macro

Airtel Q2 Profit Rises 33% on Higher ARPU but Misses Estimates

Bharti Airtel's September-quarter profit rose almost 33% to 9,015 crore on higher ARPU, but fell short of analysts' forecasts, Moody's reports.

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what happened

Bharti Airtel's profit for the July–September quarter rose almost 33% year on year, to 9,015 crore. Average revenue per user (ARPU) climbed to 271 rupees, widening the company's lead over Reliance Jio. According to Moody's, the increase reflects faster migration to postpaid plans and the effect of costlier tariffs.

Still, profit came in below analyst estimates. Nuvama had forecast 9,955 crore and JPMorgan 9,146 crore. Higher network operating costs offset gains from new subscribers and plan upgrades. The company also added a record 1.2 million postpaid customers, while its India mobile base grew by only about 716,000.

why it matters

Two signals matter for the market: revenue per customer is rising faster than the subscriber base, but slower user growth and the profit miss could limit investor enthusiasm for the stock and its rivals.

market impact

Bharti Airtel shares and Indian telecom: higher ARPU supports revenue, while the profit miss caps sentiment

  • Bharti Airtel shares mixed — higher ARPU and profit growth are offset by the miss against analyst estimates

tags

instruments

Bharti AirtelReliance JioIndian telecom stocks

on polymarket

sources

  1. Airtel Q2 Profit Rises 33% on Better ARPU — Moody's, 6 November 2026 at 04:17 UTC
  2. Airtel Q2 Profit Zips 33% on Better ARPU — Moody's, 6 November 2026 at 04:17 UTC

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