Telecommunications conglomerate, Bharti Airtel, on Tuesday saw its shares reach a 52-week high after it reported an over two-fold jump in consolidated net profit in the September quarter of FY26.
The stock rallied 2.98 per cent to reach its 52-week high of ₹2,135.75 on the BSE, while it climbed 2.97 per cent to ₹2,135.60 to reach its 52-week peak at the NSE.
On Monday, Bharti Airtel reported over two-fold jump in consolidated net profit at ₹8,651 crore in the September quarter of FY26, as against a profit of ₹4,153.4 crore reported in the same period a year ago.
The company attributed its earnings to growth in high-paying smartphone customers and post-paid connections.
Bharti Airtel Africa too had posted multi-fold growth in net income at ₹969 crore during the quarter.
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Meanwhile, revenue from operations of Bharti Airtel increased by about 26 per cent to ₹52,145 crore during the quarter from ₹41,473.3 crore in the same period last year.
The firm’s India revenue increased by 22.6 per cent YoY to ₹38,690 crore after including its share from Indus Towers (it was at ₹31,561 crore, excluding revenue from Indus Towers).
The company’s growth on YoY basis including revenue from passive infrastructure has been 11 per cent with September 2024 revenue reinstated to ₹34,983.7 crore. However, the India revenue without passive infrastructure share grew by 10 per cent only.
Mobile average revenue per user (ARPU), a key matrix to determine telecom operators’ growth, of Bharti Airtel was higher than its competitor Jio.
Airtel posted an increase of about 10 per cent in ARPU to ₹256 during the quarter compared to ₹233 in the same period a year ago, while Jio last month reported an ARPU of ₹211.4 and revenue from operations of ₹36,332 crore in the same quarter.
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