For Quick Alerts
For Daily Alerts

Here's Why Airtel Shares Rose Despite Posting Surprise Q4 Loss Of Rs 5,237 Crore


Shares of Bharti Airtel almost 5 percent in morning trade on Tuesday despite posting a massive net loss for the fourth quarter of the financial year 2019-20.

Late on Monday evening, Bharti Airtel posted a net loss of Rs 5,237 crore for the March ended quarter against a profit of Rs 107.2 crore for the same period a year ago.

Here's Why Airtel Shares Rose Despite Posting Surprise Q4 Loss Of Rs 5,237 Crore
Bharti Airtel: Quotes, News
BSE 549.25BSE Quote4.85 (-0.88%)
NSE 549.60NSE Quote4.5 (-0.82%)

In the quarter of review, the company took a hit from an exceptional item of Rs 7,004 crore which includes mainly of a charge on account of reassessment of regulatory cost based on a recent judgment on one-time spectrum charge (OTSC) related matter.

Apart from the one time hit from spectrum-related charges, the telco has reported healthy numbers:

  • Its average revenue per user (ARPU), an important indicator for telecom companies, rose to Rs 154, the highest in the last 12 quarters, as compared to Rs 123 a year ago. Its consolidated revenue for the quarter grew 15.1 percent year-on-year (YoY) to Rs 23,723 crore.
  • The company had 423 million customers as on 31 March, an increase of 4.9 percent as compared to 404 million a year ago.
  • Total minutes of usage on the network during the quarter were 902 billion, 13.3 percent jumped as compared to 796 billion in March 2019.
  • Mobile Data traffic grew 74.3 per cent to 6,688 billion MBs during the quarter compared to 3,836 billion MBs in the corresponding quarter last year.
  • The company recommended a dividend of Rs 2 per share in line with its policy of passing through dividends received from Bharti Infratel.
  • The company's consolidated net debt, excluding lease obligations for the company, stood at Rs 88,251 crore as on March 31, a significant fall of 18.5 percent from Rs 108,235 crore a year ago.
  • Brokerages Morgan Stanley, UBS and CLSA have maintained their bullish stance on the stock.
Read more about: airtel bharti airtel
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more