Bharti Airtel Ltd.
NSE: BHARTIARTL · Telecommunication
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Instant answers about Bharti Airtel Ltd. — computed from its filings, no language modelPrice & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 80,780 | 87,539 | 1,00,616 | 1,16,547 | 1,39,145 | 1,49,982 | 1,72,985 | 2,10,973 |
| EBITDA | 25,819 | 36,482 | 45,372 | 57,534 | 71,274 | 78,292 | 93,159 | 1,19,674 |
| Operating margin | 32.0% | 41.7% | 45.1% | 49.4% | 51.2% | 52.2% | 53.9% | 56.7% |
| Interest | 9,779 | 12,382 | 15,091 | 16,616 | 19,300 | 22,648 | 21,754 | 21,555 |
| Depreciation | 21,348 | 27,690 | 29,404 | 33,091 | 36,432 | 39,538 | 45,570 | 52,711 |
| Profit before tax | -2,087 | -43,499 | -14,395 | 10,060 | 15,809 | 9,970 | 34,696 | 44,808 |
| Tax | -3,419 | -12,182 | 8,932 | 4,178 | 4,273 | 4,121 | 917 | 11,350 |
| Net profit | 410 | -32,183 | -15,084 | 4,255 | 8,346 | 7,467 | 33,556 | 26,695 |
| EPS ₹ | 1.02 | -63.41 | -27.65 | 7.67 | 14.80 | 13.09 | 58.00 | 45.96 |
| Operating cash flow | — | — | — | 55,017 | 65,325 | 78,898 | 98,332 | 1,22,230 |
| Capex | — | — | — | 44,848 | 38,907 | 52,206 | 61,029 | 47,569 |
| Dividend paid | — | — | — | 1,444 | 3,590 | 4,184 | 6,935 | 11,328 |
| Total assets | 2,75,198 | 3,60,779 | 3,46,028 | 3,63,656 | 4,46,633 | 4,44,531 | 5,14,360 | 5,52,152 |
| Equity | 71,422 | 77,145 | 58,953 | 66,554 | 77,563 | 82,019 | 1,13,672 | 1,49,057 |
Quarterly performance
last 33 quarters · ₹ crore| SEP '18 | DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20,422 | 20,519 | 20,602 | 20,738 | 21,131 | 21,947 | 23,723 | 23,939 | 25,785 | 26,518 | 25,747 | 26,854 | 28,326 | 29,867 | 31,500 | 32,805 | 34,527 | 35,804 | 36,009 | 37,440 | 37,044 | 37,900 | 37,599 | 38,506 | 41,473 | 45,129 | 47,876 | 49,463 | 52,145 | 53,982 | 55,383 | 58,539 | 60,878 |
| Operating profit | 6,244 | 6,218 | 6,632 | 8,289 | 8,860 | 9,246 | 10,165 | 10,408 | 11,642 | 12,053 | 12,332 | 12,980 | 13,810 | 14,703 | 16,040 | 16,529 | 17,594 | 18,453 | 18,697 | 19,598 | 19,514 | 19,815 | 19,365 | 19,708 | 21,846 | 24,597 | 27,009 | 27,839 | 29,561 | 30,783 | 31,492 | 33,303 | 34,946 |
| Operating margin | 30.6% | 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 income | 69 | 68 | 55 | 75 | 68 | 74 | 99 | 480 | 149 | 49 | 84 | 210 | 109 | 197 | 19 | 192 | 202 | 258 | 285 | 348 | 330 | 440 | 317 | 364 | 255 | 470 | 486 | 509 | 728 | 702 | 878 | 907 | 877 |
| Interest | 3,093 | 2,017 | 2,538 | 3,228 | 2,931 | 2,985 | 3,308 | 3,456 | 3,760 | 3,972 | 3,861 | 4,226 | 3,964 | 4,367 | 4,059 | 4,511 | 4,940 | 4,686 | 5,163 | 5,614 | 5,186 | 6,645 | 5,203 | 5,152 | 5,424 | 5,676 | 5,502 | 5,461 | 4,866 | 5,623 | 5,606 | 5,956 | 5,707 |
