Bharti Airtel Q2 FY26 Earnings Results

Bharti Airtel, a leading telecom services provider across India, Africa, and other regions, reported outstanding Q2 FY26 results characterized by strong revenue growth and profitability.

Financial Highlights:

• Consolidated revenues increased 25.73% year on year to ₹52,145 crore from ₹41,473 crore.
• Total expenses rose moderately by 12.71% to ₹40,632 crore from ₹36,051 crore.
• Consolidated net profit surged 108.31% to ₹8,651 crore from ₹4,153 crore.
• Earnings per share (EPS) increased 88.75% to ₹11.91 from ₹6.31.

Key Performance Drivers:

• India wireless revenue rose 22.6% YoY to ₹38,690 crore with India wireless EBITDA margins expanding 89 basis points QoQ to 60.3%.
• Strong additions of 5.1 million 4G/5G smartphone subscribers during the quarter increased data volumes and ARPU to ₹256, up from ₹233 a year ago.
• The Homes segment saw record customer additions of 951,000, boosting revenue and digital service traction.
• Africa operations continued robust growth with constant currency revenue up 7.1% and operating margin expansion.
• Bharti Airtel board approved acquiring an additional 5% stake in Indus Towers, enhancing telecom infrastructure hold.

Outlook:

Management remains confident about continued momentum from data and digital services growth, favorable capex trends, and structural telecom industry consolidation. The company is well-positioned to generate substantial free cash flow and deleverage.

The stellar quarter underpins Bharti Airtel’s leadership in a competitive market with solid execution and premiumization strategy driving superior shareholder returns.

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