Key Quantitative Figures

Consolidated Performance (Q1 FY27 vs Q1 FY26):

  • Total revenues: ₹585,391 Mn vs ₹494,626 Mn (18.4% increase)
  • EBITDA: ₹335,986 Mn vs ₹281,668 Mn (19.3% increase)
  • EBITDA margin: 57.4% vs 56.9% (0.5 pp improvement)
  • EBIT: ₹192,816 Mn vs ₹156,209 Mn (23.4% increase)
  • Profit before tax: ₹141,262 Mn vs ₹105,044 Mn (34.5% increase)
  • Net income (before exceptional items): ₹80,572 Mn vs ₹59,479 Mn (35.4% increase)
  • Net income (after exceptional items): ₹81,674 Mn vs ₹59,479 Mn (37.3% increase)
  • Capex: ₹133,860 Mn vs ₹83,070 Mn (61.2% increase)
  • Net debt excluding lease obligations: ₹818,521 Mn vs ₹1,254,893 Mn (34.8% decrease)

India Operations (Q1 FY27 vs Q1 FY26):

  • Total revenues: ₹412,140 Mn vs ₹375,846 Mn (9.7% increase)
  • EBITDA: ₹247,810 Mn vs ₹223,515 Mn (10.9% increase)
  • EBITDA margin: 60.1% vs 59.5% (0.6 pp improvement)
  • Customer base: 491.9 Mn vs 436.1 Mn (12.8% increase)
  • Mobile ARPU: ₹264 vs ₹250 (5.6% increase)

Africa Operations (Q1 FY27 vs Q1 FY26 in constant currency):

  • Total revenues: $1,836 Mn vs $1,516 Mn (21.1% increase)
  • EBITDA: $921 Mn vs $740 Mn (24.5% increase)
  • EBITDA margin: 50.1% vs 48.8% (1.3 pp improvement)
  • Customer base: 189.0 Mn vs 169.4 Mn (11.6% increase)

Dates of Action

  • Quarter ended: June 30, 2026
  • Exchange rates used for conversion:
  • Average rate for Q1 FY27: ₹94.80/US$
  • Closing rate as of June 30, 2026: ₹94.35/US$

Parties Involved

  • Regulatory bodies: SEBI, National Stock Exchange of India Limited, BSE Limited, RBI, DoT (Department of Telecommunications)
  • Subsidiaries: Indus Towers Limited, Airtel Africa plc, Airtel Payments Bank Limited, and numerous other subsidiaries listed in the document
  • Associates: Robi Axiata Limited (28.18% stake), Dialog Axiata Plc (10.355% stake)
  • Strategic partners: SingTel, Ericsson, Nokia Siemens Networks, Huawei, Cisco, IBM, etc.

Financial and Operational Impact

Capital Structure Impact:

  • Net debt to EBITDA (annualized) ratio improved to 1.17 times from 1.70 times YoY
  • Net debt excluding lease obligations to EBITDAaL (annualized) improved to 0.69 times from 1.26 times YoY
  • Shareholder's equity increased to ₹1,618,151 Mn from ₹1,197,236 Mn YoY

Operational Highlights:

  • Global customer base reached 680.9 million, up 12.5% YoY
  • Mobile data traffic grew 37.4% YoY to 32,237 PBs
  • India mobile data usage per customer increased to 34.4 GB/month from 26.9 GB/month YoY
  • Africa data customers reached 87.3 million, representing 46.2% of total customer base
  • Airtel Money active customers in Africa grew 23.3% YoY to 56.5 million

Exceptional Items

  • Exceptional charge of ₹3,534 Mn for provision for in-principle settlement of commercial dispute in subsidiary
  • Exceptional tax benefit of ₹3,898 Mn from favorable order regarding business losses from earlier year
  • Net exceptional items impact: ₹(1,102) Mn

Forward-looking Statements

Document contains safe harbor statement regarding forward-looking statements based on current beliefs, expectations, and intentions. Company cautions that actual results may differ materially from forward-looking statements.