| Depreciation | 5,237 | 5,472 | 5,493 | 6,759 | 6,935 | 6,941 | 7,055 | 7,227 | 7,421 | 7,503 | 7,502 | 7,714 | 8,247 | 8,547 | 8,583 | 8,781 | 8,947 | 9,298 | 9,406 | 9,654 | 9,734 | 10,074 | 10,075 | 10,540 | 11,000 | 11,704 | 12,326 | 12,465 | 13,182 | 13,420 | 13,644 | 14,235 | 14,617 |
| Profit before tax | -2,162 | 210 | 677 | -3,092 | -31,650 | -1,655 | -7,102 | -11,540 | 560 | -3,933 | 1,494 | 1,281 | 2,430 | 2,025 | 4,323 | 3,429 | 3,909 | 4,058 | 4,413 | 1,263 | 3,354 | 3,405 | 1,948 | 5,114 | 4,824 | 15,232 | 9,526 | 10,422 | 12,241 | 12,185 | 9,960 | 13,665 | 15,318 |
| Tax | -2,248 | -182 | 137 | -607 | -8,504 | -1,038 | -2,034 | 3,818 | 552 | 4,307 | 510 | 834 | 1,031 | 991 | 1,322 | 1,123 | 1,286 | 1,076 | 788 | 333 | 1,846 | 1,232 | 710 | 1,308 | 1,744 | 757 | -2,892 | 3,083 | 3,672 | 3,798 | 797 | 3,761 | 4,718 |
| Net profit | 119 | 86 | 107 | -2,866 | -23,045 | -1,035 | -5,237 | -15,933 | -763 | 854 | 759 | 284 | 1,134 | 830 | 2,008 | 1,607 | 2,145 | 1,588 | 3,006 | 1,612 | 1,341 | 2,442 | 2,072 | 4,160 | 3,593 | 14,781 | 11,022 | 5,948 | 6,792 | 6,630 | 7,325 | 8,167 | 8,888 |
| EPS ₹ | 0.30 | 0.22 | 0.27 | -6.18 | -44.92 | -2.02 | -9.69 | -29.22 | -1.40 | 1.57 | 1.39 | 0.52 | 2.06 | 1.49 | 3.59 | 2.88 | 3.80 | 2.81 | 5.30 | 2.84 | 2.36 | 4.27 | 3.61 | 7.21 | 6.21 | 25.54 | 19.02 | 10.26 | 11.66 | 11.44 | 12.53 | 13.38 | 14.25 |
| 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 beginBharti 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
| FY09† | FY10† | FY11† | FY12† | FY13† | FY14† | FY15† | FY16† | FY17† | FY18† | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 34,014 | 35,610 | 38,016 | 41,602 | 45,351 | 49,918 | 55,496 | 60,300 | 62,359 | 53,663 |
| Operating profit | 13,108 | 13,644 | 13,232 | 13,347 | 13,359 | 16,299 | 19,374 | 22,336 | 24,724 | 18,620 |
| Operating margin | 38.5% | 38.3% | 34.8% | 32.1% | 29.5% | 32.7% | 34.9% | 37.0% | 39.6% | 34.7% |
| Other income | 141 | 90 | 113 | 241 | 1,575 | 853 | 5,193 | 1,486 | — | 236 |
| Interest | 1,881 | 1,016 | 423 | 1,514 | 1,652 | 1,336 | 1,409 | 3,559 | 4,670 | 5,884 |
| Depreciation | 3,206 | 3,890 | 4,488 | 5,118 | 6,827 | 7,231 | 7,560 | 9,543 | 12,203 | 13,049 |
| Profit before tax | 8,162 | 10,699 | 8,726 | 6,956 | 6,455 | 8,377 | 15,655 | 10,040 | -8,510 | -681 |
| Tax | 418 | 1,273 | 1,009 | 1,226 | 1,358 | 1,777 | 2,455 | 2,493 | 1,416 | -760 |
| Net profit | 7,744 | 9,426 | 7,717 | 5,730 | 5,096 | 6,600 | 13,200 | 7,546 | -9,926 | 79 |
Quarters
