1-MIN READ

Bharti Airtel Slips Into Red; Posts Rs 5,237 Crore Loss For Jan-Mar

Representative Image

Representative Image

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

  • PTI
  • Last Updated: May 18, 2020, 10:47 PM IST
Share this:

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.


Share this:
Next Story
corona virus btn
corona virus btn
Loading