Bharti Airtel reports a loss of Rs 52,370 million during QE March 2020

Bharti Airtel Q4 FY20 financial results

Bharti Airtel has reported a loss of Rs 52,370 million during the quarter ended (QE) March 2020. However, the operator’s total revenue has grown by 15 per cent from Rs 206,022 million during quarter ended (QE) March 2019 to Rs 237,227 million during the corresponding quarter in 2020.

Meanwhile, the standalone earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 52 per cent on a year on year (YoY) basis from Rs 68,064 million to Rs 103,263 million during the period under consideration.

Subscriber base as on March 31, 2020 stood at 423.2 million, an increase of 4.9 per cent as compared to 403.6 million in the corresponding quarter last year. The company’s average revenue per user (ARPU) for the quarter came in at Rs 154 as compared to Rs 123 a year ago.

Picture credits: BloombergQuint