Q3 2025 Bharti Airtel Ltd Earnings Call Transcript
Key Points
- Bharti Airtel Ltd (BOM:532454) plans to transfer approximately 16,100 telecom towers to Indus Towers, which is expected to enhance operational efficiency and create long-term value.
- The company reported strong consolidated revenues of INR45,130 crores, with India revenue growth (excluding Indus) at 4.8% sequentially.
- EBITDA margins improved to 56.2%, with EBITDAL standing at INR16,306 crores and a margin of 49.3%, reflecting strong operational performance.
- Bharti Airtel Ltd (BOM:532454) added 4.9 million mobile customers and 674,000 broadband customers during the quarter, indicating healthy subscriber growth.
- The company has made significant progress in ESG initiatives, including expanding network coverage to over 89,000 villages and reducing carbon footprint through solarization and AI-driven network optimizations.
- The decision to exit low-margin wholesale commodity voice and messaging business may impact top-line revenue in the coming quarters.
- Despite strong growth in the home broadband segment, Bharti Airtel Ltd (BOM:532454) acknowledges it is not yet competitively where it should be compared to peers.
- The company faces challenges in scaling its digital revenue streams, with competition reportedly growing at a faster pace.
- There is a need for further tariff repair in India, as ARPU remains one of the lowest globally, impacting financial stability.
- The enterprise segment experienced a decline in EBITDA due to a shift towards bundled solutions with lower margins, impacting overall profitability.
(audio in progress) That must be viewed in conjunction with the risks that we face. Post the management's opening remarks, we will open up for an interactive Q&A session.
(Operator Instructions)
With this, I would now like to hand over to Mr. Gopal Vittal for his opening remarks.
Thank you, Dehi. A very warm welcome to all of you. And with me on the call, I've got Shashwat, Soumen, Harjeet, Naval, and Akhil Garg.
Let me start with one key development. We are planning to transfer about 16,100 telecom towers, approximately 12,700 from Bharti Airtel and about 3,400 from Bharti Hexacom to Indus Towers. Our belief is that this business is managed by -- best managed by Indus since they know how to do this better than us. It will not only free up management bandwidth within Airtel, it will also create greater efficiency, scale and ultimately, long-term value at Indus.
Now let me give you an update of the quarter and the progress
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