Bharti Airtel's net profit grew by 24% to ₹10,710 crore in the second quarter, revenue increased by 16.7%

Airtel Africa reported an approximate 16 percent increase in net profit, reaching $254 million in reporting currency for the second quarter ending September 30, 2026. In the same period last year, the company recorded a profit after tax of $219 million.

The company's revenue increased by 26 percent, amounting to $1,970 million compared to $1,567 million in the quarter of September 2025. Furthermore, when considering revenue in constant currency, the growth was 20.6 percent.

The total customer base expanded by 11.6 percent, reaching 193.9 million people. Among them, data users grew by 15 percent to 89.9 million, and mobile money customers increased by 22.4 percent, reaching 60.9 million.

The company noted that the growth in smartphone penetration to 51.6 percent continues to stimulate demand for data services. This led to an increase in the average data usage per customer to 13.3 GB, compared to 10.1 GB in the previous period.

Airtel Africa stated that the increase in data consumption per customer, along with continuous improvement in customer experience, contributed to a 10.7 percent growth in data ARPU in constant currency, demonstrating the company's ability to effectively monetize growing data demand.

Brigade Enterprises Ltd, based in Bangalore, reported a rise in net profit of 28.8% to 219 crore rupees in the second quarter of fiscal year 27 (Q2FY27) compared to the same period last year. This growth is attributed to stable demand that aligns with the launch of new projects.

However, the company's revenue, which focuses on South India, declined by 12.6% year-on-year (Y-o-Y), reaching 1,250 crore rupees compared to 1,430 crore rupees in the corresponding quarter of the previous year. This was reported in the stock exchange filing published on Thursday with results for the September quarter.

Earnings Before Interest, Taxes, Depreciation, and Amortization (Ebitda) increased by 27.5% in Q2FY27, reaching 478 crore rupees, compared to 375 crore rupees in the corresponding quarter of the previous fiscal year.

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Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, noted that residential segments continue to drive growth, supported by sustained demand and a strong project portfolio. She emphasized that customers are increasingly prioritizing quality, location, larger homes, and improved amenities, and the company continues to observe steady demand in both mid-range and premium segments. Furthermore, the festive season boosted customer engagement in the residential and retail businesses.

The group stated that project launch rates are gaining momentum, with property sales for the quarter reaching 1,827 crore rupees across a volume of 1.3 million square feet (msf). Shankar added that the company is prepared to sustain this momentum and ensure stable long-term growth. Brigade Enterprises shares fell by 1.39% and closed at 531 rupees on the BSE on Thursday.

During the quarter, the company launched projects totaling 2.4 msf with a Gross Development Value (GDV) of approximately 3,000 crore rupees. Brigade's portfolio generated revenue of 760 crore rupees, with an Ebitda of 175 crore rupees, which is 59% higher than in Q2FY26, at a margin of 23%.

Revenue from the rental business amounted to 329 crore rupees, with an Ebitda of 242 crore rupees, which is 9% higher than in Q2FY26, with a margin of 74%. As of September 2026, occupancy reached 90%. In the hospitality segment, which includes hotels the company builds for brand management, revenue in Q2FY27 was 161 crore rupees, and Ebitda was 59 crore rupees, which is 41% higher than in Q2FY26, with a margin of 37%.