Bharti Airtel shares decline over 4% after large block deal; all you need to know

The report stated that the total block deal size is estimated at ₹10,300 crore, with a floor price of ₹2,030 per share—a 3.1% discount to the company’s prevailing market price.

At 9:50 AM, Bharti Airtel shares were trading at ₹2,009.20 apiece on NSE, declining 4.09%. It was the biggest laggard on the 50-share index in the early session.

Airtel's Q2 earnings

This week, the country's second-largest telecom services company reported a net profit of ₹6,792 crore in the second quarter of the current financial year, marking an increase of 26% from ₹3,593 crore in the same period last year.

Its revenue from operations jumped 26% to ₹52,145 crore in the July-September period from ₹41,473 crore a year earlier.

In the second quarter, Bharti Airtel reported an operating profit, or EBITDA, of ₹29,919 crore with an EBITDA margin at 57.4%. India business EBITDA came in at ₹23,204 crore, and the EBITDA margin stood at 60%.

Bharti Airtel's average revenue per user (ARPU), a key profitability metric of a telecom company, improved to ₹256 per user per month from ₹233 in the year-ago period.

Other updates from this week

The telecom firm on November 3 said its board has approved the acquisition of an additional 5% stake in its telecom infrastructure subsidiary Indus Towers. Bharti Airtel holds a 51.03% stake in Indus Towers as of September 30.

However, the company, in a filing, said that “acquisition doesn't fall within related party transaction(s).”

The Supreme Court on Monday said the government can reconsider and reconcile the telecom company's pending dues of all adjusted gross revenue, and it will not be restricted to AGR dues for the 2016-17 financial year.

Adjusted gross revenue (AGR) is the income figure used to calculate licence fees and spectrum charges that telecom companies must pay to the government.

An Airtel document showed that the company has a total pending AGR liability of ₹38,604 crore as of March 31, 2025, with the first instalment of ₹5,054.4 crore to be paid in the current fiscal year.