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Airtel Q2 loss at Rs 23,045 cr; Rs 1,123-cr loss before exceptional items

Shares of Bharti Airtel fell 1.59 per cent on Thursday to close at Rs 362.65 on the BSE

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BS Web Team
Telecom major Bharti Airtel on Thursday posted a consolidated net loss of Rs 23,044.9 crore for the second quarter ended September 2019. In the corresponding quarter last year, the company had posted a net profit of Rs 119 crore.

Revenue of the telecom firm, however, increased by 4.90 per cent to Rs 21,131 crore in the September quarter. Consolidated Ebitda increased by 40.90 per cent to Rs 8,936 crore. Net loss before exceptional items for the quarter stood at Rs 1,123 crore.

"On October 24, 2019, the Supreme Court of India delivered a judgment in relation to a long-outstanding industry-wide