Bharti Airtel reports net loss of Rs 5,237 crore in Q4

Bharti Airtel on Monday reported a consolidated net loss after exceptional items of Rs 5,237 crore in the fourth quarter ended March 31, as compared to a net profit of Rs 107 crore in the corresponding period last year.

However, consolidated revenues during the quarter grew by 15 per cent year-on-year (YoY) to Rs 23,723 crore, as against Rs. 20,602 crore in the January-March quarter last year.

In line with the policy of passing through dividends received from Infratel, the Board recommended a dividend of Rs 2 per share for fiscal year 2019-20, the company said in a statement. This is subject to shareholders’ approval.