Tariff hike hopes and market share gains in the coming quarters could help sustain stock price
Bharti Airtel reported a consolidated net loss of Rs 5,237 crore in Q4FY20 against a net profit of Rs 107.2 crore in the corresponding quarter last year.
Airtel had, on Monday, reported Q4 loss at Rs 5,237 crore, mainly on account of provisioning for paying statutory dues, while its full year losses ballooned to a record Rs 32,183 crore.
Mobile revenues witnessed a YoY growth of 21.8 per cent primarily led by increase in 4G customer base coupled with improved tariffs
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During the quarter, the company took an exceptional charge of Rs 7,004 crore mainly on account of the re-assessment of interest on licence fee, and spectrum usage charges (including interest on AGR).
The company had posted a profit of Rs 107.2 crore in the same period a year ago.
Analysts expect the Covid-19 outbreak to have a limited impact on telecommunications companies (telcos) as compared to other sectors
The company's consolidated EBITDA came in at Rs 6,806 crore
The company also reported an exceptional gain of Rs 2,022 crore