Bharti Airtel announced its financial results for the second quarter ended September 30, 2026. The company reported consolidated revenue of approximately ₹60,900 Crores, marking a 4% sequential increase. Consolidated EBITDAaL stood at about ₹31,500 crores, with an improved margin of 51.7%. The company highlighted strong performance across India and Africa, driven by portfolio premiumization, operational discipline, and digital growth engines.
Bharti Airtel Announces Robust Q2 2026 Financial Performance
Bharti Airtel Limited has disclosed its financial results for the second quarter of the fiscal year 2027, ending September 30, 2026. The company demonstrated a strong and consistent performance across its India and Africa operations. Consolidated revenue for the quarter reached approximately ₹60,900 Crores, reflecting a sequential growth of 4%. Africa contributed significantly with constant currency revenue growth of 6.7% sequentially.
EBITDA and Cash Flow Highlights
Consolidated EBITDAaL for the second quarter amounted to approximately ₹31,500 crores, an increase of about 5.5%. The EBITDAaL margin improved to 51.7%. Capital expenditure for the quarter was around ₹12,500 Crores, leading to a robust operating free cash flow of over ₹19,000 Crores. This performance is attributed to sharper execution, operational discipline, and cost efficiencies under the ‘War on Waste’ initiative.
India Business Performance
In India, excluding passive infrastructure, revenue growth was a strong 3.2%. India EBITDAaL, also excluding passive infra, stood at over ₹20,400 crores, with a margin of 52.7%, a 0.4% improvement. Capital expenditure in India for the quarter was ₹7,430 Crores, resulting in an operating free cash flow of nearly ₹13,000 Crores. The company also invested approximately ₹2,900 Crores in a strategic land parcel for its data center ambitions.
Growth Strategies and Digital Portfolio
Bharti Airtel’s portfolio continues to deliver strong results, with Africa accounting for about 30.5% of revenues. The company is focusing on deepening its digital network capabilities, strengthening its core portfolio, and scaling digital growth engines. The financial services portfolio, including Airtel Money and Airtel Payments Bank, is showing strong momentum. Nxtra continues to drive revenue growth in data centers and cloud services, while group synergies are being leveraged across technology, network, and operations.
ESG and Strategic Pillars
The company emphasized its commitment to ESG principles, aligning its progress with business strategy to build a sustainable enterprise. Key priorities include increasing the share of energy from alternate and renewable sources, with solarization across the network now operational on about 50,000 sites. Bharti Airtel’s strategic pillars include winning quality customers, delivering a brilliant customer experience, leveraging digital capabilities, and maintaining a relentless focus on cost discipline through ‘War on Waste’.
Q&A Highlights
During the Q&A session, management addressed queries on mobile ARPU, network capacity for AI traffic, the strategy for Fiber-to-the-Home (FWA) expansion, and data center investments. The company reiterated its focus on fiber as the primary strategy for home broadband and indicated ongoing investments in AI capabilities. Discussions also touched upon the competitive landscape, capital allocation, and growth opportunities in the B2B segment.
Source: BSE
