Q3 2026 Bharti Airtel Ltd And Bharti Hexacom Ltd Joint Earnings Call Transcript
Key Points
- Bharti Airtel Ltd (BOM:532454) reported strong consolidated revenue growth of 3.5% sequentially, with Africa showing a solid performance with a 5.8% growth in constant currency.
- The company achieved a consolidated EBITDA of over 27,700 crores, marking a 4.2% growth, with an EBITDA margin improvement of 30 basis points to 51.3%.
- Bharti Airtel Ltd (BOM:532454) continues to focus on operational excellence through portfolio premiumization, disciplined execution, and cost control initiatives.
- The digital portfolio of Bharti Airtel Ltd (BOM:532454) is on a strong growth path, with significant investments in cloud, cybersecurity, financial services, IoT, and CPASS.
- The company is making strategic investments in data centers, aiming to reach 1 gigawatt capacity in the next 3 to 4 years, which is expected to significantly enhance its market share.
- Revenue growth in the wireless business has fallen below 10% for the first time in several years, raising concerns about the sustainability of growth without tariff adjustments.
- The company faces challenges in maintaining growth momentum in the absence of tariff repairs, with a need to explore creative avenues for revenue generation.
- Bharti Airtel Ltd (BOM:532454) is experiencing slower net additions in the 4G/5G customer base compared to previous years, attributed to market saturation and tariff increases.
- The DTH industry continues to face macroeconomic headwinds, impacting the growth potential of Bharti Airtel Ltd (BOM:532454)'s digital TV segment.
- The company is awaiting a response from the Department of Telecommunications regarding parity in the treatment of AGR dues, which could impact its financial obligations.
Post the management opening remarks, we will open up for an interactive Q&A session.
Interested participants may click on raise hand option on your Zoom application to join the Q&A queue. The participants may click this option during the management opening remarks itself to ensure that they find a place in the queue.
Upon announcement of name, participants to kindly click on unmute myself in the pop-up screen and start asking the question post introduction.
With this, I would now like to hand over to Mr. Salmond Ray for his opening remarks.
Thank you, Vehi.
Good afternoon and a very warm welcome to all of you. I have with me Gopal, Shashwat, Akhil, and Nave.
I'll provide an update on our consolidated financials for the 3rd quarter, post which I'll hand over to Shashwat to share highlights of our India business, including strategic strategies.
We delivered another quarter of strong performance across India and Africa.
Consolidated
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