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Bharti Airtel Ltd.

NSE: BHARTIARTL · Telecommunication

₹2,107.20+2.45%06 Nov 2026

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Instant answers about Bharti Airtel Ltd. — computed from its filings, no language model
Market cap₹13,15,061 cr
Current price₹2,107.20
High / Low₹2,163 / ₹1,741
P/E42.4
P/B8.32
Book value₹253.2
ROE19.6%
ROCE26.5%
Debt / equity0.77
Dividend yield0.86%
EPS (TTM)₹49.69
Face value₹5

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
showing latest 6 of 8 periods
FY19FY20FY21FY22FY23FY24FY25FY26
Revenue80,78087,5391,00,6161,16,5471,39,1451,49,9821,72,9852,10,973
EBITDA25,81936,48245,37257,53471,27478,29293,1591,19,674
Operating margin32.0%41.7%45.1%49.4%51.2%52.2%53.9%56.7%
Interest9,77912,38215,09116,61619,30022,64821,75421,555
Depreciation21,34827,69029,40433,09136,43239,53845,57052,711
Profit before tax-2,087-43,499-14,39510,06015,8099,97034,69644,808
Tax-3,419-12,1828,9324,1784,2734,12191711,350
Net profit410-32,183-15,0844,2558,3467,46733,55626,695
EPS ₹1.02-63.41-27.657.6714.8013.0958.0045.96
Operating cash flow———55,01765,32578,89898,3321,22,230
Capex———44,84838,90752,20661,02947,569
Dividend paid———1,4443,5904,1846,93511,328
Total assets2,75,1983,60,7793,46,0283,63,6564,46,6334,44,5315,14,3605,52,152
Equity71,42277,14558,95366,55477,56382,0191,13,6721,49,057

Quarterly performance

last 33 quarters · ₹ crore
showing latest 8 of 33 periods
SEP '18DEC '18MAR '19JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
Revenue20,42220,51920,60220,73821,13121,94723,72323,93925,78526,51825,74726,85428,32629,86731,50032,80534,52735,80436,00937,44037,04437,90037,59938,50641,47345,12947,87649,46352,14553,98255,38358,53960,878
Operating profit6,2446,2186,6328,2898,8609,24610,16510,40811,64212,05312,33212,98013,81014,70316,04016,52917,59418,45318,69719,59819,51419,81519,36519,70821,84624,59727,00927,83929,56130,78331,49233,30334,946
Operating margin30.6%30.3%32.2%40.0%41.9%42.1%42.9%43.5%45.2%45.5%47.9%48.3%48.8%49.2%50.9%50.4%51.0%51.5%51.9%52.3%52.7%52.3%51.5%51.2%52.7%54.5%56.4%56.3%56.7%57.0%56.9%56.9%57.4%
Other income69685575687499480149498421010919719192202258285348330440317364255470486509728702878907877
Interest3,0932,0172,5383,2282,9312,9853,3083,4563,7603,9723,8614,2263,9644,3674,0594,5114,9404,6865,1635,6145,1866,6455,2035,1525,4245,6765,5025,4614,8665,6235,6065,9565,707
Depreciation5,2375,4725,4936,7596,9356,9417,0557,2277,4217,5037,5027,7148,2478,5478,5838,7818,9479,2989,4069,6549,73410,07410,07510,54011,00011,70412,32612,46513,18213,42013,64414,23514,617
Profit before tax-2,162210677-3,092-31,650-1,655-7,102-11,540560-3,9331,4941,2812,4302,0254,3233,4293,9094,0584,4131,2633,3543,4051,9485,1144,82415,2329,52610,42212,24112,1859,96013,66515,318
Tax-2,248-182137-607-8,504-1,038-2,0343,8185524,3075108341,0319911,3221,1231,2861,0767883331,8461,2327101,3081,744757-2,8923,0833,6723,7987973,7614,718
Net profit11986107-2,866-23,045-1,035-5,237-15,933-7638547592841,1348302,0081,6072,1451,5883,0061,6121,3412,4422,0724,1603,59314,78111,0225,9486,7926,6307,3258,1678,888
EPS ₹0.300.220.27-6.18-44.92-2.02-9.69-29.22-1.401.571.390.522.061.493.592.883.802.815.302.842.364.273.617.216.2125.5419.0210.2611.6611.4412.5313.3814.25
Revenue YoY————3.5%7.0%15.1%15.4%22.0%20.8%8.5%12.2%9.9%12.6%22.3%22.2%21.9%19.9%14.3%14.1%7.3%5.9%4.4%2.8%12.0%19.1%27.3%28.5%25.7%19.6%15.7%18.4%16.7%
Profit YoY————-19498.1%-1301.0%-4985.3%——————-2.8%164.5%466.8%89.2%91.4%49.7%0.3%-37.5%53.8%-31.1%158.0%168.0%505.2%432.0%43.0%89.0%-55.1%-33.5%37.3%30.9%

