Bharti Airtel Q2 Results Preview: Analysts Forecast Significant Profit Surge Driven by Subscriber Growth

Bharti Airtel is scheduled to release its audited financial results for the second quarter (Q2) and the six months ended September 30, 2025, on Monday, November 3, 2025. Ahead of this announcement, various financial analysts and brokerage firms have provided previews, generally expecting strong performance.

Analysts predict a significant surge in Bharti Airtel's net profit for Q2 FY26, with some estimates pointing to a year-on-year (Y-o-Y) increase of up to 97%. For instance, JM Financial Institutional Securities forecasts a consolidated reported profit of ₹6,519.2 crore, an 81.4% rise Y-o-Y. Kotak Institutional Equities projects a net profit of ₹7,077.9 crore, a 97% Y-o-Y increase. Motilal Oswal Financial Services expects a 66% growth in net profit to ₹6,500 crore, while Emkay Global Financial Services estimates a 75.1% Y-o-Y rise to ₹6,292.3 crore.

The growth drivers are expected to be healthy subscriber additions, especially in the mobile broadband segment, with an estimated addition of 7.2 million users for JM Financial. Improvements in Average Revenue Per User (ARPU) are also anticipated, with forecasts suggesting it could rise to around ₹254-₹255. Revenue and Earnings Before Interest, Taxes, Depreciation, and Amortization (Ebitda) are also projected to see robust year-on-year and quarter-on-quarter growth, with Ebitda margins expected to improve.

Bharti Airtel's stock has been trading near its lifetime high levels on the stock exchanges, indicating positive market sentiment in anticipation of these strong results.

Impact: This news is crucial for investors as it provides insights into Bharti Airtel's financial health and growth trajectory. Strong Q2 results, aligning with or exceeding analyst expectations, could further boost the company's stock price and positively influence investor sentiment towards the Indian telecom sector. Conversely, any significant deviation from these positive forecasts might lead to stock price volatility. Rating: 8/10

Difficult Terms: Q2 FY26: The second quarter of the financial year 2025-2026. Standalone and Consolidated: Standalone refers to the company's financial results as a separate entity, while consolidated results include the financial performance of its subsidiaries and joint ventures. Y-o-Y (Year-on-Year): A comparison of financial performance over the same period in consecutive years (e.g., Q2 FY26 vs. Q2 FY25). Q-o-Q (Quarter-on-Quarter): A comparison of financial performance from one quarter to the next (e.g., Q2 FY26 vs. Q1 FY26). PAT (Profit After Tax): The profit a company has earned after all taxes have been deducted. MBB (Mobile Broadband): High-speed internet access delivered wirelessly to mobile devices. ARPU (Average Revenue Per User): The average amount of revenue a company generates from each subscriber over a specific period, usually a month. Ebitda (Earnings Before Interest, Taxes, Depreciation, and Amortization): A measure of a company's operating performance and profitability before accounting for interest, taxes, depreciation, and amortization expenses. Forex: Foreign exchange, referring to currency exchange rates and their impact on financial results. 4G-5G: Refers to the fourth and fifth generations of mobile network technology.