Press Release w.r.t. financial results for the second quarter and six months ended September 30, 2026

bharti November 5, 2026 National Stock Exchange of India Limited Exchange Plaza, C-1 Block G Sandra Kurla Complex, Sandra (E) Mumbai - 400051, India Symbol: BHARTIARTL/ AIRTELPP BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400001, India Scrip Code: 532454/ 890157 Sub: Press Release with respect to financial results for the second quarter CQ2) and six months ended September 30, 2026 Dear Sir/ Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the press release being issued by the Company with regard to the audited financial results of the Company for the second quarter (Q2) and six months ended September 30, 2026. Kindly take the same on record. Thanking you, Sincerely Yours, \rte/ t . For Bharti Airtel Limited 'ro y \YAA.ivt..lV~._.,, o 1t 1s an P-uri Company Secretary & Compliance Officer Encl: As above Bharti Airtel Limited (a Bharti Enterprise) Regd. Office: Airtel Center, Plot No. 16, Udyog Vihar, Phase-IV, Gurugram -122015, India Corporate Office: Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase II, New Delhi • 110070, India T. . +91-124-4222222. F.: +91-124-4248063, Email: oompliance.officer@bharti.in, Website: www airtelin Bharti Airtel Limited – Media Release November 05, 2026 Bharti Airtel Limited Q2 FY27 Highlights • Bharti Airtel's consolidated revenue increased 16.7% YoY and 4.0% QoQ to Rs 60,878 crore, driven by strong momentum in both India and Africa • India business revenues came in at Rs 42,308 crore, increasing 9.4% YoY and 2.7% QoQ, underpinned by our portfolio premiumization strategy in Mobile alongside strong momentum in Homes & Airtel Business • India mobile revenue increased by 10.1% YoY, led by higher ARPU and strong growth in smartphone data customers additions • Homes segment continued on its strong growth trajectory with revenue growth of 25.3% YoY, driven by focus on quality customers and convergence agenda • Airtel Business revenue grew by 11.4% YoY with broad-based growth across core business and digital services portfolio • Digital TV revenues up 2.4% YoY led by IPTV adoption • Passive Infrastructure Services revenue rose 4.0% YoY, driven by ongoing site rollouts and expanded colocation footprints • Consolidated EBITDA reached Rs 35,240 crore; EBITDA margin at 57.9% o India EBITDA at Rs 25,729 crore with EBITDA margin at 60.8% • Consolidated EBITDAaL came in at Rs 31,488 crore, maintaining a strong margin of 51.7% o India EBITDAaL at Rs 23,778 crore with margin at 56.2% • Consolidated EBIT stood at Rs 20,556 crore with margin at 33.8% o India EBIT reached Rs 14,087 crore; margin at 33.3% • Consolidated Net income (before Exceptional items) at Rs 9,015 crore compared to Rs 6,792 crore in Q2’26 • Consolidated Net debt-to-EBITDA ratio (annualised) improved to 1.18 from 1.63 as of September 30, 2025 • Consolidated Net Debt (excluding lease obligations) to EBITDAaL ratio (annualised) stands at 0.70 • Consolidated capex stood at Rs 12,467 crore, including India capex of Rs 9,908 crore. In addition, Rs 2,826 crore invested in a strategic land parcel for data center expansion in India. Strong operational performance underscores our strategy and razor sharp execution o Smartphone data customer addition came in at 18.8 Mn YoY and 2.9 Mn QoQ. Smartphone data customers now comprise 81% of total mobile base o Postpaid net additions of 1.2 Mn in Q2’27 – strongest performance in any single quarter. o Industry leading mobile ARPU increased to Rs 271 from Rs 256 in Q2’26 o Mobile data usage increased 36.5% YoY to 36.5 GB per customer per month o Homes business sustained its robust trajectory with 3.4 Mn YoY net customer additions Page 1 of 3 Bharti Airtel Limited – Media Release November 05, 2026 Gurugram, India, November 05, 2026: Bharti Airtel Limited (“Bharti Airtel” or “the Company”) today announced its audited consolidated results for the quarter ended September 30, 2026. Q2’27 Performance: Our total Customer base expanded