Bharti Airtel Limited announced its audited consolidated results for the quarter ended December 31, 2025.
Q3’26 Performance:
Consolidated revenues for Q3’26 came in at Rs 53,982 crore, recording growth of 19.6% YoY and 3.5% QoQ, led by strong performance in both India and Africa.
Consolidated EBITDA at Rs 31,144 crore with EBITDA margin of 57.7%.
India Q3’26 revenues were Rs 39,226 crore, up 13.2% YoY and 1.4% QoQ.
India Mobile revenue recorded a YoY increase of 9.1%, led by improved realizations and growing customer base.
The company maintained robust ARPU growth, reporting an Average Revenue Per User of Rs 259 for the quarter, as compared to Rs 245 in Q3’25.
We continue to fortify our leadership in postpaid segment with net additions of 0.62 Mn customers to reach total customer base of 28.1 Mn. Smartphone data customers saw an increase of 20.8 Mn over last one year, 7.7% increase YoY.
In the current quarter, 1,147 towers and 16,338 mobile broadband base stations were deployed.
Over the last nine months we added 5,457 towers and deployed ~30 K kilometres of fiber to strengthen our digital infrastructure.
Homes segment delivered a solid revenue growth of 32.6% YoY, supported by sustained improvement in customer acquisitions. During the quarter, we added 1.2 Mn customers, to reach a total customer base of 13.1 million.
Airtel Business revenue increased 1.5% sequentially.
During the quarter, Bharti Airtel entered into a strategic partnership with Google to set up India’s first Artificial Intelligence (AI) hub in Visakhapatnam, Andhra Pradesh. This landmark initiative will accelerate the adoption of AI across India, strengthen the country’s digital backbone and bring Google’s full AI-stack and consumer services closer to Indian businesses.
Airtel Business secured a multi-year contract from Indian Railway Security Operations Centre (IRSOC) to deliver comprehensive, industry-leading security services to safeguard the digital backbone of India’s railway network.
Airtel will design, build, implement and operate a greenfield, multi-layered, cybersecurity 24x7x365 protection ecosystem that will serve as a resilient defense barrier to safeguard the Indian Railways’ IT backbone, while ensuring uninterrupted, secure and seamless digital operation. Over 1 billion Indians will benefit from this enhanced data security for seamless ticket booking, payments, train tracking and much more.
Bharti Airtel also entered into a strategic partnership with IBM to augment its recently launched Airtel Cloud. The partnership is expected to bring together the telco-grade reliability, high security, and data residency of Airtel Cloud with IBM’s leadership in cloud solutions, and advanced infrastructure and software technologies designed for AI inferencing.
Together, Airtel and IBM will aim to enable enterprises in regulated industries to scale AI workloads more efficiently, delivering interoperability across infrastructure including on-premise, in the cloud, across multiple clouds and at the edge.
Digital TV achieved revenues of Rs 755 crore. Total customer base stands at 15.4 million. Our IPTV service is experiencing fast paced adoption led by our differentiated offering and convergence agenda.
During the quarter, Airtel expanded its Entertainment Offerings with Exclusive Launch of Airtel Cartoon Network Classics, an exclusive value-added service available on Airtel Digital TV in collaboration with Warner Bros.This collaboration adds to Airtel's increasing array of value-added entertainment services, underscoring its commitment to providing high-quality, distinctive, and family-friendly content.
Consolidated EBITDA increased by 25.2% YoY to reach Rs 31,144 crore in Q3’26. The consolidated EBITDA margin stood at 57.7%, while India EBITDA margin reached 60.4% in Q3’26.
Consolidated EBIT grew by 34.5% YoY to Rs 17,654 crore. Consolidated Net Income (before exceptional items) for the quarter stood at Rs 6,920 crore.
Consolidated Net Debt to EBITDA ratio (annualized) stands at 1.47 times as compared to 1.98 times as on December 31, 2024. Consolidated Net Debt (excluding lease obligations) to EBITDAaL ratio (annualized) stands at 1.02 times.
In a statement, Gopal Vittal, Executive Vice Chairman, said:
Q3’26 marked another strong quarter, with consolidated revenue of Rs 53,982 crore, a growth of 3.5% sequentially, underpinning our strategy of a diversified and resilient portfolio. India revenue including passive infrastructure services increased by 1.4% sequentially.
Africa delivered yet another quarter of exceptional performance with constant currency revenue growth of 5.8%.One of the reasons for our stepped up performance in Africa is the deployment of our home grown digital stack that has sharpened our go to market excellence, the secret sauce of Airtel.
India mobile recorded sequential growth of 1.9%, driven by our focus on winning with quality customers and a consistently improving portfolio mix. We added 4.4 million customers with an industry-leading ARPU of Rs 259.
The Homes business maintained strong growth momentum, crossing a quarterly revenue run-rate of Rs 2,000 crore. We added 1.2 million customers, our highest ever quarterly additions.
Our IPTV offering continues to see acceleration in net additions, strengthening our convergence strategy. Airtel Business recorded a revenue growth of 1.5% sequentially. Our digital services portfolio is seeing solid growth momentum supported by Airtel Cloud, Cybersecurity, Financial services, and IoT.
Our balance sheet strength, reinforced by strong cash generation and sustained deleveraging, positions us well to invest in new growth opportunities.
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