Bharti Airtel Ltd, on Thursday (August 7), has launched a block deal to offload 0.8% equity in the telecom major. The total size of the transaction is pegged at ₹9,310 crore.The floor price for the deal has been set at ₹1,862 per share, representing a 3.15% discount to Bharti Airtel’s closing price on Thursday. As part of the transaction terms, a 90-day lock-in period will apply.
First quarter results
Bharti Airtel reported its consolidated net profit for Q1FY26 at ₹5,948 crore, slightly below the CNBC-TV18 poll estimate of ₹6,188.3 crore. On a sequential basis, net profit declined sharply by 46% from ₹11,021.8 crore in the previous quarter (Q4FY25).Also Read: Airtel partners with Perplexity to offer free AI search subscription to usersThe company’s consolidated revenue stood at ₹49,462 crore, surpassing market expectations of ₹48,943 crore, driven by strong performance across India and Africa. This marked a 3.3% quarter-on-quarter (QoQ) increase from ₹47,876.2 crore in Q4FY25.
Bharti Airtel’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) for the quarter rose to ₹27,839 crore, beating estimates of ₹27,537 crore. The EBITDA margin was reported at 56.3%, slightly down from 56.4% in the previous quarter. Sequentially, EBITDA grew 3.1% from ₹27,008.8 crore in Q4FY25.
Bharti Airtel’s India revenues increased 29.0% year-on-year (YoY) to ₹37,585 crore, with a sequential rise of 2.3%. Mobile revenues in India grew 21.6% YoY, supported by improved realisations and steady customer additions. The company continues to lead the industry in average revenue per user (ARPU), which rose to ₹250 for the quarter from ₹211 in Q1FY25.
Also Read: Airtel launches home grown cloud, Gopal Vittal says will make up for ‘sizeable’ chunk of revenue
Shares of Bharti Airtel Ltd ended at ₹1,924.70, down by ₹4.95 or 0.26%, on the BSE today (August 7).