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Bharti Airtel Q2 FY27 results: net profit up 74.6% to ₹7,933 crore, revenue up 10.9%
Bharti Airtel Limited reported standalone revenue of ₹33,372 crore and net profit of ₹7,933 crore for Q2 FY27. Revenue rose 10.9% from Q2 FY26, while profit rose 74.6% and EBITDA margin increased 1.1 percentage points to 59.2%.
Key points
- Standalone revenue was ₹33,372 crore in Q2 FY27, up 10.9% from ₹30,092 crore in Q2 FY26 and 3.1% from ₹32,357 crore in Q1 FY27.
- EBITDA rose to ₹19,768 crore from ₹17,476 crore in Q2 FY26, while margin increased from 58.1% to 59.2%.
- Net profit was ₹7,933 crore, up 74.6% from ₹4,545 crore in Q2 FY26 and 46.2% from ₹5,428 crore in Q1 FY27.
- Basic EPS rose to ₹12.71 from ₹7.84 in Q2 FY26 and ₹8.89 in Q1 FY27.
- Other income rose to ₹3,073 crore from ₹1,079 crore in Q2 FY26, while finance costs fell to ₹3,778 crore from ₹3,854 crore.
How did Bharti Airtel perform in Q2 FY27?
Bharti Airtel reported standalone revenue of ₹33,372 crore in Q2 FY27, up from ₹30,092 crore in Q2 FY26 and ₹32,357 crore in Q1 FY27. EBITDA was ₹19,768 crore, compared with ₹17,476 crore in Q2 FY26 and ₹18,937 crore in Q1 FY27. The EBITDA margin rose to 59.2% from 58.1% in Q2 FY26 and 58.5% in Q1 FY27.
Net profit was ₹7,933 crore, compared with ₹4,545 crore in Q2 FY26 and ₹5,428 crore in Q1 FY27. Basic EPS was ₹12.71, compared with ₹7.84 in Q2 FY26 and ₹8.89 in Q1 FY27. The company also reported audited consolidated results, but the figures in this article are on a standalone basis.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 33,372 | 32,357 | 30,092 | +10.9% | +3.1% |
| Other income | 3,073 | 561 | 1,079 | +184.8% | +447.8% |
| Total expenses | 26,607 | 26,174 | 25,094 | +6.0% | +1.7% |
| EBITDA | 19,768 | 18,937 | 17,476 | +13.1% | +4.4% |
| EBITDA margin | 59.2% | 58.5% | 58.1% | +1.1 pp | +0.7 pp |
| Profit before tax | 9,837 | 6,743 | 6,078 | +61.9% | +45.9% |
| Tax | 1,904 | 1,316 | 1,533 | +24.2% | +44.7% |
| Net profit | 7,933 | 5,428 | 4,545 | +74.6% | +46.2% |
| EPS (₹) | 12.71 | 8.89 | 7.84 | +62.1% | +43.0% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Bharti Airtel's costs and profit?
Other income rose to ₹3,073 crore in Q2 FY27 from ₹1,079 crore in Q2 FY26, an increase of ₹1,994 crore. Total expenses increased to ₹26,607 crore from ₹25,094 crore, including higher depreciation of ₹602.50 crore and other expenses of ₹973.30 crore. Employee cost was ₹13.90 crore higher, while finance costs were ₹76.20 crore lower.
Profit before tax rose to ₹9,837 crore from ₹6,078 crore in Q2 FY26, an increase of ₹3,760 crore. Tax expense increased to ₹1,904 crore from ₹1,533 crore, a rise of ₹371.60 crore. There was no exceptional item in either quarter.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 588.10 | 574.20 | +13.90 | +2.4% |
| Finance costs | 3,778 | 3,854 | −76.20 | −2.0% |
| Depreciation | 9,226 | 8,623 | +602.50 | +7.0% |
| Other expenses | 13,016 | 12,043 | +973.30 | +8.1% |
| Total expenses | 26,607 | 25,094 | +1,514 | +6.0% |
| Other income | 3,073 | 1,079 | +1,994 | +184.8% |
| Tax | 1,904 | 1,533 | +371.60 | +24.2% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, standalone revenue was ₹65,728 crore, up from ₹59,342 crore in H1 FY26, while total income rose to ₹69,362 crore from ₹60,752 crore. Profit before tax increased to ₹16,581 crore from ₹11,141 crore.
H1 FY27 net profit was ₹13,360 crore, compared with ₹8,309 crore in H1 FY26. Basic EPS rose to ₹21.64 from ₹14.33, while profit before tax increased 48.8% and net profit rose 60.8%.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 65,728 | 59,342 | +10.8% |
| Profit before tax | 16,581 | 11,141 | +48.8% |
| Net profit | 13,360 | 8,309 | +60.8% |
| EPS (₹) | 21.64 | 14.33 | +51.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, standalone total assets were ₹428,775 crore, compared with ₹399,986 crore at 31 March 2026. Total equity rose to ₹187,442 crore from ₹160,535 crore, while borrowings fell to ₹93,112 crore from ₹95,072 crore. Cash declined to ₹77 crore from ₹6,958 crore.
For H1 FY27, operating cash flow was ₹39,662 crore, compared with ₹39,516 crore in H1 FY26. Investing cash flow was negative ₹22,803 crore against negative ₹22,376 crore, and financing cash flow was negative ₹23,740 crore against negative ₹17,663 crore. Capital expenditure was ₹16,080 crore, compared with ₹13,545 crore in the earlier first half.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 4,28,775 | 3,99,986 |
| Total equity | 1,87,442 | 1,60,535 |
| Borrowings | 93,112 | 95,072 |
| Cash and equivalents | 77.20 | 6,958 |
| Inventories | 0 | 0 |
| Trade receivables | 3,592 | 2,894 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 39,662 | 39,516 |
| Cash from investing | −22,803 | −22,376 |
| Cash from financing | −23,740 | −17,663 |
| Capital expenditure | 16,080 | 13,545 |
Source: Company's results filing (XBRL).
How has Bharti Airtel done over the last 8 quarters?
Revenue rose in each of the last eight quarters on a year-on-year basis, reaching ₹33,372 crore in Q2 FY27 from ₹30,092 crore in Q2 FY26. Over the same year-on-year comparison, profit rose for two consecutive quarters. In the quarterly series, revenue was lowest at ₹28,434 crore in Q3 FY25 and highest at ₹33,372 crore in Q2 FY27.
Profit reached its lowest point at ₹1,344 crore in Q4 FY26 and recovered to ₹7,933 crore in Q2 FY27. EBITDA margin rose to 59.2% in Q2 FY27 from 57.7% in Q4 FY26, with the current quarter marking the highest margin in the series.
Quick answers
What was Bharti Airtel's revenue in Q2 FY27?
Revenue from operations was ₹33,372 crore, up 10.9% from ₹30,092 crore in Q2 FY26 (standalone).
Did Bharti Airtel make a profit in Q2 FY27?
Yes. Net profit was ₹7,933 crore, against a net profit of ₹4,545 crore in Q2 FY26.
What was Bharti Airtel's EPS in Q2 FY27?
Basic earnings per share were ₹12.71, against ₹7.84 in Q2 FY26.
When did Bharti Airtel announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Outcome for Financial Results For The Second Quarter And Six Months Ended September 30, 2026 (BSE, 5 November 2026) · PDF
- Quarterly Report W.R.T. Financial Results For The Second Quarter And Six Months Ended September 30, 2026 (BSE, 5 November 2026) · PDF
- Financial Results For The Second Quarter And Six Months Ended September 30, 2026 (BSE, 5 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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