- ARPU IMPROVES TO 203
Bharti booked an exceptional item of ₹1,570 crore, towards tax provisioning, including interest charge, as a result of the recent Supreme Court order treating licence fee since July 1999 as capital expenditure.
The company said the Supreme Court decision has resulted in an additional tax provision of ₹226 crore primarily due to a change in the effective tax rate on account of the adoption of new tax regime.
"The interest charge of ₹1,350 crore on the above matter has been presented as an exceptional item.
Additionally, the exceptional item includes a charge of ₹220 crore on account of re-assessment of regulatory levies," it said.
Even in the absence of exceptional items, Airtel's consolidated net profit at ₹2,959 crore was below estimates, on account of weak performance by the Africa business due to foreign exchange headwinds.
Bu hikaye Financial Express Mumbai dergisinin November 01, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin November 01, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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