| 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† | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,060 | 6,618 | 7,414 | 7,893 | 8,274 | 8,830 | 9,017 | 9,041 | 8,902 | 8,755 | 8,912 | 9,324 | 9,300 | 9,564 | 9,828 | 10,180 | 10,164 | 10,501 | 10,757 | 10,981 | 11,523 | 11,299 | 11,548 | 12,224 | 12,243 | 12,514 | 12,936 | 13,628 | 13,581 | 13,995 | 14,292 | 14,821 | 14,824 | 15,065 | 15,589 | 16,340 | 16,480 | 15,240 | 14,300 | 14,506 | 13,980 | 12,688 | 12,489 | 12,419 |
| Operating profit | 2,580 | 2,777 | 2,835 | 3,095 | 3,123 | 3,354 | 3,537 | 3,587 | 3,536 | 3,305 | 3,216 | 3,367 | 3,298 | 3,208 | 3,358 | 3,195 | 3,321 | 3,322 | 3,510 | 3,221 | 3,474 | 3,176 | 3,489 | 3,592 | 3,728 | 4,310 | 4,669 | 4,788 | 4,516 | 4,837 | 5,233 | 5,438 | 5,417 | 5,543 | 5,938 | 6,612 | 6,627 | 5,692 | 5,792 | 5,104 | 4,763 | 4,666 | 4,087 | 3,788 |
| Operating margin | 42.6% | 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 income | 59 | 64 | 33 | 59 | 28 | 20 | 33 | 16 | 25 | 16 | 32 | 50 | 20 | 15 | 28 | 19 | 13 | 22 | 186 | 642 | 796 | 45 | 92 | 83 | 539 | 75 | 156 | 176 | 3,152 | 108 | 1,756 | 153 | 1,087 | 153 | 92 | 50 | — | — | 51 | 52 | 72 | 80 | 32 | 54 |
| Interest | 5 | 468 | 280 | 58 | 1,076 | 402 | 345 | 430 | 80 | 226 | 280 | 145 | 146 | 56 | 76 | 203 | 595 | 406 | 310 | 546 | 336 | 490 | 281 | 460 | 268 | 218 | 391 | 272 | 272 | 285 | 581 | 578 | 1,018 | 835 | 1,128 | 1,298 | 405 | 1,402 | 1,565 | 1,551 | 1,146 | 1,577 | 1,610 | 2,257 |
| Depreciation | 842 | 925 | 763 | 725 | 764 | 814 | 902 | 953 | 944 | 990 | 1,003 | 1,067 | 1,066 | 1,128 | 1,227 | 1,171 | 1,156 | 1,256 | 1,535 | 1,652 | 1,680 | 1,738 | 1,757 | 1,815 | 1,798 | 1,791 | 1,828 | 1,879 | 1,872 | 1,823 | 1,986 | 2,101 | 2,321 | 2,441 | 2,680 | 2,988 | 2,939 | 3,002 | 3,275 | 3,179 | 3,069 | 3,347 | 3,453 | 3,664 |
| Profit before tax | 1,792 | 1,448 | 1,825 | 2,371 | 1,311 | 2,158 | 2,322 | 3,080 | 2,537 | 2,557 | 2,526 | 2,205 | 2,398 | 2,040 | 2,083 | 1,840 | 1,583 | 1,683 | 1,850 | 1,666 | 2,253 | 993 | 1,543 | 1,171 | 2,201 | 2,400 | 2,606 | 2,814 | 5,525 | 2,837 | 4,479 | 2,784 | 2,822 | 2,312 | 2,122 | 2,084 | 3,975 | 980 | -15,549 | 422 | 536 | -225 | -1,414 | -2,322 |
| Tax | 173 | 29 | 33 | 324 | -294 | 141 | 247 | 392 | 240 | 245 | 396 | 274 | 298 | 192 | 245 | 408 | 276 | 267 | 276 | 196 | 462 | 242 | 459 | 212 | 417 | 602 | 546 | 654 | 588 | 558 | 655 | 789 | 598 | 602 | 504 | 657 | 667 | 558 | -466 | 142 | 41 | -290 | -654 | -865 |
| Net profit | 1,619 | 1,420 | 1,792 | 2,047 | 1,605 | 2,017 | 2,075 | 2,688 | 2,297 | 2,312 | 2,130 | 1,931 | 2,100 | 1,848 | 1,838 | 1,432 | 1,308 | 1,416 | 1,574 | 1,470 | 1,792 | 750 | 1,084 | 959 | 1,784 | 1,797 | 2,060 | 2,160 | 4,937 | 2,279 | 3,824 | 1,995 | 2,224 | 1,709 | 1,619 | 1,428 | 3,308 | 422 | -15,083 | 281 | 494 | 64 | -760 | -1,457 |
