Airtel posts revenue of Rs 21,131 crore and loss of Rs 23,045 crore

Airtel today reported revenues of Rs 21,131 crore (+4.9 percent) and net loss of (after exceptional items) Rs 23,045 crore during the Sept quarter of fiscal 2019-20.
The significant net loss is in the wake of Supreme Court order that asked mobile operators to release AGR (Adjusted Gross Revenue) related dues to Government of India.

Supreme Court has allowed a period of three months to Airtel to pay amounts due to DoT. The company, which is hopeful of relief, has provided for an additional amount aggregating Rs 28,450 crore as a charge towards AGR dues.

Airtel said the liabilities / provisions as at September 30, 2019 total Rs 34,260 crore including principal of Rs 8,747 crore, interest of Rs 15,446 crore, penalty of Rs 3,760 crore and interest on penalty of Rs 6,307 crore.

Airtel India

India revenues increased 3 percent to Rs 15,361 crore. Mobile revenues have grown at 7.1 percent. Mobile data traffic has nearly doubled to 4,497 PBs in the quarter as compared to 2,478 PBs in the corresponding quarter last year.

Mobile 4G data customers increased 56.9 percent to 103.1 million from 65.7 million in the corresponding quarter last year.

Digital TV revenue fell 22.9 percent due to reporting changes in DTH pursuant to the new tariff order.