Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, we are enclosing herewith the transcript of the Earning Call held on May 14, 2026 ....
BHARTIARTL · price
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Bharti Airtel reported consolidated revenue of Rs.55,400 crore in Q4 FY2026 with EBITDAaL margins at 52%, improving 20 basis points sequentially. Full-year revenue reached a lifetime high of Rs.2,11,000 crore with EBITDAaL of Rs.1,08,000 crore (51.2% margin). India business delivered Rs.72,500 crore EBITDAaL, growing 18% with 3.1% margin improvement. The Board approved a 50% dividend increase to Rs.24 per share. Key strategic moves include acquiring an additional 16.3% stake in Africa operations via share swap (no cash), Nxtra raising $1 billion for data center expansion, and RBI approval for Airtel's NBFC subsidiary. Chairman Mittal outlined a plan to increase Bharti Telecom's stake to 51%, with management targeting doubling down on ARPU growth through postpaid upgrades and pricing architecture changes. Geopolitical headwinds from the West Asia crisis impacted international roaming revenues.
Strong operational performance with margin expansion demonstrates execution strength. The 50% dividend increase and declining net debt-to-EBITDA (1.1x) signal improving shareholder returns. However, management acknowledged ARPU growth was weaker than expected due to international roaming headwinds, though they remain committed to accelerating growth through postpaid penetration and potential tariff restructuring.