Airtel Q1 FY27 results beat estimates; stock slips marginally
Consolidated EBITDA came in at ₹33,599 crore, reflecting a margin of 57.4 per cent
Bharti Airtel released its Q1 FY27 financial results, surpassing expectations with revenues growing 18.4% year-over-year and 5.7% sequentially, topping analyst forecasts by roughly 2-2.5%. The stock price fell slightly by 0.11% on the NSE. Airtel's consolidated EBITDA amounted to ₹33,599 crore, marking a 57.4% margin. Net income before exceptional items reached ₹8,057 crore, up 35.5% from the same quarter a year prior.
Profit before tax increased 34.5% year-over-year to ₹14,126 crore. India's business contributed ₹41,214 crore, rising 9.7% YoY and 4.2% sequentially. The company's mobile ARPU saw a 5.6% increase to ₹264. Airtel achieved its highest quarterly postpaid net additions, adding 1 million new customers for a total postpaid base of 30 million.
The smartphone data customers grew by 21.1 million YoY and now constitute 80% of the mobile base. Mobile data consumption expanded 36% YoY to 34.4 GB per customer per month. Airtel's Homes segment posted a YoY revenue growth of 33.2%, adding 473,000 customers for a base of 14.7 million. The Business segment expanded revenues by 12% YoY.
Airtel's stake in Airtel Africa increased to over 79% following a share swap transaction. The company concluded the quarter with a total consolidated customer base of 680.9 million across 15 nations. Total consolidated debt-to-EBITDA ratio improved to 1.17. Capex for the quarter stood at ₹13,386 crore. Analysts from Citi, CLSA, Macquarie, and Jefferies all expressed positive sentiment, with target prices ranging from ₹2,190 to ₹2,330.
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