📈 Bharti Airtel Q1 FY26 Results (June Quarter)

✅ Strong Financial Performance: Net Profit: ₹5,948 crore ↳ +43% YoY, fifth consecutive quarter of profit growth Revenue from Operations: ₹49,463 crore ↳ +28% YoY, vs ₹38,506 crore last year 📊 Stock Performance: Airtel shares rose 1.4% to ₹1,959.1 on NSE (as of 9:20 a.m., Aug 6) 📱 Operational Highlights: 🔹 Mobile Segment: Smartphone user base: Up 21.3 million YoY, now 77% of mobile users Postpaid additions: +0.7 million, total at 26.6 million Data usage: +21.6% YoY; per-user consumption at 26.9 GB/month ARPU (Avg Revenue/User): ₹250 — continues to trend upwards 🔹 Network Expansion: Q1 Additions: ~1,800 towers, 7,500 broadband sites Annual Rollout: ~15,400 towers, 43,700 km of fiber 🔹 Homes & Broadband Business: Revenue up 25.7% YoY Record 939,000 new Wi-Fi users; base hits 11 million 1.6 million fiber connections added in the quarter 🧾 Capex & Debt: Capital Expenditure: ₹5,450 crore ↳ Lower than estimates, helping reduce consolidated net debt Record Free Cash Flow (FCF): Strong cash generation improves sentiment 💼 Brokerage Views: Brokerage Rating Target Price Key Comments Morgan Stanley Equal-Weight ₹1,890 India mobile EBITDA beat; positive ARPU trend CLSA Outperform ₹2,035 ARPU leadership, record home subscriber additions Macquarie Outperform ₹2,050 ARPU, capex control, strong FCF beat estimates Consensus sentiment: Positive bias with upside potential driven by subscriber growth, ARPU improvement, and strong FCF 🧠 Takeaway: Bharti Airtel continues to deliver robust growth across key metrics, with an improving ARPU, expanding user base, and effective cost control. Record free cash flow and disciplined capex further strengthen its fundamentals. Brokerages remain optimistic, with target prices indicating a ~4–5% upside from current levels. #BhartiAirtel #Airtel #Telecom