Q1 2026 Bharti Airtel Ltd Earnings Call Transcript
Key Points
- Bharti Airtel Ltd (BOM:532454) reported consistent financial performance with consolidated revenue of INR49,463 crores and an EBITDAaL margin of 51.4%, improving by 65 basis points sequentially.
- The company is making significant progress in its ESG commitments, with 64% of its sites now green and nearly half of the electricity consumed in data centers coming from renewable sources.
- Bharti Airtel Ltd (BOM:532454) continues to deleverage its balance sheet, redeeming senior notes worth $1 billion, and achieving a net debt to EBITDAaL ratio of 1.3.
- The company is experiencing strong growth in its broadband business, with the highest ever quarterly net adds of 939,000 and significant momentum in FWA net adds.
- Bharti Airtel Ltd (BOM:532454) is expanding its digital capabilities, launching Airtel Cloud and extending its software platforms globally, which could significantly change the composition of its B2B business.
- The B2B segment experienced a decline in revenue, which impacted the overall consolidated revenue, as the company peeled off low-margin revenue in this segment.
- The Digital TV segment lost around 2 lakh customers during the quarter, with DTH net adds impacted by structural changes to eliminate subsidies on set-top boxes.
- Despite strong performance in other areas, the company faces challenges in the messaging and wholesale business, with margins under pressure due to a shift away from SMS to OTT platforms.
- The company acknowledges that the architecture of pricing in India is skewed, with low tariff dispersion, which limits the potential for ARPU growth without significant tariff repair.
- Bharti Airtel Ltd (BOM:532454) is facing competitive intensity in various segments, including connectivity, messaging, and cloud, which could impact its market share and growth prospects.
Good afternoon, ladies and gentlemen. I'm Vaidehi Sharma, the moderator for this webinar. Welcome to Bharti Airtel Limited and Bharti Hexacom Limited first quarter ended June 30, 2025 earnings webinar.
Present with us today is the senior leadership team of Bharti Airtel and Bharti Hexacom Limited. I must remind you that the overview and discussions today may include certain forward-looking statements that must be viewed in conjunction with the risks that we face. (Event Instructions)
With this, now I would like to hand over to Mr. Gopal Vittal for his opening remarks.
Thank you, Vaidehi. A very warm welcome to everyone to our earnings call for the first quarter ended FY26. With me, I also have Shashwat, Soumen, Harjeet, Naval, and Akhil.
Today's call will focus on our first-quarter performance, along with an update on some of our key strategic priorities. We're making good progress on our ESG commitments by
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