Airtel’s profit falls 26% after Jio’s listing:Revenue slips 7% in latest corporate results; Jio now bigger than Airtel

Just a day after Mukesh Ambani-owned Reliance Industries Limited’s (RIL) telecom and digital services arm, Jio Platform Limited’s stellar listing on the stock exchanges, its rival Bharti Airtel reported 26% fall in profits in the latest corporate result filings for the September 2026 quarter. In the July–August 2026 quarter, Bharti Airtel’s consolidated revenue from operations fell by 7% quarter-on-quarter to ₹8,784.95 crore. In the April-June quarter, the company’s revenue stood at ₹9,443.89 crore. In the Q2 FY27 quarter, Airtel’s profit fell by 26% quarter-on-quarter to ₹1,095.55 crore. In the April-June quarter, the company’s profit stood at ₹1,478.35 crore. Airtel stock down 6% in 1 year Following the quarterly results, Airtel’s stock traded flat at ₹1,967 apiece on the BSE. The company’s stock has delivered returns of 11% in 1 month and 4% in 6 months. Year-to-date (since 1 January , 2026), Airtel’s share price has fallen by 7%. The company’s market capitalization stands at ₹12.29 lakh crore. Jio Platforms shares continue to rise after stellar stock market debut Jio Platforms Ltd’s shares extended their rally for the second straight session on Thursday, rising to new all time high of ₹1,490 on the stock exchanges and taking the company’s market valuation to ₹13.72 lakh crore following an impressive debut on Dalal Street. Bharti Airtel was founded in 1995 The Government of India began issuing licenses for mobile services for the first time in 1992. Company founder Sunil Mittal recognized this opportunity and, in partnership with the French company Vivendi, secured licenses for Delhi and its surrounding regions. In 1995, Mittal established Bharti Cellular Limited to offer cellular services and launched operations under the Airtel brand name.

What are Standalone and Consolidated results? Companies publish their financial results in two parts—Standalone and Consolidated. Standalone: Shows the financial performance of only the primary individual unit (the standalone company itself). Consolidated: Gives a complete financial picture of the entire business entity, including all of its subsidiaries, step-down companies, and joint ventures.