Earlier results (standalone, Sep '07 – Jun '18)

₹ crore · from BSE, before the NSE XBRL filings begin

Bharti Airtel Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods
FY09†FY10†FY11†FY12†FY13†FY14†FY15†FY16†FY17†FY18†
Revenue34,01435,61038,01641,60245,35149,91855,49660,30062,35953,663
Operating profit13,10813,64413,23213,34713,35916,29919,37422,33624,72418,620
Operating margin38.5%38.3%34.8%32.1%29.5%32.7%34.9%37.0%39.6%34.7%
Other income141901132411,5758535,1931,486—236
Interest1,8811,0164231,5141,6521,3361,4093,5594,6705,884
Depreciation3,2063,8904,4885,1186,8277,2317,5609,54312,20313,049
Profit before tax8,16210,6998,7266,9566,4558,37715,65510,040-8,510-681
Tax4181,2731,0091,2261,3581,7772,4552,4931,416-760
Net profit7,7449,4267,7175,7305,0966,60013,2007,546-9,92679

Quarters

showing latest 8 of 44 periods
SEP '07†DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†MAR '09†JUN '09†SEP '09†DEC '09†MAR '10†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†MAR '18†JUN '18†
Revenue6,0606,6187,4147,8938,2748,8309,0179,0418,9028,7558,9129,3249,3009,5649,82810,18010,16410,50110,75710,98111,52311,29911,54812,22412,24312,51412,93613,62813,58113,99514,29214,82114,82415,06515,58916,34016,48015,24014,30014,50613,98012,68812,48912,419
Operating profit2,5802,7772,8353,0953,1233,3543,5373,5873,5363,3053,2163,3673,2983,2083,3583,1953,3213,3223,5103,2213,4743,1763,4893,5923,7284,3104,6694,7884,5164,8375,2335,4385,4175,5435,9386,6126,6275,6925,7925,1044,7634,6664,0873,788
Operating margin42.6%42.0%38.2%39.2%37.7%38.0%39.2%39.7%39.7%37.7%36.1%36.1%35.5%33.5%34.2%31.4%32.7%31.6%32.6%29.3%30.1%28.1%30.2%29.4%30.4%34.4%36.1%35.1%33.3%34.6%36.6%36.7%36.5%36.8%38.1%40.5%40.2%37.3%40.5%35.2%34.1%36.8%32.7%30.5%
Other income596433592820331625163250201528191322186642796459283539751561763,1521081,7561531,0871539250——515272803254
Interest5468280581,0764023454308022628014514656762035954063105463364902814602682183912722722855815781,0188351,1281,2984051,4021,5651,5511,1461,5771,6102,257
Depreciation8429257637257648149029539449901,0031,0671,0661,1281,2271,1711,1561,2561,5351,6521,6801,7381,7571,8151,7981,7911,8281,8791,8721,8231,9862,1012,3212,4412,6802,9882,9393,0023,2753,1793,0693,3473,4533,664
Profit before tax1,7921,4481,8252,3711,3112,1582,3223,0802,5372,5572,5262,2052,3982,0402,0831,8401,5831,6831,8501,6662,2539931,5431,1712,2012,4002,6062,8145,5252,8374,4792,7842,8222,3122,1222,0843,975980-15,549422536-225-1,414-2,322
Tax1732933324-294141247392240245396274298192245408276267276196462242459212417602546654588558655789598602504657667558-46614241-290-654-865
Net profit1,6191,4201,7922,0471,6052,0172,0752,6882,2972,3122,1301,9312,1001,8481,8381,4321,3081,4161,5741,4701,7927501,0849591,7841,7972,0602,1604,9372,2793,8241,9952,2241,7091,6191,4283,308422-15,08328149464-760-1,457
EPS ₹8.537.489.4410.788.4610.6310.9314.166.056.095.615.085.534.874.843.773.443.734.153.874.721.982.862.504.464.505.155.4112.355.709.574.995.564.284.053.578.281.06-37.740.701.240.16-1.90-3.65
Revenue YoY————36.5%33.4%21.6%14.5%7.6%-0.8%-1.2%3.1%4.5%9.2%10.3%9.2%9.3%9.8%9.4%7.9%13.4%7.6%7.4%11.3%6.3%10.8%12.0%11.5%10.9%11.8%10.5%8.8%9.2%7.6%9.1%10.2%11.2%1.2%-8.3%-11.2%-15.2%-16.7%-12.7%-14.4%
Profit YoY————-0.9%42.1%15.8%31.3%43.1%14.6%2.6%-28.2%-8.6%-20.1%-13.7%-25.8%-37.7%-23.4%-14.3%2.6%37.0%-47.0%-31.1%-34.8%-0.4%139.5%90.0%125.3%176.7%26.8%85.6%-7.7%-55.0%-25.0%-57.7%-28.4%48.8%-75.3%-1031.9%-80.3%-85.1%-84.8%—-619.3%

