Airtel shares surge 3% after strong Q2 show

BHARTIARTL Bharti Airtel rose over 3% in early trade on Friday after the telecom major posted a 31% year-on-year jump in consolidated net profit to ₹8,888 crore for the quarter ended September 30, 2026. Revenue from operations climbed 16.7% to ₹60,878 crore, while EBITDA stood at ₹35,240 crore with a healthy margin of 57.9%.The strong performance was driven by solid growth in both India and Africa businesses. India revenue rose 9.4% to ₹42,308 crore, with mobile service revenue up 10.1%. Average revenue per user (ARPU) improved to ₹271 from ₹256 a year earlier. Africa delivered a standout sequential performance, supported by the company’s technology stack rollout. The stock opened at an intra-day high of ₹2,120 against the previous close of ₹2,056.90.