Bharti Airtel shares jumped up to 2.7 percent in early trade on Tuesday after the telecom giant posted strong July–September quarter results, prompting upbeat views from brokerages. The stock touched Rs 2,129 on the NSE, up from Rs 2,074 in the previous session, and has gained over 33 percent in the past year, outperforming the Nifty 50’s 7.5 percent rise.
For Q2 FY26, Airtel’s consolidated net profit surged 73.6 percent year-on-year to Rs 6,792 crore, while revenue climbed 25.7 percent to Rs 52,145 crore. EBITDA rose 35.9 percent to Rs 29,919 crore, with margins improving to 57.4 percent. In India, revenue grew 22.6 percent to Rs 38,690 crore, and the EBITDA margin stood at 60 percent. Average revenue per user increased to Rs 256 from Rs 233, supported by premium subscriber additions. The company added 5.1 million smartphone users and 951,000 broadband customers.
Airtel’s Africa business also performed well, with revenue up 24.2 percent (in constant currency) and an EBITDA margin of 48.8 percent. Capex stood at Rs 11,362 crore, while the net-debt-to-EBITDAaL ratio remained healthy at 1.19x.
