Bharti Airtel slips into red; posts Rs 5,237 cr loss for Jan-Mar quarter

The company posted exceptional items totalling Rs 7,004 crore during the quarter ended on March 31, 2020, that comprises a charge on account of reassessment of regulatory cost.
Telecom operator Bharti Airtel on Monday posted a consolidated loss of Rs 5,237 crore for the January-March quarter of 2019-20 fiscal mainly on account of provisions for statutory dues.

The company had posted a profit of Rs 107.2 crore in the same period a year ago.

Bharti Airtel registered consolidated revenue of Rs 23,722.7 crore during the reported quarter. The company had posted revenue of Rs 20,602.2 crore in the corresponding quarter of 2018-19.

The company posted exceptional items totalling Rs 7,004 crore during the quarter ended on March 31, 2020, that comprises a charge on account of reassessment of regulatory cost.

For the year ended on March 31, 2020, the company posted a net loss of Rs 32,183.2 crore and a revenue of Rs 87,539 crore.For 2018-19, Bharti Airtel had reported a net profit of Rs 409.5 crore and revenue of Rs 80,780.2 crore.


Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel