Bharti Airtel lost Rs 1,035 crore in third quarter

Bharti Airtel lost Rs 1,035 crore in third quarter

New Delhi: Bharti Airtel lost Rs 1035 crore in the December quarter of the current financial year. The company had a profit of Rs 86 crore last year during the same period. Bharti Airtel's total profit from operations increased 8.5% to Rs 21,947 crore in the December quarter. During the same period last year revenue was Rs 20,231 crore.

Airtel owes Rs 35,586 crore as AGR

Bharti Airtel announced to increase the tariff in December 2019. This decision of the company was greatly welcomed. This was seen as a step to improve the company's economic condition.

This result of Airtel has come when the Supreme Court has agreed to the hearing of the petition related to Airtel's AGR. The company owes Rs 35,586 crore as AGR. Let us know that all the telecom have been given a notice of liability of Rs 1 lakh crore by the Department of Telecommunication (DoT). It also includes interest and penalty.