Interim report
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airtel Bharti Airtel Limited Registered Office : Bharti Crescent , 1 , Nelson Mandela Road , Vasant Kunj , Phase II , New Delhi - 110 070 , India CIN : L74899DL1995PLC070609 T : + 91-11-4666 6100 , F : + 91-11-4166 6137 , Email id : compliance.officer@bharti.in Statement of Audited Consolidated Financial Results for the quarter and nine months ended December 31 , 2020 Quarter ended ( Rs . Millions ; except per share data ) Nine months ended December 31 , 2020 Audited December Income Particulars Revenue from operations Other income Expenses Network operating expenses Access charges December 31 , 2020 Audited September 30 , 2020 Audited December 31 , 2019 Audited 31 , 2019 Audited Year ended March 31 , 2020 Audited 265,178 492 265,670 250,604 1,031 251,635 213,436 3,067 216,503 748,685 5.589 754,274 616,578 7.159 623,737 846,765 15,357 862,122 55,479 54,198 30,632 29,229 49,849 27,109 160,640 144,795 196,305 87,872 79,125 107,395 License fee / Spectrum charges 22,952 22,354 17,875 66,072 53,257 73,826 Employee benefits expense 10,260 10,172 8,914 31,157 25,617 35,137 Sales and marketing expenses 10,524 8,722 8,979 26,525 24,901 34,236 Other expenses 14,801 15,232 13,546 46,021 42,524 57,332 144,648 139,907 Profit before depreciation , amortisation , finance costs , share of profit of associates and joint ventures , exceptional items and tax 121,022 111,728 126,272 90,231 418,287 335,987 370,219 504,231 253,518 357,891 Depreciation and amortisation expense 75,031 72,862 68,178 Finance costs Share of loss of associates and joint ventures ( net ) Profit / ( loss ) before exceptional items and tax Exceptional items ( net ) Loss before tax from continuing operations Tax expense / ( credit ) Current tax Deferred tax Loss for the period from continuing operations Profit from discontinued operation before tax Tax expense of discontinued operation Profit for the period from discontinued operation 39,719 37,914 2,206 4,066 2,926 32,893 2,015 219,025 112,304 6,202 ( 1,974 ) ( 12,855 ) ( 1,544 ) 202,329 99,261 5,384 ( 53,456 ) 270,944 140,732 6.627 45,599 ( 41,533 ) 493 ( 2,467 ) 10,500 ( 23,355 ) 163,549 ( 165,093 ) 332.304 ( 385,760 ) ( 60,412 ) 400,892 ( 461,304 ) 5,594 37.473 ( 84,600 ) 4,949 ( 814 ) ( 6,602 ) 5,986 ( 17,623 ) ( 11,718 ) 98,697 596 98,101 7,645 1,382 6,263 8,327 1.258 7,069 113,698 3.131 110,567 14,126 70,098 ( 249,317 ) 14,911 ( 118.515 ) ( 282,156 ) 27,400 2.116 25,284 17,932 ( 143,056 ) ( 336,180 ) 32,839 3,301 29,538 13,501 ( 339 ) ( 4,649 ) ( 138,750 ) ( 256,872 ) ( 306,642 ) Profit / ( loss ) for the period Other comprehensive income ( ' OCT ' ) Items to be reclassified subsequently to profit or loss : - Net ( loss ) / gain due to foreign currency translation differences ( 7,275 ) ( 2,487 ) 781 ( 10,625 ) Net ( loss ) gain on net investment hedge ( 229 ) 1,418 ( 1,015 ) 977 2,813 ( 2,324 ) 4,814 ( 10,856 ) - Net gain / ( loss ) on cash flow hedge 220 27 ( 109 ) - Net ( loss ) / gain on fair value through OCI investments ( 34 ) 99 ( 124 ) ( 107 ) ( 108 ) - Tax ( charge ) / credit on above ( 11 ) ( 413 ) 195 ( 436 ) 559 2,883 Items not to be reclassified to profit or loss : - Re - measurement ( loss ) / gain on defined benefit plans ( 126 ) 24 140 ( 119 ) ( 110 ) ( 76 ) - Tax credit / ( charge ) on above 71 ( 9 ) ( 9 ) - Share of OC of associates and joint ventures ( 37 ) ( 7 ) 7 56 ( 117 ) 58 ( 41 ) 4 15 Other comprehensive ( loss ) / income for the period ( 7,641 ) ( 1,375 ) 319 Total comprehensive income / ( loss ) for the period 5,860 ( 1,714 ) ( 4,330 ) ( 10,388 ) ( 149,138 ) 920 ( 255,952 ) ( 3,478 ) ( 310,120 ) Profit / ( loss ) for the period attributable to 13,501 Owners of the Parent 8,536 ( 339 ) ( 7,632 ) Non - controlling interests 4,965 7,293 5,704 ( 4,649 ) ( 138,750 ) ( 10,353 ) ( 158,427 ) 19,677 ( 256,872 ) ( 306,642 ) ( 269,462 ) ( 321,832 ) 12,590 15,190 Other comprehensive ( loss ) / income for the period attributable to : Owners of the Parent ( 7,641 ) ( 1,375 ) 319 ( 10,388 ) ( 3,305 ) Non - controlling interests ( 4,336 ) 1,798 ( 3,173 ) ( 1,070 ) 1,389 ( 2,211 ) ( 8,177 ) 920 ( 1,901 ) 2,821 ( 3,478 ) ( 11,748 ) 8,270 Total comprehensive income / ( loss ) for the period attributable to : Owners of the Parent 5,860 ( 1,714 ) 5,231 ( 5,834 ) Non - controlling interests 629 4,120 ( 4,330 ) ( 11,422 ) 7,092 ( 149,138 ) ( 160,638 ) 11,500 ( 255,952 ) ( 271,363 ) 15,411 ( 310,120 ) ( 333,580 ) 23,460 Loss per share from continuing operations ( Face value : Rs . 5 / - each ) Basic Diluted ( 16.10 ) ( 1.99 ) ( 2.74 ) ( 47.90 ) ( 56.93 ) ( 66.48 ) ( 16.10 ) ( 1.99 ) ( 2.74 ) ( 47.90 ) ( 56.93 ) ( 66.48 ) Earnings per share from discontinued operation ( Face value : Rs . 5 / - each ) Basic 17.67 0.59 0.72 18.85 2.68 Diluted 17.67 0.59 0,72 18.85 2.68 3.07 3.07 Earnings / ( loss ) per share from continuing and discontinued operations ( Face value : Rs . 5 / - each ) Basic Diluted 1.57 ( 1.40 ) ( 2.02 ) ( 29.05 ) ( 54.25 ) ( 63.41 ) 1.57 ( 1.40 ) ( 2.02 ) ( 29.05 ) ( 54.25 ) ( 63.41 ) Paid - up equity share capital ( Face value : Rs . 5 each ) 27,278 569,792 27,278 566,115 25,660 662,627 27,278 569,792 25,660 27,278 662,627 744,170 Other equity Haskins Chartered お Accountants Deloitte * Sells LLP Limited Bharti A Airt airtel *