rahul1117kumar
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Bharti Airtel is heading towards reporting its first quarterly loss due to constantly falling revenues because of Reliance Jio's entry.
After reporting 39.3 per cent drop in consolidated net profit for the third quarter of the FY18, Airtel could end up posting a loss in the March quarter, a first in 60 quarters (or 15 years) on falling revenue and rising costs.
The last time the firm reported a loss was in the December 2002 quarter, when the figure came in at a negative Rs 70.70 million.
Reliance Jio impact: Airtel to report first quarterly loss in 15 years on constantly falling revnues | Latest News & Updates at Daily News & Analysis
After reporting 39.3 per cent drop in consolidated net profit for the third quarter of the FY18, Airtel could end up posting a loss in the March quarter, a first in 60 quarters (or 15 years) on falling revenue and rising costs.
The last time the firm reported a loss was in the December 2002 quarter, when the figure came in at a negative Rs 70.70 million.
Reliance Jio impact: Airtel to report first quarterly loss in 15 years on constantly falling revnues | Latest News & Updates at Daily News & Analysis