Bharti Airtel Limited has informed the Exchange about Transcript
BHARTIARTL · price
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Bharti Airtel reported FY2025 consolidated revenues of under ₹173,000 Crores, with EBITDA after lease obligations growing 21.2% on a ~2.3% margin improvement. India revenue (excluding Indus) rose 15.3% and India EBITDAaL grew 20.2% at a 48% margin, despite absorbing full 5G costs. India capex for the year was ~₹30,270 Crores and operating free cash flow came in at ~₹31,400 Crores. Q4 consolidated revenue stood at ₹47,876 Crores with India EBITDAaL margins at 50.7% (up 1.4%). The company prepaid another ₹5,985 Crores of high-cost DoT spectrum debt, with India net debt-to-EBITDAaL at 1.5. Management guided FY2026 capex to be lower than FY2025, flagged plans to double data center capacity in three years, expressed openness to buying more Airtel Africa shares, and reiterated the need for further telecom tariff repair to sustain industry financial health.
Positive signals for shareholders: continued margin expansion, falling leverage, a step-up in dividends, and easing capex intensity should support cash flows and returns. The call reaffirms a strong FY2026 outlook but key specifics on dividend policy and FY2026 capex quantum were left flexible rather than quantified.