AGR interest costs keep Airtel in loss-making territory; Q3 net loss at Rs 1,035 crore

NEW DELHI: Further provisions for interest costs associated with AGR liabilities have kept Bharti Airtel’s bottomline in the red during the third quarter, despite recording a sharp 48.3 per cent growth in EBITDA year-on-year. The telecom major has reported a consolidated net loss of Rs 1,035 crore for the period, after setting aside Rs 1,048.1 crore toward AGR interest payments.

Consolidated revenue for the period stood at Rs 21,947 crore, up 8.5 per cent, and EBITDA at Rs 9,350 crore. The company had recorded a net profit of Rs 86 crore during the corresponding quarter of the previous year.