Airtel, however, lost its second position in the sector to Jio in the quarter as the latter’s subscriber base expanded more. Vodafone Idea continues to be the country’s largest telecom company.
Revenue was Rs 20,602 crore, up 6.2 per cent from the same quarter in 2017-18. Exceptional items in the quarter comprise a charge of Rs 145 crore towards operating cost on network refarming and upgrade, and a credit of Rs 2,168 crore on reassessment of levies, based on a recent pronouncement on how to determine these. For 2018-19, the net profit fell 62.7 per cent to Rs 409.5 crore, from Rs 1,099 crore in 2017-18.
Revenue in FY19 was Rs 80,780 crore, down 2.2 per cent. Borrowing during Q4 was Rs 87,245 crore; it was Rs 84,942 crore in the same quarter of FY18.