Bharti Airtel’s Africa unit posts loss of Rs 760 crore in March quarter

Bharti Airtel’s Africa unit, Airtel Africa, has posted a loss of USD 91 million, about Rs 760 crore, in the fourth quarter ended March 2024 on account of tax impact and forex loss, the company said on Thursday.

Airtel Africa had posted a consolidated profit of USD 227 million in the same period a year ago.

The consolidated revenue of the company, which operates in 14 African countries, declined by 16.6 per cent to USD 1,118 million during the reported quarter from USD 1,341 million in the March 2023 quarter. The revenue was, however, up 23.1 per cent on a constant currency basis.