BHARTIARTLNSEBharti Airtel Limited· Telecommunication - ServicesHighNeutral
Announced Mon, 3 Nov · 16:33 IST

Bharti Airtel Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.

Revenue Growth 20pctPat Growth 25pctEbitda Margin ExpansionEmphasis Of MatterExceptional ItemResults View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Bharti Airtel posted strong Q2 FY26 results with consolidated revenue from operations of ₹521,454 million, up 25.7% YoY from ₹414,733 million, and up 5.4% QoQ. Six-month revenue grew to ₹1,016,080 million from ₹799,797 million, a 27% jump. Profit for the quarter more than doubled to ₹86,508 million from ₹41,534 million, with PAT attributable to owners at ₹67,917 million (vs ₹35,932 million). Operating margin expanded sharply to 31.4% from 26.2% in Q2 FY25, and net profit margin rose to 16.6% from 10.0%. Diluted EPS climbed to ₹11.30 from ₹6.00. Growth was led by Mobile Services India and Africa, with Africa revenue up ~35% YoY. Net cash from operations for H1 stood at ₹608,912 million, and the debt-equity ratio improved to 0.82x from 1.28x a year earlier.

Likely market impact

Broad-based revenue growth, double-digit margin expansion, and improving leverage point to strong business momentum that should support the stock. However, the auditor's emphasis of matter on material uncertainty at one of Indus Towers' largest customers (clearly referring to Vodafone Idea) and its potential impact on group receivables is a watchpoint, though the audit opinion itself remains unmodified.