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.

Bharti Airtel , one of India's leading telecommunications service providers, has announced its financial results for the second quarter of fiscal year 2026, showcasing robust growth across key metrics.

Financial Highlights

• Consolidated revenues reached Rs 52,145 crore, marking a significant 25.7% year-on-year (YoY) increase and a 5.4% quarter-on-quarter (QoQ) growth.
• EBITDA stood at Rs 29,919 crore, up 35.9% YoY, with an EBITDA margin of 57.4%.
• Net income (before exceptional items) surged to Rs 6,792 crore, compared to Rs 3,911 crore in Q2 FY25.
• The company's India business revenue grew by 22.6% YoY to Rs 38,690 crore.

Operational Performance

• Mobile Services India reported a 13.2% YoY revenue increase, driven by ARPU improvement and continued growth in smartphone data customer acquisition.
• Average Revenue Per User (ARPU) for the quarter rose to Rs 256, up from Rs 233 in Q2 FY25.
• The company added 5.1 million smartphone data customers during the quarter, with smartphone data customers now accounting for 78% of the overall mobile customer base.
• Postpaid net additions were strong at 0.95 million for the quarter.

Segment-wise Performance

• Homes Services demonstrated robust growth, with revenue increasing by 30.2% YoY and record net customer additions of 951,000 in Q2.
• Airtel Business reported a 4.3% sequential revenue growth, driven by broad-based improvement across segments.
• Digital TV Services saw a marginal decline of 0.7% YoY in revenues.

Strategic Initiatives

• Bharti Airtel partnered with Perplexity to offer a complimentary 12-month subscription of Perplexity Pro to all its 360 million customers, valued at Rs 17,000 per year.
• The company's digital arm, Xtelify, launched a built-in-India, telco-grade sovereign cloud platform offering enhanced security and cost optimization for Indian businesses.
• Airtel's anti-fraud initiatives have resulted in a significant 68.7% decrease in the value of financial losses and a 14.3% drop in overall cybercrime incidents on its network.

Africa Operations

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

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%."

The company's focus on quality customers, network expansion, and digital initiatives continues to drive its growth trajectory in a competitive market landscape.