Bharti Airtel reports Dec-qtr loss of Rs 1,035 cr; revenue at Rs 21,947 cr

Bharti Airtel India revenue rose 7 per cent to 15,797 crore, compared to the same period of 2018-19.

Telecom operator Bharti Airtel on Tuesday posted a consolidated loss of Rs 1,035 crore for the three months ended December 31, 2019, as the AGR-hit telco provisioned for interest component of its statutory dues.

December Q3 scorecard marked the third straight quarter of losses for the company, which had logged a net profit of Rs 86 crore a year ago. The company also said the previously reported material uncertainty on the group's ability to continue as a going concern "no longer exists" after the recent Rs 21,502 crore fund raising by it.

"The net exceptional charge of Rs 10,500 million