of about 65 per cent from Rs 343 crore in the year-ago period. Airtel's loss from India operations (before exceptional items) mounted to Rs 1,646.4 crore in the second quarter of the current fiscal compared to about Rs 940 crore in the preceding three-month period. In fact, Moody's Investors Service recently placed Bharti Airtel's rating on review for downgrade, following low levels of profitability and expectation of weak cash flow.