Bharti Airtel defers Q2, half yearly results till November 14

Telecom operator Bharti Airtel on Tuesday has deferred its second quarter and half yearly results to be announced today, to November 14, as more clarity was needed on issues of the recent Supreme Court’s direction on the definition of adjusted gross revenue (AGR).

“The Board of Directors, in its meeting held today, has accepted the management’s recommendations and deferred the agenda item relating to the approval of the said financial results till Thursday, November 14,” Airtel said in a filing to the stock exchanges. “The company is approaching Department of Telecommunications to seek clarity on the total amounts involved and request for their support to deal with this adverse outcome,” it added.