The wireless carrier had posted a net loss of 49.74 billion rupees a year ago.
The SC upheld the government's position on including revenue from non-telecommunication businesses in calculating the annual AGR of telecom companies, a share of which is paid as licence and spectrum fee to the exchequer.
Thus the liabilities/provisions as at September 30, 2019 aggregate Rs 34,260 crore (comprising principal of Rs 8,747 crore, interest of Rs 15,446 crore, penalty of Rs 3,760 crore and interest on penalty of Rs 6,307 crore).
Both operators have made provisions to pay Adjusted Gross Revenue dues to the Centre following an adverse ruling by the Supreme Court.
The company, which incurred a loss of Rs 4,873 crore in Q1 of the current fiscal, said that it is in the process of filing a review petition of the AGR judgment in the Supreme Court. In the July-September 2018 quarter, Bharti Airtel had posted a profit of Rs 118 crore, Mint reported. "Following the Supreme Court judgement in the AGR [adjusted gross revenue] matter, the company has recognised a charge of Rs 256.8 billion [Rs 25,680 crore] in the financial statements", Vodafone Idea said in the statement it filed with the BSE.
Singtel on Thursday posted a second-quarter loss of S$668 million ($491.29 million) hurt by a one-time charge recorded by India's Bharti Airtel.
In recent weeks, executives of United Kingdom -headquartered Vodafone, which owns 45% of Vodafone Idea, have said that the group's telecom business in India could collapse if the government does not offer it any relief. Jio's dues are just Rs 13 crore since it is a late entrant in this field.
Voda Idea's recent discussions, he said, suggest the government is taking these requests "very seriously", and is looking at "a comprehensive solution very shortly" for the industry that it views as "strategic and too important" for India.
"On the AGR verdict of the Supreme Court, we continue to engage with the government and are evaluating various options available to us", he said. "This represents a material uncertainty whereby it may be unable to realise its assets and discharge its liabilities in normal course of business and accordingly may cast significant doubt on the Groups's ability to continue as a going concern", it said.
Any waiver and/or grant of deferred payment terms for the AGR liability by the government, reduction of license fee and/or SUC rates and a moratorium on payment of DoT spectrum instalments are essential to meet the funding requirements for the aforesaid payments. Bharti Airtel's revenue in the quarter stood at $2.93 billion.
Vodafone Idea posted a revenue of 108,440 million Indian rupees ($1.5 billion), down 3.8% since past year.
As per estimate, the liability of Bharti Airtel Group is Rs 62,187.73 crore, Vodafone Idea Rs 54,183.9 crore and BSNL and MTNL Rs 10,675.18 crore.