Telecom operator Bharti Airtel on Wednesday reported a loss of Rs 15,933 crore for the June quarter period compared to last year Rs 2,866 crore in the same period. Airtel posted its fifth straight quarter of decline due to additional provision for statutory dues.
Bharti Airtel owes Rs 25,976 crore in balance AGR dues, after paying Rs 18,004 crore.
Revenue was higher by 15.4% for the first quarter and came in at Rs 23,939 crore compared to the same period previous year led by full impact of tariff hikes in the previous quarter.
4G data customers increased by 45.3 percent to 138.3 million for the company.
Data traffic growth increased by about 73 percent year on year even as 4G net users slowed down to 2 million caused by supply chain shocks.
The company's Wynk, Xstream and payments platforms, helped them to increase their digital business with nearly 155 million monthly active users.
On coronavirus pandemic, Airtel’s main priority remained delivering uninterrupted services and strong end user experience.
