Bharti Airtel , one of India's leading telecommunications service providers, has announced its financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company reported a robust performance with significant year-over-year growth in revenue and profitability.

Key Financial Highlights

• Consolidated revenue reached ₹52,145.00 crore, marking a 25.7% increase compared to Q2 FY25.
• EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) stood at ₹29,919.00 crore, up by 35.9% year-over-year.
• EBITDA margin improved to 57.4%, compared to 56.8% in the same quarter last year.
• Net income (before exceptional items) grew by 73.6% to ₹6,792.00 crore.
• Consolidated net debt to EBITDA ratio (annualized) improved to 1.63 times, down from 2.01 times in Q2 FY25.

Segment Performance

India Operations

• India revenue increased by 22.6% year-over-year to ₹38,690.00 crore.
• Mobile services in India saw a 13.2% YoY revenue growth, driven by higher realizations and an expanding customer base.
• Average Revenue Per User (ARPU) for mobile services improved to ₹256.00, up from ₹233.00 in Q2 FY25.
• The company added 951,000 home broadband customers during the quarter, bringing the total customer base to 11.9 million.

Africa Operations

• Africa revenue (in constant currency) grew by 24.2% year-over-year.
• EBITDA margin for Africa operations improved to 48.8%, up 238 basis points YoY.

Operational Highlights

• The company's overall customer base grew to approximately 624 million across 15 countries, a 10.7% increase YoY.
• Mobile data traffic surged by 27.7% YoY to 25,207 petabytes.
• Postpaid customer base in India grew by 11.6% YoY to 27.5 million.
• Airtel added 2,479 towers and 20,841 mobile broadband base stations during the quarter in India.

Strategic Initiatives

Bharti Airtel announced several strategic initiatives during the quarter:

1. Partnership with Perplexity to offer a 12-month complimentary subscription of Perplexity Pro to all its mobile, home, and digital TV customers.
2. Launch of 'Airtel Cloud', a sovereign, telco-grade cloud platform for businesses in India.
3. Introduction of an AI-powered software platform to help telcos improve customer experience and reduce churn.

Management Commentary

Gopal Vittal, Vice-Chairman and MD of Bharti Airtel, commented on the results: "We delivered another quarter of solid performance, achieving a consolidated revenue of ₹52,145 crore growing 5.4% sequentially and underscoring the strength of our portfolio. Our India revenue, including Passive Infrastructure Services, increased by 2.9%. Africa delivered another quarter of standout performance with constant currency revenue growth of 7.1%."

Vittal also highlighted the strong momentum in the postpaid segment and the sustained growth in the Homes business. He emphasized the company's focus on quality customers and premiumization of its portfolio.

In conclusion, Bharti Airtel's Q2 FY26 results demonstrate strong growth across key financial and operational metrics, reflecting the company's robust performance in both its India and Africa operations.

Bharti Airtel Limited delivered quarterly results that exceeded analyst expectations across key metrics. The company reported consolidated revenue of Rs 40,011.00 crores for Q2 and Rs 1,01,608.00 crores for the six months ended September 30. Consolidated net profit reached Rs 3,593.00 crores for Q2 and Rs 7,421.00 crores for the six-month period. The company's consolidated profit before tax stood at Rs 12,381.00 crores for Q2.

The company's strong performance was driven by growth across its business segments:

Mobile Services India

• Revenue increased to Rs 28,118.00 crores in Q2
• EBITDA margin expanded to 60.3% from 57.1% in the previous year
• Average Revenue Per User (ARPU) rose to Rs 256.00 from Rs 233.00 in the previous year
• 4G/5G data customers grew by 22.2 million year-over-year to 285.8 million

Homes Services

• Revenue surged 30.2% year-over-year to Rs 1,865.00 crores
• Added 951,000 new customers, reaching a total base of 11.9 million

Airtel Business

• Revenue increased to Rs 5,276.00 crores for the quarter

Africa Operations

• Mobile Services Africa contributed Rs 13,680.00 crores in Q2
• EBITDA margin improved to 48.8% from 46.5% in the previous year

Gopal Vittal, Vice-Chairman and MD, commented on the results: "We delivered another quarter of solid performance, achieving a consolidated revenue of ₹52,145 crore growing 5.4% sequentially and underscoring the strength of our portfolio. Our India revenue, including Passive Infrastructure Services, increased by 2.9%. Africa delivered another quarter of standout performance with constant currency revenue growth of 7.1%."

The company continued to invest in its network, adding 2,479 towers and 20,841 mobile broadband base stations during the quarter. Bharti Airtel's consolidated net debt to EBITDA ratio (annualized) improved to 1.63 times compared to 2.50 times in the previous year.

Notably, Bharti Airtel's consolidated net debt excluding lease obligations decreased to Rs 1.27 trillion in Q2, down from Rs 1.45 trillion in the same period last year. This represents a year-over-year reduction of Rs 180.00 billion in the company's debt position.

Bharti Airtel also announced a partnership with Perplexity to offer a complimentary 12-month subscription to Perplexity Pro for all its mobile, homes, and digital TV customers, enhancing its value proposition in the competitive telecom market.

The Board approved these audited results in their meeting. Basic earnings per share stood at Rs 10.25 for Q2 and Rs 21.83 for the six-month period.