InvestorQ : Why has Bharti Airtel put off its results announced for the September quarter? Is there something to worry about the stock?
Arti Chavan made post

Why has Bharti Airtel put off its results announced for the September quarter? Is there something to worry about the stock?

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Crowny Pinto answered.
2 years ago
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The delay has more to do with the recent Supreme Court decision on the telecom companies to pay Rs.92,000 crore to the government. In fact, Bharti Airtel gas asked for more time to release its September-quarter earnings report, as it evaluates the impact of the SC ruling asking Bharti and Vodafone Idea to pay $13 billion to the government.

Bharti needs time to discuss with lawyers and take a view on what it means for its profitability. Bharti and Vodafone have already been steadily losing subscribers to Reliance Industries-owned Jio. It may be recollected that Supreme Court had recently upheld a demand by the Department of Telecom (DOT) that wireless carriers must pay Rs 92,000 crore in overdue levies along with interest to the government of India. The only consolation for Bharti is that the government is willing to take a more lenient view.

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