Financials
Airtel Q1 profit jumps to Rs 5,948 crore, adds 1.5 crore new users
MUMBAI: Talk about a strong connection Bharti Airtel has come in loud and clear this quarter. The telco rang in a consolidated net profit of Rs 5,948 crore for Q1 FY26, marking a solid 104 per cent year-on-year jump from Rs 2,925 crore in Q1 FY25. The growth came on the back of higher subscriber additions, a healthy operating margin, and steady performance across its India and Africa businesses.
Revenue from operations for the quarter ended June 30, 2025, stood at Rs 49,463 crore, rising 28.5 per cent year-on-year and 3.3 per cent sequentially. Consolidated EBITDA came in at Rs 28,167 crore, up 41.2 per cent YoY, with the EBITDA margin remaining strong at 56.9 per cent.
Calling all metrics here’s the lowdown:
. EBIT stood at Rs 15,621 crore, a 67 per cent YoY rise, with margins improving to 31.6 per cent.
. Profit before tax increased 98.6 per cent YoY to Rs 10,504 crore.
. India mobile services revenue clocked in at Rs 27,396 crore in Q1 FY26 versus Rs 22,527 crore last year.
. Africa mobile services brought in Rs 12,083 crore, up from Rs 9,637 crore YoY.
. Homes services (broadband) contributed Rs 1,718 crore, and
. Digital TV services fetched Rs 762 crore.
. Airtel Business, its B2B arm, generated Rs 5,057 crore.
Subscriber base rings in growth:
The company added 1.5 crore customers during the quarter, taking its total global base to 60.5 crore subscribers, a 6.7 per cent YoY increase. Of these, India accounted for 43.6 crore users, up 6.6 per cent, and Africa stood at 16.9 crore, growing 9 per cent.
Margins and metrics dial up too:
. Operating margin: 31.1 per cent (vs 23.8 per cent YoY)
. Net profit margin: 15.0 per cent (vs 12.3 per cent YoY)
. Debt-to-equity: Improved to 0.80 (from 1.21 YoY)
. Interest coverage ratio: Rose to 6.35x (from 4.74x)
. Basic earnings per share: Rs 10.26 (vs Rs 7.21 YoY)
. Net worth: Rs 11,79,009 million
Segment-wise, Passive Infrastructure Services revenue surged to Rs 8,091 crore, reflecting growth from its Indus Towers investment, while Airtel Business remained resilient despite a slight sequential dip.
Standalone net profit was Rs 3,765 crore in Q1, with revenue at Rs 29,249 crore. The company maintained a healthy standalone EBITDA of Rs 17,177 crore and net profit margins of 12.9 per cent.
Airtel has not only tightened its financial grip but also expanded its user base proving it’s not just chasing signals, but setting benchmarks.
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
