Bharti Airtel Q2 net income rises 32.7% to Rs 9,015 crore; revenue up 16.7%
Bharti Airtel recognised an exceptional charge of Rs 180.2 crore towards expenses incurred in connection with the listing of its subsidiary Airtel Mobile Commerce NV on the London Stock Exchange on 9 October 2026. The net charge attributable to non-controlling interests stood at Rs 45.8 crore.
Consolidated revenue rose 16.7% YoY to Rs 60,878 crore from Rs 52,145 crore. Sequentially, revenue increased 4.0% from Rs 58,539 crore.
EBITDA increased 17.8% YoY to Rs 35,240 crore from Rs 29,919 crore. Sequentially, EBITDA rose 4.9% from Rs 33,599 crore. EBITDA margin improved to 57.9% from 57.4% in both Q2 FY26 and Q1 FY27.
EBIT increased 23.3% YoY to Rs 20,556 crore from Rs 16,669 crore. The EBIT margin expanded to 33.8% from 32.0% a year ago and 32.9% in the previous quarter.
Profit before tax rose 26.7% YoY to Rs 15,608 crore from Rs 12,322 crore. Sequentially, PBT increased 10.5% from Rs 14,126 crore.
India business revenue increased 9.4% YoY to Rs 42,308 crore and 2.7% QoQ. India EBITDA stood at Rs 25,729 crore, with a margin of 60.8%. India EBIT reached Rs 14,087 crore, with a margin of 33.3%.
India Mobile revenue grew 10.1% YoY, supported by higher average revenue per user (ARPU) and smartphone data customer additions. ARPU increased to Rs 271 from Rs 256 a year ago. The company added 2.9 million smartphone data customers sequentially, while the base expanded by 18.8 million over the past year. Postpaid net additions stood at a record 1.2 million during the quarter, taking the total postpaid customer base to 31.2 million.
The Homes business reported 25.3% YoY revenue growth, with 676,000 net customer additions during the quarter. Its total customer base reached 15.4 million. Airtel Business revenue increased 11.4% YoY, while Digital TV revenue rose 2.4% YoY to Rs 771 crore.
Africa revenue increased 25.7% YoY in reported terms and 20.6% in constant currency. Its customer base stood at 193.9 million.
The company's total customer base expanded to 692.6 million across 15 countries, up 11.1% YoY. Consolidated EBITDA after lease costs (EBITDAaL) stood at Rs 31,488 crore, with a margin of 51.7%.
Consolidated capital expenditure stood at Rs 12,467 crore, including Rs 9,908 crore in India. The company also invested Rs 2,826 crore in a strategic land parcel for data centre expansion in India.
Consolidated net debt-to-EBITDA ratio (annualised) improved to 1.18 from 1.63 a year ago. Net debt, excluding lease obligations, to EBITDAaL ratio stood at 0.70.
Gopal Vittal, executive vice chairman, said the company delivered another quarter of consistent performance, supported by its diversified portfolio. He highlighted strong growth in Africa, continued momentum in India Mobile, record postpaid additions and sustained growth in Homes and Airtel Business.
He added that the strategic land acquisition marked progress towards the company's ambition of building 1 GW of data centre capacity. The company also reported encouraging early traction in its financial services business.
Bharti Airtel is a global telecommunications provider headquartered in India, serving over 650 million customers across 15 countries in India and Africa. It offers mobile, broadband, digital TV, entertainment, digital payments and financial services, along with enterprise solutions spanning cloud, data centres, cybersecurity and IoT. Through its digital arm Xtelify, the company provides AI-driven technology solutions and cloud services. It also offers passive telecom infrastructure services through its subsidiary Indus Towers.
Shares of Bharti Airtel were up 1.12% at Rs 2,080. The stock fell 0.52% in the previous session.
Powered by Capital Market - Live News