Bharti Airtel Limited Q2 FY27 Results: Net Profit ₹10,710 cr

Bharti Airtel Limited has filed its Consolidated financial results for the quarter ended 2026-09-30 with NSE. Revenue from operations was ₹60,878 cr, while net profit stood at ₹10,710 cr. These are reported statement figures, not estimates or a board-meeting announcement.

Official Q2 FY27 scorecard

All amounts are in ₹ crore, except per-share earnings in rupees. Comparisons use verified same-basis official quarterly filings; a dash means an individual figure or percentage could not be verified. Unavailable periods are omitted, not estimated.

Year-on-year performance: what changed

• Revenue from operations: ₹60,878 cr, compared with ₹52,145 cr in the same quarter last year; increased by ₹8,732 cr (+16.7%).

• Net profit / loss: ₹10,710 cr, compared with ₹8,651 cr in the same quarter last year; increased by ₹2,060 cr (+23.8%).

• Profit before tax: ₹15,318 cr, compared with ₹12,241 cr in the same quarter last year; increased by ₹3,077 cr (+25.1%).

• Operating profit (derived EBITDA): ₹34,946 cr, compared with ₹29,561 cr in the same quarter last year; increased by ₹5,385 cr (+18.2%).

• Basic EPS: ₹14.25, compared with ₹11.66 in the same quarter last year; increased by ₹2.59 (+22.2%).

Quarter-on-quarter performance

• Revenue from operations: ₹60,878 cr, compared with ₹58,539 cr in the immediately preceding quarter; increased by ₹2,338 cr (+4.0%).

• Net profit / loss: ₹10,710 cr, compared with ₹10,012 cr in the immediately preceding quarter; increased by ₹699 cr (+7.0%).

• Profit before tax: ₹15,318 cr, compared with ₹13,665 cr in the immediately preceding quarter; increased by ₹1,654 cr (+12.1%).

• Operating profit (derived EBITDA): ₹34,946 cr, compared with ₹33,303 cr in the immediately preceding quarter; increased by ₹1,643 cr (+4.9%).

• Basic EPS: ₹14.25, compared with ₹13.38 in the immediately preceding quarter; increased by ₹0.87 (+6.5%).

Year-on-year comparisons match the same season; sequential comparisons measure the change from the preceding three-month period and may reflect seasonality. Neither comparison alone establishes the business cause of the movement. Scorecard percentage changes use the absolute prior-period value; a loss turnaround is not ordinary profit growth.

Margins and financial ratios

• Net profit margin: 17.59%. Previous quarter: 17.10%, up 49 basis points. Year-ago quarter: 16.59%, up 100 basis points.

• Derived EBITDA margin: 57.40%. Previous quarter: 56.89%, up 51 basis points. Year-ago quarter: 56.69%, up 71 basis points.

• Total expenses / revenue: 75.98%. Previous quarter: 77.60%, down 1.62 percentage points. Year-ago quarter: 77.92%, down 1.94 percentage points.

• Other income / total income: 1.42%. Previous quarter: 1.53%, down 0.11 percentage points. Year-ago quarter: 1.38%, up 0.04 percentage points.

• Effective tax rate (tax expense / positive PBT): 30.80%. Previous quarter: 27.53%, up 3.27 percentage points. Year-ago quarter: 29.99%, up 0.80 percentage points.

Margin movements are measured in basis points, not percentage growth: 100 basis points equals one percentage point. Cost ratios measure the share of reported revenue absorbed by a cost, not a forecast.

Cost structure and operating earnings

• Cost of materials: ₹0 cr (previous quarter ₹0 cr, — QoQ) (year-ago ₹0 cr, — YoY) — 0.00% of revenue

• Employee costs: ₹2,169 cr (previous quarter ₹2,178 cr, -0.4% QoQ) (year-ago ₹1,857 cr, +16.8% YoY) — 3.56% of revenue

• Finance costs: ₹5,707 cr (previous quarter ₹5,956 cr, -4.2% QoQ) (year-ago ₹4,866 cr, +17.3% YoY) — 9.38% of revenue

• Depreciation: ₹14,617 cr (previous quarter ₹14,235 cr, +2.7% QoQ) (year-ago ₹13,182 cr, +10.9% YoY) — 24.01% of revenue

The derived EBITDA proxy, adjusted to exclude other income and exceptional items, was ₹34,946 cr, equivalent to +57.4% of revenue against +56.7% a year earlier. Reconciliation: profit before tax ₹15,318 cr + finance costs ₹5,707 cr + depreciation ₹14,617 cr − other income ₹877 cr − signed exceptional items -₹180 cr. This is an analytical calculation, not company-reported EBITDA; statement classification and exceptional-item signs should be checked against the official notes. A rising expense ratio means the reported costs absorb more of the revenue denominator; it does not by itself identify demand, pricing or efficiency changes.

Tax, other income and earnings quality

Profit before tax was ₹15,318 cr. Reported tax expense was ₹4,718 cr, equivalent to 30.80% of positive profit before tax. Other income was ₹877 cr, or 1.42% of total income; its recurring or non-recurring nature must be checked in the notes. The statement reports exceptional items of -₹180 cr; the number alone does not identify their nature or recurrence. Net profit is not the same as cash generated from operations, and no cash-conversion conclusion is drawn without a verified cash-flow statement.

Earnings per share

Basic EPS was ₹14.25. Diluted EPS was not verified. EPS is expressed in rupees per share, not crore. Profit and EPS can move differently when share counts change; this report does not infer a share issuance, buyback or dilution event without verified disclosures.

Reporting basis and disclosure checks

This report uses Consolidated figures only; standalone and consolidated statements are not combined. The reporting period ends on 2026-09-30; the exchange records the filing time as 05-Nov-2026 19:29:31. The quarter-end date is not the announcement date. Segment performance, cash flow, debt, exceptional items, dividend decisions, auditor qualifications and management guidance are not asserted where the structured filing has not verified them. Read the attached official statement and notes before drawing conclusions.

What to track after the result

Compare future revenue, earnings and margins on the same reporting basis and accounting period. Check the official notes for restatements and non-recurring items; a quarterly profit number is not a share-price forecast. No live share-price reaction, analyst consensus, dividend or guidance is inferred from these statement figures.

Sources

• NSE official financial-result filing
• NSE official comparison filing — quarter ended 2026-06-30
• NSE official comparison filing — quarter ended 2025-09-30
• Bharti Airtel Limited quarterly-results history

Disclosure: Financial information and analysis only; not investment advice. Official filings can be amended; missing or unsupported fields are not estimated.