Bharti AirtelNSE: BHARTIARTLBSE: 532454Telecommunication · Telecom - Cellular & Fixed line services

₹1,972.0015.20 (0.78%)

Mkt Cap: ₹12.01 L Cr.
P/E (TTM): 44.65
Open: ₹1,969.00
Day's Range: ₹1,947.40 – ₹1,976.40
52W Range: ₹1,740.50 – ₹2,174.50
Div Yield: 1.23%
EPS (TTM): ₹44.46
Book Value: ₹244.78

Bharti Airtel Financial Statements

Name: Bharti Airtel Financials — historical data
Creator: StockeZee

For Mar 2026, Bharti Airtel reported revenue of ₹2,10,973 crore and net profit of ₹26,695 crore. Return on equity stands at 20.30%. Profit & loss, balance sheet and cash flow across 8 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 50 constituent

Latest year revenue: ₹2,10,973 Cr
EBITDA: ₹1,19,675 Cr
Operating margin: 56.73%
Profit after tax: ₹26,695 Cr
Net margin: 12.65%
EPS: ₹43.8
Latest year: Mar 2026
Years reported: 8

Bharti Airtel profit & loss

Reported annual performance for Bharti Airtel, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Bharti Airtel annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	80,780	87,539	1,00,616	1,16,547	1,39,145	1,49,982	1,72,985	2,10,973
Sales Growth YoY %	—	8.37%	14.94%	15.83%	19.39%	7.79%	15.34%	21.96%
Other Income	291	325	643	534	937	1,435	1,574	2,817
Total Income	81,071	87,864	1,01,259	1,17,081	1,40,081	1,51,418	1,74,559	2,13,790
Gross Profit	80,780	87,539	1,00,616	1,16,547	1,39,145	1,49,982	1,72,985	2,10,973
Gross Margin %	100%	100%	100%	100%	100%	100%	100%	100%
Total Operating Expenses	54,961	51,057	55,244	59,013	67,871	71,691	79,826	91,298
Employee Benefit Expense	3,798	3,807	4,115	4,433	4,831	5,323	6,309	7,581
Other Expenses	51,164	47,250	51,130	54,580	63,041	66,368	73,517	83,717
EBITDA	25,819	36,482	45,372	57,534	71,274	78,292	93,159	1,19,675
OPM %	31.96%	41.68%	45.09%	49.37%	51.22%	52.2%	53.85%	56.73%
Total Non-Operating Expenses	34,055	-163	28,581	51,406	55,062	54,613	74,611	70,849
Depreciation & Amortisation	21,348	27,690	29,404	33,091	36,432	39,538	45,570	52,711
Finance Costs	9,779	12,382	15,091	16,616	19,300	22,648	21,754	21,555
Exceptional Items (Before Tax)	2,929	-40,234	-15,915	1,699	-670	-7,572	7,287	-3,418
Profit Before Tax (PBT)	-2,087	-43,499	-14,395	10,060	15,809	9,970	34,696	44,808
Tax Expense	-3,419	-12,182	8,933	4,178	4,273	4,121	917	11,350
Current Tax	1,939	2,374	2,058	3,033	3,483	4,150	4,112	7,881
Deferred Tax	-5,358	-14,556	6,874	1,145	790	-29	-3,195	3,469
Effective Tax %	163.81%	28.01%	-62.05%	41.53%	27.03%	41.34%	2.64%	25.33%
Profit/Loss from Discontinued Operations	0	0	11,057	0	0	0	0	0
Total Profit for Period	1,688	-30,664	-12,364	8,305	12,287	8,558	37,481	33,823
Less: Non-controlling Interests	1,278	1,519	2,720	4,050	3,942	1,091	3,925	7,128
Net Profit (Owner's PAT)	410	-32,183	-15,084	4,255	8,346	7,467	33,556	26,695
Net Profit Margin %	0.51%	-36.76%	-14.99%	3.65%	6%	4.98%	19.4%	12.65%
PAT Growth YoY %	—	-7,959.15%	53.13%	128.21%	96.15%	-10.53%	349.39%	-20.45%
Earnings Per Share (EPS)	₹0.74	₹-55.06	₹-25.63	₹7.23	₹13.99	₹12.35	₹55.06	₹43.8
Diluted Shares Outstanding (Cr.)	550	585	588	588	597	605	609	609
Profit/Loss from Associates	356	652	-93	2,423	752	2,709	3,703	365
Other Comprehensive Income (Net of Tax)	-1,297	-348	-1,649	256	-2,152	-9,998	2,569	5,575
Expenses	83,159	1,31,363	1,15,654	1,07,021	1,24,273	1,41,448	1,39,863	1,68,982
Material Cost %	0%	0%	0%	0%	0%	0%	0%	0%
Employee Cost %	4.7%	4.35%	4.09%	3.8%	3.47%	3.55%	3.65%	3.59%
Other Cost %	63.34%	53.98%	50.82%	46.83%	45.31%	44.25%	42.5%	39.68%
Interest Coverage (x)	0.46	0.71	1.06	1.47	1.81	1.71	2.19	3.11

