Bharti Airtel announces consolidated results for the quarter ended December 31, 2025
Gurugram, India – Feb 5: Bharti Airtel Limited (“Bharti Airtel” or “the Company”) today announced its audited consolidated results for the quarter ended December 31, 2025 (Q3 FY26), reporting robust growth across India and Africa.
Q3 FY26 Consolidated Performance:
- Revenue: Up 19.6% YoY and 3.5% QoQ
- EBITDA: Up 25.2% YoY; EBITDA margin: 57.7%
- EBITDAaL: Up 29% YoY; EBITDAaL margin: 51.3%
- EBIT: Up 34.5% YoY; EBIT margin: 32.7%
- Net Income (before exceptional items): Strong growth
- Capex for the quarter: Significant investment in network and digital infrastructure
- Consolidated Net Debt (excluding lease obligations) to EBITDAaL ratio (annualized): 1.02x
India Business Highlights:
- Revenue growth: Up 13.2% YoY and 1.4% QoQ
- EBITDA margin: 60.4%; EBITDAaL margin: 55.4%; EBIT margin: 32.1%
- Customer base: ~466 million
- Mobile ARPU: Strong improvement YoY
- Mobile postpaid net additions: 0.62 million; smartphone data customers: +20.8 million YoY
- Homes segment: Record net additions 1.16 million; total customer base 13.1 million
- Digital TV: Growing customer base of 15.4 million
Africa Business Highlights:
- Customer base: ~179 million
- Revenue growth (constant currency): +24.7% YoY
- EBITDA margin (constant currency): 49.3% (+234 bps YoY); EBIT margin: 33.1% (+367 bps YoY)
- Capex: Continued investment in network expansion
Operational and Strategic Updates:
- Network expansion: 1,147 towers and 16,338 mobile broadband base stations deployed; ~5,457 towers and 30,000 km of fiber added over last nine months
- Strategic Partnerships:
- Partnered with Google to set up India’s first AI hub in Visakhapatnam
- Partnered with IBM to enhance Airtel Cloud capabilities for AI workloads in regulated industries
- Airtel Business: Secured a multi-year cybersecurity contract with Indian Railway Security Operations Centre (IRSOC)
- Digital TV: Launched exclusive Airtel Cartoon Network Classics service in collaboration with Warner Bros
Leadership Comments:
Gopal Vittal, Executive Vice Chairman, said:
“Q3 FY26 marked another strong quarter, with sequential revenue growth underpinned by a diversified and resilient portfolio. India delivered steady growth, while Africa showed exceptional performance. Our Homes business achieved record quarterly net additions, and mobile ARPU continues to lead the industry. With our strong balance sheet and sustained cash generation, Bharti Airtel is well-positioned to invest in new growth opportunities, including AI, cloud, and digital services, to further strengthen India’s digital backbone.”