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 30 periods
JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
ROE-3.6%-36.0%-37.6%-41.7%-58.7%-29.8%-27.3%-25.6%1.9%5.1%5.1%6.4%8.4%9.0%10.1%10.8%10.8%9.7%10.8%9.1%12.2%14.1%28.3%29.5%31.1%32.7%25.8%17.9%19.4%19.6%
ROCE3.4%-12.2%-12.7%-16.8%-21.2%-3.4%-4.1%0.9%8.1%9.2%12.5%13.4%14.6%13.2%14.2%14.4%14.0%14.3%14.9%13.9%15.4%16.2%20.8%21.5%23.7%26.7%25.5%24.5%25.9%26.5%
Net margin-3.1%-31.0%-31.8%-36.8%-49.9%-24.1%-21.1%-14.8%1.1%2.8%2.7%3.7%4.6%5.1%5.5%6.0%5.8%5.2%5.7%5.0%6.6%7.9%15.1%19.4%19.2%19.8%14.9%12.7%13.1%13.6%
EBITDA margin33.3%36.1%39.1%41.8%42.6%43.5%44.3%45.5%46.7%47.6%48.6%49.4%49.9%50.4%51.0%51.2%51.7%52.1%52.3%52.2%51.9%51.9%52.6%53.9%55.1%56.0%56.6%56.7%56.9%57.1%
Debt / equity1.661.661.661.401.401.401.402.202.202.202.202.002.002.272.272.132.132.042.041.851.851.681.681.301.301.191.190.820.820.77
Interest coverage0.60-2.16-2.06-2.49-3.10-0.46-0.520.110.961.081.441.611.721.771.861.821.671.631.551.441.621.682.262.592.813.213.073.083.183.23
Asset turnover0.300.300.310.240.250.260.280.290.300.310.320.320.340.300.320.310.320.330.340.340.340.340.350.340.360.370.390.380.400.40

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 17 periods
MAR '14‡MAR '15‡MAR '17‡MAR '18‡MAR '19‡MAR '20‡MAR '21‡MAR '22‡SEP '22MAR '23SEP '23MAR '24SEP '24MAR '25SEP '25MAR '26SEP '26
Share capital——1,9991,9991,9992,7282,7462,7952,8312,8372,8582,8772,8962,9002,9003,0473,120
Other equity / reserves——65,45867,53669,42474,41756,20763,75970,02274,72674,62779,14284,2021,10,7721,14,8961,46,0101,54,927
Total equity59,75661,95667,45669,53471,42277,14558,95366,55472,85377,56377,48482,01987,0971,13,6721,17,7961,49,0571,58,047
Borrowings75,89666,3671,02,58297,8991,18,2551,07,7831,29,7901,32,9141,65,6251,65,5451,57,8031,51,9161,46,3401,48,3121,39,9481,21,6711,21,129
Current liabilities56,80563,44463,46078,24093,0551,31,4881,11,6361,14,0261,16,7191,21,9641,31,5911,38,6681,54,1621,80,4401,78,7871,74,5061,85,774
Non-current liabilities62,40665,52995,47493,99397,1951,27,1621,53,1651,57,6952,07,1102,18,2252,07,0962,00,2991,96,5171,80,4521,84,7221,81,6821,83,194
Total assets1,83,1771,95,7822,33,2652,50,5822,75,1983,60,7793,46,0283,63,6564,24,3894,46,6334,42,0964,44,5314,60,9825,14,3605,23,8635,52,1525,68,360
Property, plant & equipment59,64357,91662,00970,60881,52387,75785,80590,5721,38,6811,49,8711,49,7441,62,5491,78,9922,03,5142,11,3292,24,3902,36,920
Capital work-in-progress——2,3945,2098,8433,9974,3664,2396,41211,02913,9488,9088,75310,59610,21912,61313,607
Investments5,6704,62614,33916,15915,71125,47627,55029,34929,65032,95431,51831,60234,4385,8389,45918,90125,033
Inventories142134496988157266375245258339364436452430601646
Receivables——4,7405,8834,3014,6063,6384,0564,7753,9825,5934,9085,8457,6699,1468,2329,490
Cash & equivalents4,9811,1721,2824,9556,21213,5518,0866,0966,4947,1794,3666,9164,7386,1066,29813,7227,446