to 693 Mn across 15 countries supported by strong quarterly net additions of 12 Mn customers across India and Africa. Consolidated revenues for the quarter grew 16.7% YoY and 4.0% QoQ to Rs 60,878 crore, led by strong momentum in both India and Africa. Consolidated EBITDA for the quarter stood at Rs 35,240 crore with EBITDA margin of 57.9%. India revenues for Q2’27 reached Rs 42,308 crore, registering a strong growth of 9.4% YoY and 2.7% QoQ. India Mobile revenue up 10.1% YoY, driven by strong customer additions and improved realization with Average Revenue Per User (ARPU) expanding to Rs 271 in Q2’27 from Rs 256 in Q2’26. Strategic focus on strengthening our portfolio proposition led to exceptional performance in postpaid segment, resulting in record net additions of 1.2 Mn taking total base to 31.2 Mn. The smartphone data customer base expanded by 18.8 Mn over the past year. During the quarter, Airtel strengthened its postpaid proposition by adding Apple's newly expanded iCloud+ offerings, which now also includes Apple TV and Apple Arcade, offering greater value and another reason for customers to upgrade. We continue to strengthen our digital infrastructure and deployed 497 towers and 11,684 mobile broadband base stations during the quarter. Over the past year, network expansion included 5,649 towers and 44,718 kilometers of fiber, significantly enhancing coverage, capacity, and resilience. Driven by strong demand and market penetration, the Homes segment revenue grew by 25.3% YoY. Net customer additions for the quarter stood at 676 K, bringing the total Homes customer base to 15.4 Mn. With a customer base of 15.6 Mn, Digital TV delivered revenues of Rs 771 crore for the quarter, continuing to benefit from strong underlying growth in IPTV. Airtel Business posted another quarter of double digit revenue growth of 11.4% YoY, led by strong momentum across the portfolio. During the quarter, Airtel Business and ITI Limited enter into strategic partnership to accelerate India’s digital transformation. As enterprises across the country advance their digitization in line with the nation’s digital growth and development agenda, the collaboration will combine the complementary strengths and engineering excellence of ITI Limited and Airtel Business, to help businesses modernize legacy systems, improve operational efficiency, strengthen security, and respond faster to changing business demands. Africa delivered yet another quarter of robust growth of 20.6% YoY in Constant Currency, with 193.9 Mn customer base. Reported Revenue growth also came in strong at 25.7% YoY. In a statement, Gopal Vittal, Executive Vice Chairman, said: We delivered another quarter of consistent performance with consolidated revenues of Rs 60,878 crore, increasing 4.0% QoQ, underscoring the strength of our diversified portfolio. Africa delivered a standout quarter with 6.7% QoQ constant currency revenue growth. Africa’s improving performance is also benefiting from the rollout of Airtel’s homegrown technology stack across markets, powering our go-to-market capabilities. Group-wide synergies are also beginning to deliver tangible operating gains. India business recorded strong revenue growth of 2.7% sequentially. India Mobile delivered revenue growth of 3.4% QoQ, backed by our strategy of portfolio premiumization and winning quality customers. Our postpaid momentum remained strong with record high net customers additions of 1.2 million. We added 2.9 million smartphone data customers with continued improvement of our industry leading ARPU at Rs 271. The Homes business saw 676 K customer additions, driven by disciplined customer acquisition and continued progress on our convergence strategy. Airtel Business sustained strong momentum with revenue growth of 3.8% QoQ and 11.4% YoY, led by strong performance across the portfolio. Our new growth engines continue to gain momentum. Our investment in a strategic land parcel during the quarter [Showing first 8,000 characters — download PDF for full document]