BHARTI AIRTEL LTD. — Q2FY27 earnings call summary

Filed 12 November 2026 · Official transcript

Multiple analyst queries on data center capex and AI uplink capacity; management confirms ongoing investments
Consolidated Q2 FY27 revenue Rs.60,900 Cr, +4% sequentially; EBITDAaL Rs.31,500 Cr, +5.5%; margin 51.7%
India EBITDAaL Rs.20,400 Cr, +4%; margin 52.7%, +40 bps; capex Rs.7,430 Cr; operating free cash flow Rs.13,000 Cr
Nxtra data center expansion ongoing; invested in land for 1 GW capacity; cloud services gaining momentum
Strategic focus on fiber expansion, AI integration, War on Waste cost discipline, and premiumization
Airtel Money lending live, monthly loan disbursement Rs.770 Cr; Airtel Payments Bank users 125m, deposits Rs.4,400 Cr
India mobile ARPU Rs.271, +7; postpaid net adds 1.2m; homes net adds 670k; digital portfolio growing strongly
Net debt/EBITDAaL consolidated 0.70; India ex-passive infra 0.96; strong balance sheet and capital allocation