 "Sunil Bharti Mittal, Chairman, Bharti Airtel")
Bharti Airtel on Wednesday reported widening of losses to Rs 15,933 crore for the June quarter — its fifth straight quarter of decline — as the telco made additional provision for statutory dues. The firm, however, posted an over 2x jump in profit before tax (PBT) of Rs 372 crore for the quarter ended June (Q1) before exceptional items. Buoyed by higher data usage thanks to people working from home, consolidated revenues rose 15.4 per cent to Rs 23,939 crore.
Chairman Sunil Bharti Mittal (pictured) had said on Tuesday that Indian telecom was not yet “out of the woods”. Gopal Vittal,
