TeleGeography Logo

Airtel books annual net loss of INR322bn

19 May 2020

Indian telecoms group Bharti Airtel has published its year-end financial results for the period ending 31 March 2020, booking total revenue of INR875.4 billion (USD11.63 billion), up from INR807.8 billion in the 2018/19 financial year. EBITDA grew by 41% year-on-year to INR371.1 billion, but annual net income fell from a profit of INR4.1 billion to a loss of INR321.8 billion over the same period. The operator notes that the loss was due primarily to exceptional items totalling a charge of INR228.1 billion, the majority of which was related to a ruling by the Indian Supreme Court in October 2019 regarding the definition and calculation of Adjusted Gross Revenue (AGR), the figure upon which telcos’ licence fees are based. As a result of the decision, Airtel submitted a payment of INR127.5 billion to the Department of Telecommunications (DoT) in February 2020 to cover its dues, plus a further deposit of INR50 billion to cover any potential discrepancies between its self-assessment and the DoT’s calculations. In addition, Airtel’s domestic unit recorded an aggregate charge of INR56.4 billion relating to a dispute with the regulator over one-time spectrum charges. In operational terms, the group counted a consolidated total customer base of 423.287 million at end-March 2020, compared to 403.645 million twelve months earlier.

Its Indian division counted 283.667 million mobile subscribers at that date, a small increase from 282.640 million in March 2019, whilst ARPU grew to INR154 in the period under review from INR123 in the year-ago period. Of that mobile user base, 148.578 million were data customers (115.147 million in March 2019), of which 136.309 million were 4G subscribers (86.808 million).

India, Bharti Airtel

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.

TeleGeography

TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.