Bharti Airtel to go slow on capex in Q1FY21 amid Covid-19 crisis, Q4 loss

After spending over Rs 11,000 crore as capital expenditure in the January-March quarter of financial year 2019-20 (Q4FY20), Bharti Airtel will “go slow” on capex in the current quarter.

Bharti Airtel reported a consolidated net loss of Rs 5,237 crore in Q4FY20 against a net profit of Rs 107.2 crore in the corresponding quarter last year. However, there was a surge in demand for internet services towards the end of the reporting period because of the nationwide lockdown announced on March 25, forcing the government and private firms to ask employees to work from home.