• Event Type: Q1 ended June 30, 2026 Earnings Webinar for Bharti Airtel Limited and Bharti Hexacom Limited, including post-results investor interaction and Q&A session.
  • Event Date/Time: August 05, 2026 at 12:00 Hrs (IST).
  • Purpose: Discussion of audited financial results for the first quarter (Q1) ended June 30, 2026, and strategic business updates.
  • Management Participants:
  • Mr. Gopal Vittal, Executive Vice Chairman, Bharti Airtel Limited
  • Mr. Shashwat Sharma, Managing Director and Chief Executive Officer (Airtel India), Bharti Airtel Limited
  • Mr. Soumen Ray, Group Chief Financial Officer, Bharti Airtel Limited and Director, Bharti Hexacom Limited
  • Mr. Akhil Garg, Chief Financial Officer (Airtel India), Bharti Airtel Limited
  • Mr. Naval Seth, Executive Vice President - Group Investor Relations, Bharti Airtel Limited
  • Mr. Karthikeyan Velu, Group Financial Controller, Bharti Airtel Limited and Chief Financial Officer, Bharti Hexacom Limited
  • Vaidehi Sharma, Moderator
  • Financial Period Discussed: Q1 FY2027 (ended June 30, 2026).
  • Forward-Looking Statements: Management commentary included forward-looking statements regarding growth opportunities in Africa, data centers, Airtel Cloud, Airtel Money listing, and overall business strategy. These must be viewed in conjunction with the risks faced by the company.
  • Availability of Transcript: The transcript is uploaded on the Company's website (https://www.bhartihexacom.in/results-quarterly-results.html) and was filed with the exchanges pursuant to Regulation 30 of SEBI LODR Regulations, 2015.
  • Compliance Language: The moderator reminded participants that the overview and discussions might include forward-looking statements that must be viewed in conjunction with the risks faced. No specific statement about unpublished price sensitive information (UPSI) was made.

Key Financial Highlights from Transcript

Bharti Airtel Consolidated Performance:

  • Revenue: Rs. 58,500 Crores (5.7% sequential growth)
  • EBITDAaL: Rs. 29,800 Crores (4.2% growth)
  • EBITDAaL Margin: 51%
  • Operating Free Cash Flow (EBITDAaL minus capex): Over Rs. 16,450 Crores
  • Capex: Rs. 13,390 Crores
  • Net debt to EBITDAaL: 0.7% (consolidated), below 1% for India without passive infra

Africa Business:

  • Constant currency revenue growth: 5.7%
  • Annualized EBITDA: Over Rs. 35,000 Crores
  • Airtel Money Q1 revenue: Over $400 million (26% YoY growth in constant currency)
  • Airtel Money preparing for London listing in second half of 2026

India Mobile Business (Airtel):

  • Revenue earning customer additions: 3.3 million
  • Smartphone data customer additions: 5 million
  • Postpaid customer additions: 1 million (highest ever in a quarter)
  • Postpaid penetration: 8% of total customer base
  • ARPU: Rs. 264 (benefited from one extra day in quarter)

India Homes Business:

  • Net additions: 473,000 (moderation over previous quarters)

Airtel Business (B2B):

  • Revenue: Rs. 5,670 Crores (3.2% sequential growth, ~12% YoY)

Digital Businesses:

  • Revenue growth: Nearly 6% sequentially

Airtel Payments Bank:

  • Monthly transacting user base: ~120 million
  • Annualized revenue run rate: Over Rs. 3,400 Crores
  • Deposits: Under Rs. 4,400 Crores (17% YoY growth)

Airtel Finance:

  • Total loan disbursements: Over Rs. 750 Crores per month

Bharti Hexacom Specific Performance:

  • Revenue: Rs. 2,510 Crores (4% sequential growth)
  • EBITDAaL: Rs. 1,210 Crores
  • EBITDAaL Margin: 48.2%
  • Mobile customer base: 29 million
  • Net customer additions: 210,000
  • Smartphone customer additions: 344,000
  • ARPU: Rs. 259
  • Homes, office and other businesses net adds: 75,000
  • Revenue growth in homes/office: 8% sequentially
  • Operating free cash flow: Rs. 830 Crores
  • Net debt excluding leases: Rs. 960 Crores
  • Net debt excluding leases to EBITDAaL: 0.2

Strategic Updates Mentioned

1. Africa Expansion: Completed EPS accretive share swap transaction increasing Airtel stake in Africa business to over 79%. Introducing Indus into African markets for tower operations.

2. New Growth Bets:

  • Financial Services: Lending services live; using existing digital platforms for NBFC
  • Data Centers: Targeting 1 GW capacity; acquiring land in key locations
  • Airtel Cloud: 33 customers total; added 11 new customers in quarter

3. Technology Initiatives:

  • Fast Lane technology (network slicing on 5G) for postpaid differentiation
  • AI implementation across customer engagement, network operations, and field engineering
  • War on Waste program: Optimized over Rs. 11,000 Crores from network opex over 5 years

4. Market Opportunities:

  • Africa represents significant growth potential with tele-density at 45%, smartphone penetration at 52%
  • Home broadband penetration in Africa only 2% with 30 million addressable households
  • Enterprise and data center opportunities largely untapped in Africa

Additional Notes Section

  • The document includes the complete transcript of the earnings call held on August 05, 2026.
  • No financial data was disclosed in the announcement itself beyond what was discussed in the earnings call transcript.
  • The transcript contains detailed management commentary, analyst Q&A, and forward-looking statements.
  • The event was moderated by Vaidehi Sharma, with participation from the senior leadership teams of both Bharti Airtel and Bharti Hexacom.