Bharti Airtel Limited — Investor Meet, 19-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Bharti Airtel has announced a board meeting to consider the financial results for the quarter and half-year.

Consolidated Q4 revenue stood at ₹47,876 Cr and ₹1,73,000 Cr for FY2025 with EBITDAaL margin rising to 50.7%. India revenues grew 15.3%, with capex at ₹30,270 Cr and free cash flow near ₹31,400 Cr. Mobile added 5 million revenue customers; 5G users hit 135 million. Broadband and digital TV saw solid growth, supported by new content deals. Airtel Business revenues declined due to portfolio reshaping, while Airtel Africa showed steady constant currency growth with 35.9% EBITDAaL margin. Management is focused on fiber rollout, driving postpaid upgrades, tariff restructuring, disciplined capex, and AI-driven efficiency gains. High-cost debt deleveraging continues alongside rising dividends.

Bharti Hexacom reported Q4 revenues of ₹2,289 Cr (+1.7% QoQ), EBITDA margin expanded to 46.6%, and net income was ₹468 Cr. The tower sale to Indus Towers is on hold. Growth is driven by wireless and fixed wireless access, especially in challenging terrains. Capex is set to decline moderately as rollout phases complete, with a cautious 5G standalone rollout planned. Premiumization targets postpaid growth through data top-ups over international roaming.

Overall, the tone is confident on growth, execution, capital discipline, and the need for tariff reforms to sustain healthy returns.