| EPS ₹ | 8.53 | 7.48 | 9.44 | 10.78 | 8.46 | 10.63 | 10.93 | 14.16 | 6.05 | 6.09 | 5.61 | 5.08 | 5.53 | 4.87 | 4.84 | 3.77 | 3.44 | 3.73 | 4.15 | 3.87 | 4.72 | 1.98 | 2.86 | 2.50 | 4.46 | 4.50 | 5.15 | 5.41 | 12.35 | 5.70 | 9.57 | 4.99 | 5.56 | 4.28 | 4.05 | 3.57 | 8.28 | 1.06 | -37.74 | 0.70 | 1.24 | 0.16 | -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| JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '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% |
| ROCE | 3.4% | -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 margin | 33.3% | 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 / equity | 1.66 | 1.66 | 1.66 | 1.40 | 1.40 | 1.40 | 1.40 | 2.20 | 2.20 | 2.20 | 2.20 | 2.00 | 2.00 | 2.27 | 2.27 | 2.13 | 2.13 | 2.04 | 2.04 | 1.85 | 1.85 | 1.68 | 1.68 | 1.30 | 1.30 | 1.19 | 1.19 | 0.82 | 0.82 | 0.77 |
| Interest coverage | 0.60 | -2.16 | -2.06 | -2.49 | -3.10 | -0.46 | -0.52 | 0.11 | 0.96 | 1.08 | 1.44 | 1.61 | 1.72 | 1.77 | 1.86 | 1.82 | 1.67 | 1.63 | 1.55 | 1.44 | 1.62 | 1.68 | 2.26 | 2.59 | 2.81 | 3.21 | 3.07 | 3.08 | 3.18 | 3.23 |
| Asset turnover | 0.30 | 0.30 | 0.31 | 0.24 | 0.25 | 0.26 | 0.28 | 0.29 | 0.30 | 0.31 | 0.32 | 0.32 | 0.34 | 0.30 | 0.32 | 0.31 | 0.32 | 0.33 | 0.34 | 0.34 | 0.34 | 0.34 | 0.35 | 0.34 | 0.36 | 0.37 | 0.39 | 0.38 | 0.40 | 0.40 |
Balance sheet
equity vs borrowings over time · ₹ crore| MAR '14‡ | MAR '15‡ | MAR '17‡ | MAR '18‡ | MAR '19‡ | MAR '20‡ | MAR '21‡ | MAR '22‡ | SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share capital | — | — | 1,999 | 1,999 | 1,999 | 2,728 | 2,746 | 2,795 | 2,831 | 2,837 | 2,858 | 2,877 | 2,896 | 2,900 | 2,900 | 3,047 | 3,120 |
| Other equity / reserves | — | — | 65,458 | 67,536 | 69,424 | 74,417 | 56,207 | 63,759 | 70,022 | 74,726 | 74,627 | 79,142 | 84,202 | 1,10,772 | 1,14,896 | 1,46,010 | 1,54,927 |
| Total equity | 59,756 | 61,956 | 67,456 | 69,534 | 71,422 | 77,145 | 58,953 | 66,554 | 72,853 | 77,563 | 77,484 | 82,019 | 87,097 | 1,13,672 | 1,17,796 | 1,49,057 | 1,58,047 |
| Borrowings | 75,896 | 66,367 | 1,02,582 | 97,899 | 1,18,255 | 1,07,783 | 1,29,790 | 1,32,914 | 1,65,625 | 1,65,545 | 1,57,803 | 1,51,916 | 1,46,340 | 1,48,312 | 1,39,948 | 1,21,671 | 1,21,129 |
| Current liabilities | 56,805 | 63,444 | 63,460 | 78,240 | 93,055 | 1,31,488 | 1,11,636 | 1,14,026 | 1,16,719 | 1,21,964 | 1,31,591 | 1,38,668 | 1,54,162 | 1,80,440 | 1,78,787 | 1,74,506 | 1,85,774 |
| Non-current liabilities | 62,406 | 65,529 | 95,474 | 93,993 | 97,195 | 1,27,162 | 1,53,165 | 1,57,695 | 2,07,110 | 2,18,225 | 2,07,096 | 2,00,299 | 1,96,517 | 1,80,452 | 1,84,722 | 1,81,682 | 1,83,194 |
| Total assets | 1,83,177 | 1,95,782 | 2,33,265 | 2,50,582 | 2,75,198 | 3,60,779 | 3,46,028 | 3,63,656 | 4,24,389 | 4,46,633 | 4,42,096 | 4,44,531 | 4,60,982 | 5,14,360 | 5,23,863 | 5,52,152 | 5,68,360 |
