Airtel defers Sept quarter results till Nov 14 citing AGR issue

Telecom operator Bharti Airtel on Tuesday said it has deferred September quarter result announcement till November 14, due to the adjusted gross revenue (AGR) issue.

The company was earlier scheduled to approve and release its Q2 numbers on Tuesday.

"...the management of the company recommended to the board of directors that the agenda item related to the approval of audited financial results for the second quarter and half year ended September 30, 2019... be deferred till November 14, 2019, on account of the fact that more clarity is needed on the AGR matter arising out of recent judgement of... the Supreme Court," Airtel said in a regulatory filing.

The Sunil Mittal-led company said it is approaching the Department of Telecom (DoT) to seek clarity on the total amounts involved and "request for their support to deal with this adverse outcome."