BABharti Airtel532454Quarterly results

September-quarter report: revenue up 17%, EBITDA up 18%, net income before exceptional items up 33%

Q2 (Sep 30, 2026) report: revenue Rs 608,775 Mn, up 17% YoY; EBITDA Rs 352,395 Mn, up 18%; net income before exceptional items Rs 90,151 Mn, up 33%; net debt Rs 1,665,805 Mn.

By ScoutQuest · Thu 5 Nov 2026, 4:28 PM IST · 2 min read

Revenue

Rs 608,775 Mn, up 17% YoY

EBITDA

Rs 352,395 Mn, up 18%

Net income before exceptional items

Rs 90,151 Mn, up 33%

What this update is

• A quarterly report for the second quarter and six months ended September 30, 2026, containing consolidated financial highlights under Ind-AS, operating highlights and management commentary.
• All figures in the main consolidated tables are in Rs Mn (rupees in millions), so Rs 608,775 Mn means Rs 608,775 million.

How the quarter looked (consolidated)

• Total revenues: Rs 608,775 Mn, up 17% from the same quarter last year.
• EBITDA: Rs 352,395 Mn, up 18%.
• Net income (before exceptional items): Rs 90,151 Mn, up 33%.
• Net debt: Rs 1,665,805 Mn.

What the terms mean

• Revenue is the money earned from services such as mobile, broadband, enterprise connectivity and towers, before costs are deducted.
• EBITDA is operating profit before interest, tax, depreciation and amortisation; it is a rough gauge of how much the core business earns from operations.
• Net income (before exceptional items) is the profit attributable to shareholders, leaving out one-off items. The report shows both before and after exceptional items.
• Net debt is borrowings minus cash, i.e. what the company owes on a net basis. The report also shows a net debt measure excluding lease obligations.

Data centre land parcel

• The report states the company has invested Rs 28,258 Mn in a strategic land parcel for the data center business in India. This is a capital outlay separate from routine network spending.

How the pieces fit

• Revenue, EBITDA and net income before exceptional items all rose year on year, and net income grew faster than revenue in percentage terms.
• Net debt is shown at Rs 1,665,805 Mn, alongside a lower figure when lease obligations are excluded.
• The report sets out performance separately for India SA (which includes passive infrastructure services) and Africa, in both rupee and US dollar terms, along with key ratios such as margins, interest coverage and return on equity.
• Operating highlights cover customer base, minutes on network, network towers and employee numbers, so an investor can see whether growth came with expansion in usage and infrastructure.

Perception

• The report shows year-on-year growth in revenue, EBITDA and net income before exceptional items, together with a stated net debt level and a data centre land investment. How the market reads these figures depends on the expectations investors carry into the numbers.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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