Bharti Airtel on Thursday reported a net loss of Rs. 2,866 crore in the April-June period, as against a net profit of Rs. 97.3 crore in the corresponding period a year ago. In a regulatory filing after market hours, the private sector telecom company said its revenue from operations stood at Rs. 20,737.9 crore in the quarter ended June 30, up 4.74 per cent compared to the year-ago period.
Shares in Airtel ended 4.10 per cent lower at Rs. 323.95 apiece on the Bombay Stock Exchange (BSE), underperfomring the benchmark Sensex index which fell 1.23 amid a broad selloff tracking global cues.
In the fourth quarter of financial year 2018-19, Bharti Airtel had posted a net profit of Rs. 107.2 crore, up 29.31 per cent on a year-on-year basis. Its net profit stood at Rs. 409.5 crore in the financial year ended March 31, as against Rs. 1,099 crore in 2017-18.