New Delhi, Jan 18: Leading telecommunications company Bharti Airtel on Thursday posted a loss in the net profit by 39 per cent in December 2017 quarter in comparison with last year. The company led by Sunil Bharti Mittal has posted a  net profit of Rs 305.8 crore in comparison with Rs 504 crores in the last quarter. The company also showed a loss in the overall revenue which reduced by 13 per cent to Rs 20,319 crore. The company had earned Rs 23,336 crore in the corresponding period last financial year.Also Read - Airtel Becomes First Company To Launch 5G Services In India, Promises PAN-India Network By March 2024

The company, in a statement, said the profit was severally affected after regulatory body TRAI introduced cuts in domestic IUC (Interconnection Usage Charges). “Regulatory fiat in the form of a cut in domestic IUC (Interconnection Usage Charges) rates has exacerbated the industry ARPU (Average Revenue Per User) decline in Q3 18,” Gopal Vittal, MD and CEO, India and South Asia, Bharti Airtel said in a statement. [Also read: Reliance Jio Records 21.8 Mbps 4G Download Speed in November: TRAI] Also Read - Airtel India Faces Outage In Kolkata, Twitterati Go Mad With Memes

The company’s overall customer stood at 394.2 million across 16 countries, which was 9.2 per cent higher over the year-ago period. “India revenues for Q3 18 at Rs 15,294 crore have declined by 11.3 per cent year on year (15.1% on reported) on an underlying basis, adjusted for the impact in the reduction of domestic termination rates,” the company said. Also Read - Airtel To Roll Out 5G Services This Month; Cover Towns, Key Rural Areas By March 2024 | Detail Here

The company s consolidated net debt rose to Rs 91,714 crore as against Rs 91,480 crore in the previous quarter.”The company’s Board has declared an interim dividend of Rs 2.84 per share, which is a complete pass through of dividend received from subsidiaries,” the statement added.

(With inputs from agencies)