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Bharti Airtel (BHARTIARTL) investor relations material
Bharti Airtel Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary4 Nov, 2025
Executive summary
Consolidated revenues reached INR 52,145.4 crore for Q2 FY26, with an annualized run rate exceeding INR 200,000 crore, reflecting strong year-over-year growth.
Net profit for the quarter rose to INR 8,650.8 crore, more than doubling year-over-year.
Strong operational execution across mobile, broadband, digital, and B2B segments, with continued network expansion and digital innovation.
Significant progress on ESG initiatives, including solarizing over 35,000 sites and leveraging AI for energy optimization.
Employment impact includes 20,000 direct, 80,000 associate, and 670,000 indirect jobs, totaling 760,000.
Financial highlights
EBITDA for Q2 FY26 was INR 30,289.1 crore, up from INR 22,100.9 crore in Q2 FY25.
India revenues (excluding industry) at INR 34,900 crore; EBITDA margin (excluding passive interest) at 51.5%.
Operating free cash flow at INR 10,750 crore; CapEx for the quarter at INR 7,200 crore.
Net profit margin increased to 16.6% from 10.0% year-over-year.
Digital revenues grew 24% year-over-year; Payments bank monthly transacting users at 104 million, deposits up 35% year-over-year.
Outlook and guidance
Continued investment in digital networks, data centers, and customer experience to future-proof the business.
Home broadband market expected to double to 100 million connected homes in the medium term; aggressive expansion planned.
CapEx expected to remain elevated in the near term due to parallel investments in fiber and FWA, but overall guidance is for moderation over time.
Data center investments to increase, especially through Nextra and the Google partnership, with a focus on capturing higher market share.
Management continues to monitor the financial condition of a major customer of Indus Towers, which could impact future receivables and asset recoverability.
Indus Towers customer going concern impact?
Rationale for South Asia Mobile Services disposal?
Why did Digital TV Services segment decline?
AGR reassessment: Airtel's next steps with govt?
Nxtra's data center market share ambition & CapEx?
5G monetization beyond speed; ARPU growth drivers?
AGR dues: Airtel's next steps with govt?
Nextra's 1GW data center investment scale?
5G monetization strategy beyond speed?
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Next Bharti Airtel earnings date
Q3 20265 Feb, 2026
Next Bharti Airtel earnings date
Q3 20265 Feb, 2026
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Frequently asked questions
Bharti Airtel Limited operates as a telecommunications company in Asia and Africa. Bharti Airtel Limited provides voice telephony services; mobile and fixed line broadband, and other data services; and value-added services, such as caller ring back tone, caller tune, music on demand, video on demand, interactive games, directory service, and real time short messaging. The company also offers postpaid mobile, prepaid mobile, fixed-line telephone services, mobile telephone services for international calls; Internet protocol television services; connections to international businesses through its global telecom network spanning the Asia-Pacific region; and application service provider offerings comprising critical business applications for core backend processes through its omni channel enterprise solutions.
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