Bharti Airtel Q4 Results: Telecom major reports fourth-quarter loss of Rs 52.37 billion
Bharti Airtel Q4 Results: Indian telecom operator Bharti Airtel Ltd reported a loss for the fourth quarter on Monday, as it set aside 56.42 billion Indian rupees ($744.90 million) for one-time spectrum charges.
Bharti Airtel Q4 Results: Indian telecom operator Bharti Airtel Ltd reported a loss for the fourth quarter on Monday, as it set aside 56.42 billion Indian rupees ($744.90 million) for one-time spectrum charges. The company, India`s third-largest telecom operator by subscribers, posted a loss of 52.37 billion rupees for the three months ended March 31, compared with a profit of 1.07 billion rupees a year earlier. However, the telco`s quarterly average revenue per user at its India mobile services business rose 25% from a year earlier to 154 rupees.
Indian telecom firms raised tariffs late last year after the Supreme Court upheld a demand by India`s telecoms department that wireless carriers pay 920 billion Indian rupees ($12.11 billion) in overdue levies and interest.
See Zee Business Live TV streaming below:
The company said total revenue rose 15% to 237.23 billion rupees for the quarter ended March 31.
Bharti Airtel added it had seen an increase in data traffic during the COVID-19 pandemic, which prompted India`s government to impose a strict lockdown since late March.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
08:19 AM IST