<\/p>\n
\ud83d\udcf6 Subscriber Additions (Q2 FY26)
\n– Reliance Jio
\n– Added ~11 million subscribers
\n– Total user base: ~506 million
\n– Strong growth from JioBharat and JioAirFiber
\n– Bharti Airtel
\n– Added ~0.95 million subscribers
\n– Total user base: ~364 million (India)
\n– Focus on premium postpaid and high-ARPU users
\n– Vodafone Idea
\n– Added ~0.8 million subscribers (first net addition in 13 quarters)
\n– Total user base: ~196.7 million
\n– 4G subscriber base grew to 126.3 million<\/p>\n
\ud83d\udcb0 Financial Highlights (Q2 FY26)
\n– Bharti Airtel
\n– Net Profit: \u20b98,651 Cr (up 89% YoY)
\n– ARPU: \u20b9256 (highest in industry)
\n– Strong Africa business and data consumption growth
\n– Reliance Jio
\n– EBITDA: \u20b918,757 Cr (up 11.7% YoY)
\n– ARPU: \u20b9211.4
\n– Continued investment in 5G and broadband
\n– Vodafone Idea
\n– Net Loss: \u20b95,524 Cr (narrowed YoY)
\n– ARPU: \u20b9142
\n– Revenue: \u20b910,716 Cr (flat QoQ)
\n– Capex: \u20b9750 Cr (vs \u20b91,150 Cr in Q1)<\/p>\n
\ud83d\udc40 Investor Watchouts
\n– Tariff Hike Potential: All three players hinting at tariff hikes in FY26
\n– 5G Monetization: Airtel and Jio progressing; Vi still in early rollout phase
\n– Funding Needs: Vi\u2019s survival hinges on equity infusion and AGR relief
\n– ARPU Trends: Airtel leads in monetization; Jio catching up; Vi lags<\/p>\n
\ud83d\udcc8 Impact on Stocks
\n– Bharti Airtel
\n– Positive sentiment due to strong earnings and ARPU
\n– Analysts bullish; target price ~\u20b92,450
\n– Focus on premiumization and digital services
\n– Reliance Industries (Jio)
\n– Jio\u2019s performance supports RIL\u2019s telecom and digital verticals
\n– Watch for JioAirFiber monetization and Jio Financial Services spin-off
\n– Vodafone Idea
\n– Stock rallied 6% post-results on narrowing losses
\n– Long-term outlook hinges on funding, tariff hikes, and network expansion<\/p>\n","protected":false},"template":"","article-category":[],"article-tags":[],"class_list":["post-22133","article","type-article","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article\/22133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article"}],"about":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/types\/article"}],"wp:attachment":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media?parent=22133"}],"wp:term":[{"taxonomy":"article-category","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-category?post=22133"},{"taxonomy":"article-tags","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-tags?post=22133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}