Bharti Airtel revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Bharti Airtel balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Bharti Airtel annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	84,948	1,02,130	81,227	91,935	1,06,444	1,05,564	1,53,468	1,95,963
Equity Share Capital	1,999	2,728	2,746	2,795	2,837	2,877	2,900	3,047
Reserves & Surplus	69,424	74,417	56,207	63,759	74,726	79,142	1,10,772	1,46,010
Equity Method Investments	8,894	9,681	23,435	28,427	28,184	31,240	3,642	4,062
Total Equity	84,948	1,02,130	81,227	91,935	1,06,444	1,05,564	1,53,468	1,95,963
Non-Current Liabilities	97,195	1,27,162	1,53,165	1,57,695	2,18,225	2,00,299	1,80,453	1,81,683
Long-term Borrowings	87,245	91,079	1,10,560	1,13,535	1,51,569	1,30,963	1,04,864	1,00,085
Deferred Tax Liabilities	1,130	1,688	1,611	2,449	2,076	2,512	9,355	6,779
Non-Current Provisions	682	755	502	464	474	544	3,040	3,519
Other Non-Current Liabilities	1,842	2,503	3,144	3,162	3,193	3,561	3,660	4,168
Non-Current Financial Liabilities	93,541	1,22,216	1,47,908	1,51,620	2,12,482	1,93,682	1,64,398	1,67,217
Current Liabilities	93,055	1,31,488	1,11,498	1,14,026	1,21,964	1,38,668	1,80,440	1,74,506
Short-term Borrowings	38,183	26,540	19,230	19,380	13,976	20,954	43,449	21,587
Trade Payables	28,003	25,020	27,872	29,274	32,895	35,133	38,154	45,015
Current Financial Liabilities	83,441	74,693	75,207	75,902	80,824	92,401	1,24,756	1,16,900
Other Current Financial Liabilities	17,255	23,134	28,105	27,248	33,953	36,315	43,154	50,298
Other Current Liabilities	8,572	10,333	11,255	11,707	13,614	14,635	17,525	18,683
Current Provisions	220	45,109	23,516	24,345	25,729	28,328	36,155	35,783
Liabilities Held for Sale	—	—	138	—	—	—	—	—
Current Tax Liabilities	823	1,352	1,520	2,073	1,797	3,303	2,004	3,140
Total Liabilities	1,90,250	2,58,650	2,64,801	2,71,721	3,40,189	3,38,967	3,60,893	3,56,188
Total Non-Current Assets	2,42,292	2,84,136	2,91,275	3,11,628	3,89,132	3,86,255	4,46,772	4,61,936
Property, Plant & Equipment (PPE)	81,523	1,13,662	1,14,616	1,22,801	1,49,871	1,62,549	2,03,514	2,24,390
Capital Work-in-Progress	8,843	3,997	4,367	4,239	11,029	8,908	10,596	12,613
Intangible Assets	86,053	80,974	75,957	87,451	93,749	1,14,253	1,33,257	1,25,260
Non-Current Investments	2,194	2,028	38	61	66	92	544	1,139
Loans – Non-Current	—	—	—	—	—	—	87	—
Other Non-Current Assets	9,522	9,527	16,170	10,904	12,430	12,629	14,162	14,495
Non-Current Financial Assets	4,473	4,374	2,378	2,334	2,747	2,935	4,590	4,963
Net Fixed Assets	1,76,419	1,98,634	1,94,940	2,14,491	2,54,649	2,85,709	3,47,367	3,62,264
Total Current Assets	32,906	76,643	54,529	52,028	57,501	58,276	67,589	90,158
Inventories	88	157	266	375	258	364	452	601
Trade Receivables	4,301	4,606	3,638	4,056	3,982	4,728	7,456	7,978
Cash & Cash Equivalents	6,212	13,551	8,086	6,096	7,179	6,916	6,106	13,722
Current Investments	4,623	13,768	4,078	861	4,705	270	1,653	13,701
Current Financial Assets	19,106	55,598	40,427	39,938	44,319	46,408	52,676	76,985
Other Current Assets	13,711	20,888	13,836	11,715	12,924	11,504	14,461	12,572
Other Current Financial Assets	2,077	21,332	19,245	21,526	22,215	25,071	26,848	24,930
Assets Held for Sale	—	—	224	—	—	—	—	57
Net Working Capital	-60,149	-54,844	-56,970	-61,998	-64,463	-80,392	-1,12,851	-84,348
Additional Asset Fields	22,464	52,001	42,360	45,306	47,833	42,788	64,707	66,048
Def Tax Assets	8,938	27,016	20,086	19,925	18,952	19,243	24,911	19,141
Non Controlling Int	13,526	24,985	22,274	25,381	28,881	23,545	39,796	46,907
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
Total Borrowings	1,25,428	1,17,619	1,29,790	1,32,915	1,65,545	1,51,917	1,48,312	1,21,671
Net Debt	1,19,216	1,04,068	1,21,704	1,26,819	1,58,365	1,45,001	1,42,207	1,07,949
Debt to Equity (x)	1.48	1.15	1.6	1.45	1.56	1.44	0.97	0.62
Current Ratio (x)	0.35	0.58	0.49	0.46	0.47	0.42	0.37	0.52

