- Bharti
Airtel on Wednesday reported a consolidated net loss of Rs 15,933 crore for the April-June quarter, largely on the back of provisioning made for the AGR payment. - During the corresponding period of last fiscal, the company had reported a net loss of Rs 2,866 crore.
- The company, however, reported a 15.4 per cent year-on-year increase in its revenue for operations at Rs 23,938.7 crore during the quarter ended June.
Bharti Airtel on Wednesday reported a consolidated net loss of Rs 15,933 crore for the April-June quarter, largely on the back of provisioning made for the AGR payment.
During the corresponding period of last fiscal, the company had reported a net loss of Rs 2,866 crore.
The company, however, reported a 15.4 per cent year-on-year increase in its revenue for operations at Rs 23,938.7 crore during the quarter ended June.
In a regulatory filing, the company said that the net exceptional charge of Rs 11,745.7 crore during the quarter ended June 30, 2020 comprises of a charge on account of incremental provision and interest on license fee and spectrum usage charges of Rs 10,744.4 crore and net charge pertaining to re-assessment of levies of Rs 1,001.3 crore.
"Net tax benefit due to the above exceptional items; net charge due to re-assessment of deferred tax assets and adoption of '
"As a result, the overall net exceptional charge (after tax) is Rs 153,889 mn (Rs 15,388.9 crore).The net share allocated to non-controlling interests on the above exceptional items is Rs 1,080 mn (Rs 108 crore)," it added.
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