Airtel posts ₹1,035 cr December quarter loss on high AGR bill

New Delhi: Bharti Airtel Ltd posted a loss of ₹1,035 crore, its third quarterly loss in 14 years, as the company set aside funds to pay dues to the government and comply with a Supreme Court verdict.

The Delhi-based telecom operator swung to a ₹1,035 crore loss in the quarter ended 31 December from a profit of ₹86 crore in the year earlier, Bharti Airtel said in a statement on Tuesday. Consolidated revenue from operations rose by 8.5% to ₹21,947 crore.

In December, the company increased tariffs by as much as 40% and raised the minimum monthly recharge for prepaid users to ₹45.