Bharti Airtel532454Quarterly results
Board approves audited Q2 and six-month results; consolidated revenue from operations Rs. 608,775 million
Board approved audited consolidated and standalone results for Q2 and six months ended September 30, 2026, after Audit Committee review; meeting ran IST 1330 to 1610 Hrs.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 608,775 | 521,454 | +16.7% | 585,391 | +4% |
| Total income | 617,544 | 528,731 | +16.8% | 594,457 | +3.9% |
| Profit before tax | 154,280 | 123,223 | +25.2% | 137,728 | +12% |
| Profit after tax | 107,104 | 86,508 | +23.8% | 100,116 | +7% |
| Total comprehensive income | 111,414 | 106,643 | +4.5% | 101,623 | +9.6% |
| Basic EPS | 14.25 | 11.72 | +21.6% | 13.38 | +6.5% |
- PAT growth YoY / QoQ
- Year ago 86,508 (+23.8%); Prev qtr 100,116 (+7%)
- Period
- Quarter ended September 30, 2026 Audited
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional charge of ₹1,802 million recognised for expenses on listing of Airtel Mobile Commerce NV on the London Stock Exchange on October 9, 2026; related tax benefit ₹70 million, NCI share ₹458 million.
- Nxtra Data Limited invested ₹28,258 million towards land parcel for data centre expansion by taking controlling interests in Rochak Systems and Rovision Tech Hub.
- Airtel Africa plc bought back a further $66 million of shares (total $109 million of up to $110 million programme), raising Group's effective shareholding from 79.11% to 79.44%.
What the Board approved
Bharti Airtel's Board met on November 5, 2026, from IST 1330 Hrs. to IST 1610 Hrs., and approved the audited consolidated and audited standalone financial results for the second quarter (Q2) and six months ended September 30, 2026. The Audit Committee reviewed the results at its meeting the same day and recommended them to the Board. The results are prepared as per Ind AS.
Consolidated performance (₹ in Millions)
- Revenue from operations: 608,775 in Q2, against 521,454 in the quarter ended September 30, 2025.
- Total income: 617,544, against 528,731.
- Profit before exceptional items and tax: 156,082, against 123,223.
- Exceptional items (net): 1,802 in the quarter, against nil a year earlier.
- Profit before tax: 154,280, against 123,123.
- Tax expense: 47,176, against 36,715.
- Profit for the period / year: 107,104, against 86,508.
- Basic earnings per share: 14.25, against 11.72.
For the six months ended September 30, 2026: Revenue from operations 1,194,166 (against 1,016,080), Profit for the period / year 207,220 (against 160,726) and basic earnings per share 27.62 (against 21.98).
Standalone performance (₹ in Millions)
- Revenue from operations: 333,717 for Q2, against 300,923.
- Total income: 364,447, against 311,714.
- Profit before tax: 98,374, against 60,776.
- Profit for the period / year: 79,330, against 45,448.
- Basic earnings per share: 12.71, against 7.84.
Segment view (consolidated, Q2)
- Mobile Services India: revenue 309,431, segment results 106,756.
- Mobile Services Africa: revenue 188,165, segment results 64,926.
- Airtel Business: revenue 58,779, segment results 18,412.
- Homes Services: revenue 23,360, segment results 1,570.
Balance sheet and cash flow (consolidated)
- Total assets 5,683,596 as of September 30, 2026, against 5,521,516 as of March 31, 2026.
- Net cash generated from operating activities 674,554 for the six months, against 608,912.
- Purchase of property, plant and equipment and capital work-in-progress 281,744, against 223,325.
- Cash and cash equivalents at the end of the period 191,519 on the cash flow basis, against 135,903.
Other decisions and notes
- Nxtra Data Limited, a subsidiary, invested ₹ 28,258 million towards a land parcel for data centre expansion by taking controlling interests in Rochak Systems Private Limited and Rovision Tech Hub Private Limited.
- Airtel Africa plc bought back $ 66 million of shares during the quarter under its programme of up to $ 110 million announced on May 22, 2026, taking the total to $ 109 million; the Group's effective shareholding rose from 79.11% to 79.44%.
- Airtel Mobile Commerce NV, a subsidiary with operations in Africa, was listed on the London Stock Exchange on October 9, 2026. An exceptional charge of ₹1,802 million was recognised for expenses connected with the listing, with a related tax benefit of ₹270 million; the net charge attributable to non-controlling interests was ₹458 million.
Points to keep in mind
- The 1,802 exceptional items (net) shown in the quarter's consolidated results corresponds to the listing-related charge described in the notes; the six-month exceptional items (net) figure is 5,336.
- The update states that earnings per share are not annualised for the periods.
- All amounts in the results are rounded off to the nearest million, except per share data.
608,775 (₹ in Millions)Consolidated revenue from operations
Profit before tax, latest quarter154,280 (₹ in Millions)
Profit before tax, quarter137,728 (₹ in Millions)
Profit before tax, year-ago quarter123,223 (₹ in Millions)
Consolidated profit for the period / year107,104 (₹ in Millions)
Profit after tax, year-ago quarter86,508 (₹ in Millions)
79.44%Group effective shareholding in Airtel Africa buyback
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More numbers
- Consolidated revenue from operations, Q2608,775 (₹ in Millions)
- Consolidated profit for the period / year, Q2107,104 (₹ in Millions)
- Consolidated revenue from operations, six months1,194,166 (₹ in Millions)
- Consolidated profit for the period / year, six months207,220 (₹ in Millions)
- Standalone profit for the period / year, Q279,330 (₹ in Millions)
- Nxtra investment in land parcel for data centre expansion₹ 28,258 million
- Exceptional charge on Airtel Mobile Commerce NV listing₹1,802 million
- Group effective shareholding in Airtel Africa after buyback79.44%
- Total income, latest quarter617,544 (₹ in Millions)
- Total income, year-ago quarter528,731 (₹ in Millions)
- Total income, previous quarter594,457 (₹ in Millions)
- Total comprehensive income, latest quarter111,414 (₹ in Millions)
- Total comprehensive income, year-ago quarter106,643 (₹ in Millions)
- Total comprehensive income, previous quarter101,623 (₹ in Millions)
- Profit after tax, latest quarter107,104 (₹ in Millions)
- Profit after tax, year-ago quarter86,508 (₹ in Millions)
- Profit after tax, previous quarter100,116 (₹ in Millions)
- Revenue from operations, latest quarter608,775 (₹ in Millions)
- Revenue from operations, year-ago quarter521,454 (₹ in Millions)
- Revenue from operations, previous quarter585,391 (₹ in Millions)
- Profit before tax, latest quarter154,280 (₹ in Millions)
- Profit before tax, year-ago quarter123,223 (₹ in Millions)
- Profit before tax, previous quarter137,728 (₹ in Millions)
Source: BSE · 5 Nov 2026
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