Bharti Airtel Q2 net loss zooms to ₹23,045 crore

Telecom operator, Bharti Airtel Ltd (Airtel), on Thursday reported a consolidated net loss of ₹23,045 crore in the second quarter ended September 30, its highest-ever loss, as compared to a net profit of ₹119 crore reported in the corresponding period last year.

However, consolidated revenue in the July-September quarter grew by 5 per cent year-on-year (YoY) to ₹21,131 crore, as against ₹20,148 crore in the same period last year.

The Sunil Bharti-owned company had delayed the announcement of its results from October 29, due to the ongoing issue on the definition of adjusted gross revenue (AGR), post the order from the Supreme Court.