Bharti reports quarterly loss, brokerages say 4G looks strong

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Bharti reports quarterly loss, brokerages say 4G looks strong

Aug 02, 2019 13:47 IST

Bharti Airtel reported a worse-than-expected quarterly loss on Thursday, as the company lost more customers and spent more to upgrade its 4G network during the quarter. The net loss came in at Rs 2,866 crore, compared to a profit of Rs 97.3 crore a year ago. Revenues rose 4.7 percent to Rs 20,738 crore. Brokerage house Morgan Stanley says the numbers are largely in-line with estimates and the 4G subscriber addition momentum has been robust, while CLSA feels Q1 numbers are a mixed bag.