Bharti Airtel reported a consolidated net loss of Rs 2,866 crore in the April-June quarter, its first in 14 years, dragged by a one-time expense relating to 3G gear and a sharp increase in finance costs, even though India mobile services continued to show signs of a recovery with average revenue per user (ARPU) moving up sequentially for the second straight three-month period. 

The Sunil Mittal-led telco’s net loss for the fiscal third quarter-—compared to a Rs 97.3 crore net profit a year ago—came due to a Rs 1,445.4 crore exceptional hit, a 50 per cent on-year jump in net finance costs to Rs 3,181.5 crore and a 31.4 per cent jump in depreciation & amortisation costs to Rs 6,758.7 crore.