Bharti Airtel reported strong Q2 FY25 performance for its India business, with revenues rising 17% YoY to ₹31,561 crore, driven by higher realisations in mobile services and growth in Homes and Airtel Business. Mobile services in India saw an 18.5% YoY revenue boost, mainly due to tariff adjustments, smartphone customer growth, and an improved user mix. Airtel Business revenues also climbed 10.7% YoY, backed by domestic portfolio expansion.
Key Financial Highlights:
- Consolidated EBITDA: ₹22,021 crore; EBITDA margin at 53.1%
- India Business EBITDA: ₹17,295 crore; EBITDA margin at 54.8%, up 86 bps YoY
- Consolidated EBIT: ₹10,996 crore; EBIT margin at 26.5%, a slight dip YoY
- India Business EBIT: ₹7,894 crore; EBIT margin at 25%, up 97 bps YoY
- Capex: ₹7,675 crore for the quarter
Airtel’s consolidated customer base expanded to 563 million across 15 countries. CEO Gopal Vittal highlighted the company’s “solid performance,” with Africa maintaining a 7.7% constant currency growth and India’s ARPU at an industry-leading ₹233. Vittal noted the company’s success in premiumisation and quality customer acquisition, adding 4.2 million new smartphone users.
As of 9:34 am the shares were trading 2.90% lower at ₹1,615.15 on NSE