Cash flow

annual · ₹ crore · line = free cash flow
showing latest 5 of 12 periods
FY14‡FY15‡FY17‡FY18‡FY19‡FY20‡FY21‡FY22FY23FY24FY25FY26
Cash from operations26,23327,60228,28029,85420,07018,12948,20555,01765,32578,89898,3321,22,230
Cash from investing-24,973-22,048-30,604-27,968-28,501-30,492-26,888-41,870-39,080-50,204-60,270-58,534
Cash from financing2,774-9,657-3511,9209,46419,144-24,910-15,203-24,470-27,778-36,533-52,293
Capex17,90221,23837,87026,30129,47820,71727,25844,84838,90752,20661,02947,569
Free cash flow8,3316,364-9,5903,553-9,407-2,58820,94710,16826,41826,69237,30474,661
Dividends paid4441,6039173,2654,6621,8262,6911,4443,5904,1846,93511,328

Where the assets sit

Sep '26 · ₹ crore
Fixed assets (PPE)
₹2,36,920 cr42%
CWIP
₹13,607 cr2%
Investments
₹25,033 cr4%
Inventories
₹646 cr0%
Receivables
₹9,490 cr2%
Cash & equivalents
₹7,446 cr1%
Other assets
₹2,75,217 cr48%

Peer comparison

largest in Telecommunication · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Bharti Airtel Ltd.13,15,0612,107.2042.48.3219.6%
Vodafone Idea Ltd.1,38,24612.763.7——
Indus Towers Ltd.1,01,066383.1014.22.5618.0%
Bharti Hexacom Ltd.83,2201,664.4042.311.3826.9%
Tata Communications Ltd.48,6021,704.8044.014.2932.5%
Sterlite Technologies Ltd.37,075719.9048.28.1616.9%
HFCL Ltd.32,239210.6637.25.7115.4%
ITI Ltd.23,961248.85—12.57-5.9%
Tata Teleservices (Maharashtra) Ltd.7,77539.7726.0——
Railtel Corporation Of India Ltd.7,736241.0522.93.2814.3%

StoxGud checklist: Bullish setup · 7/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+14.9%
6 months+15.4%
1 year+0.3%
3Y CAGR+30.9%
5Y CAGR+24.4%
10Y CAGR+22.3%
50-day avg₹1,868.15
200-day avg₹1,889.75
RSI (14)79

Long-term financials (FY12–FY12)

from published annual reports
YearRevenueProfit before taxNet profit
FY12₹41,604 Cr₹6,956 Cr₹5,730 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare Bharti Airtel Ltd. with

FAQs

What is the share price of Bharti Airtel Ltd.?

Bharti Airtel Ltd. (BHARTIARTL) closed at ₹2,107.20 on NSE on 06 Nov 2026.

What is the market cap of Bharti Airtel Ltd.?

₹13,15,061 crore at the latest close.

What is the P/E ratio of Bharti Airtel Ltd.?

42.4, on trailing-twelve-month earnings from its filings.

How fast is Bharti Airtel Ltd. growing?

Bharti Airtel Ltd.: revenue has compounded at 14.9% a year over three years; net profit at 47.3% a year. Latest-quarter revenue is up 16.7% year on year, profit up 30.9%.

How profitable is Bharti Airtel Ltd.?

On a trailing-twelve-month basis return on equity is 19.6%, return on capital employed 26.5%, operating margin 57.1%, net margin 13.6%.

How much debt does Bharti Airtel Ltd. have?

Bharti Airtel Ltd. is moderately geared: debt to equity is 0.77 with borrowings of ₹1,21,129 cr against cash of ₹7,446 cr (balance sheet of 2026-09-30). Operating profit covers interest 3.2 times.

Financials parsed from Bharti Airtel Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '18, annual from FY19, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.