Bharti Airtel Q1 Revenue Rises 28.5% YoY to ₹49,463 Cr

Bharti Airtel Limited has announced its audited consolidated results for the quarter ended June 30, 2025. 

Highlights for the quarter ended June 30, 2025 

Consolidated  

• Overall customer base stands at 605 million across 15 countries 

• Total revenues at Rs 49,463 crore, up 28.5% YoY 

• EBITDA at Rs 28,167 crore, up 41.2% YoY; EBITDA margin at 56.9%

• EBITDAaL at Rs. 24,994 crore, up 48.7%YoY; EBITDAaL margin at 50.5% 

• EBIT at Rs 15,621 crore, up 67.0% YoY; EBIT margin at 31.6% 

• Net Income (before exceptional items) at Rs 5,948 crore 

• Capex for the quarter at Rs 8,307 crore 

India  

• India revenue at Rs 37,585 crore, up 29.0% YoY 

• EBITDA at Rs 22,352 crore, up by 43.4%YoY. EBITDA margin at 59.5% 

• EBITDAaL at Rs. 20,539 crore, up 53.2% YoY; EBITDAaL margin at 54.6% 

• EBIT at Rs 11,815 crore, up 80.1% YoY; EBIT margin at 31.4% 

• Customer base stands at 436 million 

• Capex for the quarter at Rs 7,273 crore 

Africa 

• Revenue (in constant currency) up 24.9% YoY 

• EBITDA margin (in constant currency) at 48.1%, up 292 bps YoY. EBIT margin at 31.4%, up 244 bps YoY. • Customer base stands at 169 million 

• Capex for the quarter at Rs 1,034 crore 

Q1’26 Performance: 

Consolidated revenues for Q1’26 at Rs 49,463 crore, grew 28.5% YoY & 3.3% QoQ, driven by strong momentum in both India and  Africa. Consolidated EBITDA for Q1’26 at Rs 28,167 crore with EBITDA margin of 56.9%.  

India revenues for Q1’26 at Rs 37,585 crore, increased by 29.0%YoY & 2.3% QoQ. Mobile revenues grew 21.6% YoY on the back  of improved realizations and customer additions. We continue to deliver industry leading ARPU growth. ARPU for the quarter stood  at Rs 250 as compared to Rs 211 in Q1’25. 

We have further fortified our leadership in the postpaid segment, maintaining momentum with net additions of 0.7 million customers  in Q1 26, binging our total customer base to 26.6 million.  

Our share in the smartphone data customers also experienced sustained growth, with an increase of 21.3 million users, reflecting an 8.2% YoY rise. 

During the quarter, we expanded our nationwide network by installing ~1.8K additional towers and ~7.5K mobile broadband stations  to enhance customer experience. Demonstrating our commitment to delivering superior network quality, we have invested in the  addition of ~15.4K towers and deployed 43.7K kms of fiber, on YoY basis. 

The Homes business demonstrated robust momentum, achieving 25.7% YoY revenue growth driven by record high customer  additions. During the quarter, accelerated expansion of our Fixed Wireless Access (FWA) network resulting in total Wifi net addition  of 939 K customers, bringing the total customer base to 11.0 million. Additionally, we expanded our home-pass network significantly,  adding ~1.6 million fibre home passes in the quarter. 

Bharti Airtel launched new entertainment packs for its prepaid customers, offering access to over 25 leading OTT platforms – including  Netflix, Zee5, Sony Liv and many more. This allows customers to enjoy diverse content from multiple platforms through a single  subscription, enhancing convenience, flexibility and value for users. 

Airtel Business revenue declined by 7.7% YoY, impacted by stated objective of focusing on quality revenues and discontinue low  margin business. Underlying growth remains steady driven by both core connectivity and new age digital services. 

Airtel Business launched “Business Name Display” (BND) – an industry first solution that allows enterprises to display their brand  name on recipients’ mobile screens, enhancing customer trust and creating a safer, smarter and more transparent communication  experience for both businesses and customers. 

Digital TV posts revenue of Rs 763 crore with customer base of 15.7 million. Additionally, IPTV services, which were rolled out last  quarter, continue to gain traction with encouraging customer response as we added 0.65 million customers. 

Consolidated EBITDA witnessed an increase of 41.2% YoY to Rs 28,167 crore in Q1’26. Consolidated EBITDA margin is 56.9% with  India EBITDA margin at 59.5% in Q1’26. 

Consolidated EBIT increased by 67.0% YoY to Rs 15,621 crore. Consolidated Net Income before exceptional items for the quarter  stands at Rs 5,948 crore.

Consolidated Net Debt to EBITDA ratio (annualized) stood at 1.70 times as compared to 1.86 times as on March 31, 2025. Consolidated Net Debt (excluding lease obligations) to EBITDAaL ratio stood at 1.26 times. 

In a statement, Gopal Vittal, Vice- Chairman and MD, said: 

We delivered another quarter of consistent growth, with consolidated revenues at 49,463 crores growing 3.3% on a sequential basis.  Our India revenue, including Passive Infrastructure Services, increased by 2.3% sequentially. Africa reported solid performance with  6.7% growth in constant currency.  

India Mobile business recorded a sequential growth of 2.9%, driven by continued focus on portfolio premiumization and an additional  day in the quarter. We added ~4 million smartphone data customers and maintained an industry-leading Average Revenue Per User  (ARPU) of Rs. 250 for Q1FY26. 

Our Homes business reported solid performance with a life time high quarterly net additions of 939K, resulting in a sequential revenue  growth of 7.6%. Our IPTV expansion is ramping up well with strong acceptance from customers as it delivers superior experience  and convenience. Airtel Business revenue decline is reflecting full impact of portfolio restructuring undertaken last year. The  underlying growth trajectory remains steady at a sequential growth of 2.0 % with continued improvement in funnel and orderbook. 

Our digital network across India and Africa now serves over 600 million customers. This is a testament to our passion for connecting  customers through sustained investments and superior customer experience. Our balance sheet continues to demonstrate strength,  supported by solid cash flow generation and disciplined capital allocation.