Bharti Airtel posts huge loss of Rs 23,045 crore in Q2 after AGR provisioning

Bharti Airtel on Thursday posted its biggest consolidated net loss at Rs. 23,045 crore for the July-September quarter on the back of provisions for the licence fee and spectrum usage charge based on the definition of the Supreme Court of what constitutes adjusted gross revenue.

The company made an exceptional charge during the quarter of Rs. 22,394 crore (net of tax) which comprises a charge on account of licence fee and SUC of Rs. 16,815 crore and Rs. 11,635 crore, respectively.