Provisioning due to AGR payout blows a Rs 23,045 crore hole in Bharti Airtel's Q2 FY20 balance sheet. Supreme Court dismisses review petitions against its judgement in the Rafale deal case. The deadline for filing annual GST returns has been extended by the CBIC. Read for more top stories from the world of business and economy:
Bharti Airtel's consolidated net loss before exceptional items for Q2FY20 stood at Rs 1,123 crore. Consolidated total revenue stood at Rs 21,131 crore, up 4.9 per cent YoY.
The divergence is a normal trend because we are not talking about the same set of products and their price variations when we look at both the indices. Even same products in these indices carry different weightages.
Consolidated revenue from operations declined marginally by 3 per cent to Rs 21,739 crore in Q2FY20 versus Rs 22,432 crore in Q2FY19, primarily due to headwinds in the commodity prices.