Bharti Airtel Share Price: The second quarter of the current financial year 2026 was a blockbuster for Bharti Airtel and brokerage firms are positive about it going forward. Shares of Bharti Airtel jumped nearly 3% to reach a record high on the September 2025 quarter trading results. Some investors took advantage of this rise, due to which the prices softened a bit but it is still in a very strong position. Currently on BSE it is at ₹2114.95 with a gain of 1.99%. In intra-day it jumped 2.99% to reach a record high of ₹2135.75. Last year, on November 21, 2024, it was at a one-year low of ₹ 1510.80, due to which in less than a year, it jumped 41.37% to reach a record high today.
How was the September quarter for Bharti Airtel?
Bharti Airtel’s consolidated net profit increased by 73.6% to ₹6,792 crore and revenue increased by 25.7% to ₹52,145 crore in the second quarter July-September 2025 of the current financial year 2026. Talking about the operating level, it jumped 35.9% year-on-year in the September quarter to reach ₹29,919 crore and its margin became 57.4%. Its revenue in India increased 22.6% year-on-year to ₹38,690 crore in the September quarter, while operating profit margin reached 60%. Average revenue per user (ARPU) improved to ₹256 YoY from ₹233, supported by premium subscription additions.
Airtel added 51 lakh smartphone users and 9.51 lakh home broadband customers in the September quarter. If we talk about Airtel’s African business, the growth was strong there too. Constant currency revenue stood at 24.2% YoY and operating margin at 48.8%. The company’s capex stood at ₹11,362 crore in the September quarter.
What is the trend of brokerage firms?
Domestic brokerage firm CLSA has again given outperform rating to Bharti Airtel and fixed the target price at ₹2285. The brokerage firm says that the business results for the September quarter were better than expected. The brokerage firm’s report highlights that its India mobile revenue and operating profit grew by 3-4% quarter-on-quarter and 13-20% year-on-year, supported by subscription upgrades and data growth. Bharti Airtel’s average revenue per user (ARPU) increased by 10% to ₹256. The brokerage firm in its report also mentioned free cash plow of ₹31,900 crore and capex of ₹19700 crore after leases in H1FY26.
Jefferies, another domestic brokerage, has maintained its buy rating and fixed the target price at ₹2,635. It received strong support from businesses in both India and Africa. The brokerage firm expects subscriber premiumization and better monetization trends to further support its growth. Jefferies has raised its earnings estimates for fiscal years 2026-28 by 1-4%.
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