Bharti Airtel Q2 Revenue Grows 16% to Rs 521,454 Million, ARPU at Rs 256
Filing Summary
Bharti Airtel Ltd. reported consolidated total revenues of Rs 521,454 million for the quarter ended September 30, 2025, a 16% year-over-year increase. Net income before exceptional items grew 69% YoY to Rs 67,916 million. The company’s total customer base reached 623.6 million. India operations recorded revenues of Rs 386,901 million, with mobile services Average Revenue Per User (ARPU) at Rs 256. Africa revenues grew 24% YoY in constant currency to $1,505 million. The company also announced a partnership with Perplexity to provide subscriptions to its customers.
Bharti Airtel Ltd. announced its financial results for the second quarter and six months ended September 30, 2025. For the quarter, the company reported consolidated total revenues of Rs 521,454 million, a 16% increase compared to the corresponding quarter of the previous year. Consolidated EBITDA was Rs 299,190 million, representing a 17% year-over-year increase. The consolidated net income after exceptional items for the quarter was Rs 67,916 million, compared to Rs 37,060 million in the same period last year.
The consolidated EBITDA margin for the quarter was 57.4%. Consolidated EBIT stood at Rs 166,691 million, a 23% year-over-year increase. Capital expenditure (Capex) for the quarter was Rs 113,623 million. The company’s Operating Free Cash Flow (EBITDA – Capex) was Rs 185,567 million. As of September 30, 2025, consolidated Net Debt was Rs 1,947,131 million. Net Debt excluding lease obligations stood at Rs 1,266,513 million, a 12% reduction from the prior year period.
The India and South Asia segment recorded total revenues of Rs 386,901 million for the quarter, an 11% year-over-year increase. The segment’s EBITDA was Rs 232,039 million, with an EBITDA margin of 60.0%. Within this segment, Mobile Services India had a customer base of 364.2 million. The Average Revenue Per User (ARPU) for Mobile Services India was Rs 256, and data usage per customer was 28.3 GB per month. The Homes Services business customer base grew by 39.5% year-over-year to 11.9 million. The Digital TV Services customer base was 15.4 million with an ARPU of Rs 163.
The Africa segment reported total revenues of $1,505 million in constant currency, a 24% year-over-year increase. The segment’s EBITDA in constant currency was $735 million, a 31% increase, resulting in an EBITDA margin of 48.8%. The total customer base in Africa grew by 11.0% to 173.8 million. The Airtel Money business reported 49.8 million active customers, a 20.0% year-over-year increase. The total transaction value on the Airtel Money platform grew by 35.9% to $45 billion for the quarter.
The Airtel Business segment reported quarterly revenues of Rs 52,760 million and an EBITDA of Rs 21,943 million. The EBITDA margin for this segment was 41.6%. The Passive Infrastructure Services segment recorded revenues of Rs 81,883 million for the quarter. Its EBITDA was Rs 46,952 million, with an EBITDA margin of 57.3%. The total number of network towers in India stood at 342,339 as of September 30, 2025.
During the period, the company announced a partnership with Perplexity to offer subscriptions to its customers. Its digital arm, Xtelify, launched a sovereign cloud platform. In Africa, the company announced a strategic infrastructure sharing agreement with Vodacom Group in Tanzania and the Democratic Republic of Congo. The company also continued its share buyback program, returning $34.7 million to shareholders during the second tranche as of September 30, 2025.
Bharti Airtel Limited is a global communications solutions provider with operations in 17 countries across Asia and Africa. The company’s offerings include high-speed mobile broadband, fixed-line services, digital television, and integrated solutions for enterprise customers. It also provides mobile money and digital payment services through its Airtel Payments Bank and Airtel Money platforms.
