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

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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
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