Bharti Airtel Reports Strong Q2 Performance with Revenue Growth Across Key Segments
Bharti Airtel reported consolidated revenue of Rs 40,011.00 crores for Q2 and Rs 1,01,608.00 crores for H1 FY24. Net profit reached Rs 3,593.00 crores in Q2. Mobile Services India saw ARPU rise to Rs 256.00, with 4G/5G customers growing to 285.8 million. Homes Services revenue increased by 30.2% YoY. Africa operations improved EBITDA margin to 48.8%. The company added 2,479 towers and 20,841 mobile broadband base stations. Consolidated net debt decreased by Rs 180.00 billion YoY to Rs 1.27 trillion.

*this image is generated using AI for illustrative purposes only.
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.
Historical Stock Returns for Bharti Airtel
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.95% | -0.29% | +9.35% | +11.15% | +30.34% | +364.79% |
















































