Airtel reports loss of Rs 2,866 crore in Q1 FY20

NEW DELHI: Bharti Airtel on Thursday reported a consolidated net loss for the April to June quarter at Rs 2,866 crore, amid a bruising tariff battle with rival Reliance Jio.

More worryingly, Airtel’s consolidated net debt was Rs 1.16 lakh crore as of June end.

However, the consolidated revenues grew 6.8 per cent to Rs 20,738 crore. Consolidated mobile data traffic at 4,045 petabytes (PBs) in the quarter registered a healthy year-on-year growth of 94 per cent.