BHARTI AIRTEL LTD. — Q4FY26 earnings call summary

Filed 20 May 2026 · Official transcript

Digital businesses growing 27% in FY26; B2B order book up 17%; focus on cloud, IoT, cybersecurity
Capex FY26 India ex-passive Rs.31,000 Cr; FY27 capex expected similar; focus on transport, edge data centers
Management cautious on tariff hikes; pricing architecture seen as broken, aiming for multi-tier plans
FY26 consolidated revenue about Rs.2,11,000 Cr, EBITDAaL Rs.1,08,000 Cr, margin 51.2%
New growth bets: data centers (1 GW target), financial services (NBFC license), Airtel Cloud
FY26 India mobile ARPU Rs.257; focus on accelerating ARPU growth via postpaid and premiumization
Homes added 4.2 mn customers in FY26; fiber rollout 43,000 km; IPTV gaining traction
Regulatory charge provisioned due to interpretation changes, no new demand