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Bharti Airtel cuts loss by 97% in Q2, logs record quarterly revenue

Ebitda margin up 366 bps YoY at 46 per cent -- highest in at least five quarters

Bharti Airtel
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Revenues increased 22 per cent YoY to Rs 25,785 crore compared to Rs 21,131 crore a year ago

Megha Manchanda New Delhi
Bharti Airtel said the firm's consolidated net loss for the July-September quarter (Q2) has narrowed sharply to Rs 763 crore, a decline of 97 per cent year-on-year (YoY). The company had posted a consolidated net loss of Rs 23,045 crore in the same quarter last year, after provisioning for the adjusted gross revenues (AGR) dues.

The telco posted the highest ever quarterly revenue, mainly on account of customer addition and higher data consumption. Revenues increased 22 per cent YoY to Rs 25,785 crore compared to Rs 21,131 crore a year ago. While revenues were ahead of expectations, net profit fell short

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First Published: Oct 27 2020 | 8:55 PM IST

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