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Bharti Airtel Shares Spike 10% To Record High After March Quarter Earnings: 10 Points
19 May 2020, 10:46 AM IST 
Bharti Airtel shares were the top percentage gainer in benchmark indices Sensex and Nifty
- The Bharti Airtel stock spiked as high as Rs 584.20 apiece on the BSE in the first half of the session compared to its previous close of Rs 538.15.
- Bharti Airtel reported a net loss of Rs 5,237 crore for the fourth quarter of financial year 2019-20 due to one-time spectrum charges, as against a net profit of Rs 107.2 crore for the corresponding period a year ago.
- The telecom company said it set aside Rs 5,642 crore for one-time spectrum charges in the quarter.
- Bharti Airtel's ARPU or average revenue per user - a key gauge of a telecom company's profitability - increased to Rs 154 in the quarter ended March 31, as against Rs 123 in the year-ago period.
- The company also said its mobile business in the country had turned EBIT- or earnings before interest and taxes-positive, and its revenue from mobile services in the country rose 21.8 per cent on a year-on-year basis.
- For the entire financial year 2019-20, Bharti Airtel reported a net loss of Rs 32,183.2 crore, in contrast to a net profit of Rs 409.5 crore for the previous year.
- The Bharti Airtel stock was the top percentage gainer in benchmark indices S&P BSE Sensex and NSE Nifty 50 in morning deals, and led an intraday surge of 8.65 per cent in the S&P BSE Telecom index - which tracks 13 stocks.
- At 10:54 am, Bharti Airtel shares traded 9.05 per cent higher at Rs 586.85 on the BSE, outperforming the benchmark S&P BSE Sensex index which was up 2.16 per cent backed by broad-based gains.
- Airtel said it added 1.25 crore 4G subscribers in the final quarter of financial year 2019-20.
- Telecom companies in the country raised calling and data plan prices in the last few months after the Supreme Court upheld a demand by the telecoms department that wireless carriers pay Rs 92,000 crore ($12.11 billion) in overdue levies and interest.