Summary:
Bharti Airtel reported a 16.7 per cent year-on-year increase in consolidated revenue to Rs 608.78 billion in Q2 FY27, while EBITDA rose 17.8 per cent to Rs 352.40 billion, with margins improving to 57.9 per cent. Net income before exceptional items grew 32.7 per cent to Rs 90.15 billion. The company’s consolidated customer base expanded 11.1 per cent to 692.58 million, supported by growth across its India and Africa operations. Airtel also recorded strong performance across its mobile, homes and enterprise businesses, while advancing its plans to develop 1 GW of data centre capacity and expand its financial services business.
Bharti Airtel has published its consolidated financial performance for the quarter ended (QE) September 30, 2026. The company’s consolidated revenue rose 16.7 per cent year on year to Rs 608.78 billion in the second quarter (Q2) of financial year 2026-27 (FY27), up from Rs 521.45 billion in Q2 FY26. Compared with the previous quarter, revenue registered a 4.0 per cent increase from Rs 585.39 billion in Q1 FY27.
Earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 17.8 per cent YoY to Rs 352.40 billion, against Rs 299.19 billion in Q2 FY26. On a sequential basis, EBITDA rose 4.9 per cent from Rs 335.99 billion in Q1 FY27. The EBITDA margin improved to 57.9 per cent from 57.4 per cent recorded in the same quarter of the previous financial year.
Similarly, earnings before interest and tax (EBIT) advanced 23.3 per cent YoY to Rs 205.56 billion, compared with Rs 166.69 billion. Profit before tax (PBT) registered a 26.7 per cent increase to Rs 156.08 billion from Rs 123.22 billion in Q2 FY26. Net income before exceptional items rose 32.7 per cent to Rs 90.15 billion, compared with Rs 67.92 billion in the year-ago quarter.
In terms of operations, Airtel’s consolidated subscriber base expanded 11.1 per cent YoY to 692.58 million in September 2026, compared with 623.55 million in September 2025. The company’s customer base in India increased 10.9 per cent to 498.69 million, while its African operations recorded an 11.6 per cent rise to 193.89 million customers.
Sharing his views on the financial performance, the executive vice chairman of Bharti Airtel said, “We delivered another quarter of consistent performance with consolidated revenues of Rs 608.78 billion, increasing 4 per cent QoQ, underscoring the strength of our diversified portfolio. Africa delivered a standout quarter with 6.7 per cent QoQ constant currency revenue growth. Africa’s improving performance is also benefiting from the rollout of Airtel’s homegrown technology stack across markets, powering our go-to-market capabilities. Group-wide synergies are also beginning to deliver tangible operating gains. India business recorded strong revenue growth of 2.7 per cent sequentially.
India Mobile registered a 3.4 per cent QoQ revenue increase, supported by our focus on upgrading the customer portfolio towards premium offerings and attracting high-quality subscribers. Postpaid services continued to perform well, recording an all-time high net addition of 1.2 million customers. We also gained 2.9 million smartphone data users, while our industry-leading ARPU continued to improve, reaching Rs 271.
The Homes segment added 676,000 customers, supported by a focused approach to customer acquisition and ongoing efforts to advance our convergence strategy.
Airtel Business maintained its growth trajectory, posting revenue increases of 3.8 per cent QoQ and 11.4 per cent YoY, driven by healthy contributions across its portfolio.
Our emerging business segments are also continuing to build momentum. During the quarter, our investment in a strategic land parcel represented another significant milestone in our plans to develop 1 GW of data centre capacity. In Financial Services, the initial response following the commercial launch has been highly encouraging. Our digital platforms, sophisticated data analytics capabilities and disciplined operational approach provide a solid base for expanding this business.
We remain committed to preserving a strong and stable balance sheet, supported by healthy cash generation and prudent capital allocation.”