| Property, plant & equipment | 59,643 | 57,916 | 62,009 | 70,608 | 81,523 | 87,757 | 85,805 | 90,572 | 1,38,681 | 1,49,871 | 1,49,744 | 1,62,549 | 1,78,992 | 2,03,514 | 2,11,329 | 2,24,390 | 2,36,920 |
| Capital work-in-progress | — | — | 2,394 | 5,209 | 8,843 | 3,997 | 4,366 | 4,239 | 6,412 | 11,029 | 13,948 | 8,908 | 8,753 | 10,596 | 10,219 | 12,613 | 13,607 |
| Investments | 5,670 | 4,626 | 14,339 | 16,159 | 15,711 | 25,476 | 27,550 | 29,349 | 29,650 | 32,954 | 31,518 | 31,602 | 34,438 | 5,838 | 9,459 | 18,901 | 25,033 |
| Inventories | 142 | 134 | 49 | 69 | 88 | 157 | 266 | 375 | 245 | 258 | 339 | 364 | 436 | 452 | 430 | 601 | 646 |
| Receivables | — | — | 4,740 | 5,883 | 4,301 | 4,606 | 3,638 | 4,056 | 4,775 | 3,982 | 5,593 | 4,908 | 5,845 | 7,669 | 9,146 | 8,232 | 9,490 |
| Cash & equivalents | 4,981 | 1,172 | 1,282 | 4,955 | 6,212 | 13,551 | 8,086 | 6,096 | 6,494 | 7,179 | 4,366 | 6,916 | 4,738 | 6,106 | 6,298 | 13,722 | 7,446 |
Cash flow
annual · ₹ crore · line = free cash flow| FY14‡ | FY15‡ | FY17‡ | FY18‡ | FY19‡ | FY20‡ | FY21‡ | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 26,233 | 27,602 | 28,280 | 29,854 | 20,070 | 18,129 | 48,205 | 55,017 | 65,325 | 78,898 | 98,332 | 1,22,230 |
| 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 financing | 2,774 | -9,657 | -351 | 1,920 | 9,464 | 19,144 | -24,910 | -15,203 | -24,470 | -27,778 | -36,533 | -52,293 |
| Capex | 17,902 | 21,238 | 37,870 | 26,301 | 29,478 | 20,717 | 27,258 | 44,848 | 38,907 | 52,206 | 61,029 | 47,569 |
| Free cash flow | 8,331 | 6,364 | -9,590 | 3,553 | -9,407 | -2,588 | 20,947 | 10,168 | 26,418 | 26,692 | 37,304 | 74,661 |
| Dividends paid | 444 | 1,603 | 917 | 3,265 | 4,662 | 1,826 | 2,691 | 1,444 | 3,590 | 4,184 | 6,935 | 11,328 |
Where the assets sit
Sep '26 · ₹ crorePeer comparison
largest in Telecommunication · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Bharti Airtel Ltd. | 13,15,061 | 2,107.20 | 42.4 | 8.32 | 19.6% |
| Vodafone Idea Ltd. | 1,38,246 | 12.76 | 3.7 | — | — |
| Indus Towers Ltd. | 1,01,066 | 383.10 | 14.2 | 2.56 | 18.0% |
| Bharti Hexacom Ltd. | 83,220 | 1,664.40 | 42.3 | 11.38 | 26.9% |
| Tata Communications Ltd. | 48,602 | 1,704.80 | 44.0 | 14.29 | 32.5% |
| Sterlite Technologies Ltd. | 37,075 | 719.90 | 48.2 | 8.16 | 16.9% |
| HFCL Ltd. | 32,239 | 210.66 | 37.2 | 5.71 | 15.4% |
| ITI Ltd. | 23,961 | 248.85 | — | 12.57 | -5.9% |
| Tata Teleservices (Maharashtra) Ltd. | 7,775 | 39.77 | 26.0 | — | — |
| Railtel Corporation Of India Ltd. | 7,736 | 241.05 | 22.9 | 3.28 | 14.3% |
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
Long-term financials (FY12–FY12)
from published annual reports| Year | Revenue | Profit before tax | Net 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.