Bharti Airtel earnings calls.

Bharti Airtel delivered another strong quarter with consolidated revenue of ₹58,500 croreCurrent reported value: ₹58,500 crore. No comparable prior figure is available in the source record. (up 5.7% QoQ) and EBITDA of ₹29,800 croreCurrent reported value: ₹29,800 crore. No comparable prior figure is available in the source record. at 51Current 51 crore vs previous available quarter 52 crore.% margin. The performance was driven by sustained Africa growth (5.7% constant currency), India mobile ARPU of ₹264 supported by 1 million postpaid additions (highest ever), and accelerating B2B digital services. The company completed an equity swap raising its Africa stake to 79%, positioning the continent—now generating annualized EBITDA of over ₹35,000 crore—to contribute nearly half of consolidated growth. Key strategic initiatives include scaling data centers from 120-130 MW to 1 GW, preparing Airtel Money for London listing in H2 2026, and launching lending services via Airtel Finance with ₹750+ crore monthly disbursements. Management flagged necessary repair of India's pricing architecture (unlimited data at low tariffs caps ARPU pool) but sees sufficient medium-term ARPU headroom from upgrades, 5G adoption, and roaming. Capex of ₹13,390 croreCurrent reported value: Capex of ₹13,390 crore. No comparable prior figure is available in the source record. with operating free cash flow of ₹16,450 croreCurrent reported value: ₹16,450 crore. No comparable prior figure is available in the source record. reflects disciplined investment. Risk: Home broadband moderation (quality-focused correction) and rising memory/chip costs affecting FWA economics require monitoring.