**Bharti Airtel Limited:**
Bharti Airtel reported strong Q2 financial results, with consolidated revenue around 52,000 Cr and India revenue (ex-Indus) at 34,900 Cr. EBITDAaL margin in India was 51.5%, with operating free cash flow at 10,750 Cr. Mobile ARPU reached 256. The company added 1.4 million revenue-earning customers and 951,000 home broadband customers, with 167 million 5G users. Management plans to accelerate Nxtra data center investments, aiming for over 1 gigawatt capacity, and welcomed the Supreme Court's AGR order allowing reconciliation. Airtel continues focusing on premiumization, 5G expansion, and cross-selling, leveraging AI for efficiency and customer experience, with an overall confident outlook for ARPU repair.
**Bharti Hexacom Limited:**
Bharti Hexacom delivered consistent Q2 results, with revenue of 2,317 Cr and EBITDAaL of 1,098 Cr (margin 47.5%). The revenue-earning customer base saw a marginal dip to 28 million, attributed to pronounced seasonality expected to correct in Q3. ARPU was 251. The homes business achieved its highest-ever net additions at 60,000, with FWA playing a crucial role in penetration. Operating free cash generation was 730 Cr. Management foresees continued growth in homes and expects capex to moderate over time. The company's outlook is positive, focusing on customer acquisition despite seasonal impacts.