Bharti Airtel cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Bharti Airtel annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	55,017	65,325	78,898	98,332	1,22,230
Profit Before Tax	10,060	15,809	9,970	34,696	44,808
Depreciation & Amortisation	33,091	36,432	39,538	45,570	52,711
Finance Costs	16,524	18,843	21,934	21,626	21,449
Working Capital Changes	-1,447	-3,112	2,414	8,381	7,204
Tax Paid	-2,175	-3,792	-2,881	-4,438	-6,284
Net Cash from Investing Activities	-41,870	-39,080	-50,204	-60,270	-58,535
Purchase of PPE	-26,541	-26,057	-38,192	-37,908	-45,176
Sale of Fixed Assets	2,384	89	123	338	1,168
Interest Received	405	351	567	424	409
Net Cash from Financing Activities	-15,203	-24,470	-27,779	-36,533	-52,293
Proceeds from Borrowings	25,479	13,608	8,264	27,252	14,013
Repayment of Borrowings	-27,356	-24,920	-10,080	-17,859	-46,486
Interest Paid	-13,159	-6,689	-14,026	-17,548	-14,888
Dividend Paid	-1,444	-3,590	-4,185	-6,935	-11,328
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	-7,643	-7,599	-7,855	-7,154	-6,720
Net Change in Cash	-1,664	1,623	31	1,601	13,732
Effect of Foreign Exchange Changes	392	-152	-885	72	2,329
Free Cash Flow	28,476	39,268	40,707	60,425	77,054
CFO / PBT (x)	5.47	4.13	7.91	2.83	2.73

Bharti Airtel key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Bharti Airtel valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	44.65
Forward P/E	Valuation	23.36
P/B	Valuation	8
PEG (TTM)	Valuation	0.92
EV / EBITDA (TTM)	Valuation	11.32
P/S (TTM)	Valuation	5.79
Operating margin	Profitability	55.2%
Net margin (TTM)	Profitability	14.96%
Return on equity	Return ratios	20.3%
Return on capital employed	Return ratios	17.6%
Return on assets	Return ratios	7.85%
Debt to equity	Leverage & liquidity	1.31
Beta	Leverage & liquidity	0.81
EPS (TTM)	Per share	₹44.46
Book value	Per share	₹244.78
Revenue / share (TTM)	Per share	₹339.38
Cash flow / share	Per share	₹200.69
Dividend yield	Shareholder returns	1.23%
Dividend payout (TTM)	Shareholder returns	36.06%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Bharti Airtel: frequently asked questions

What is Bharti Airtel's annual revenue?

Bharti Airtel reported revenue of ₹2,10,973 crore in Mar 2026, up 22.0% on the previous financial year.

Is Bharti Airtel profitable?

Bharti Airtel reported a net profit of ₹26,695 crore in Mar 2026, down 20.4% on the previous financial year.

What is Bharti Airtel's EPS?

Bharti Airtel reported earnings per share of ₹43.8 for Mar 2026.

What is Bharti Airtel's operating margin?

Bharti Airtel's operating margin for Mar 2026 was 56.73%.

What is Bharti Airtel's return on equity?

Bharti Airtel's return on equity stands at 20.30%. ROE measures profit generated per rupee of shareholder equity.

How many years of Bharti Airtel financials are shown?

8 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about Bharti Airtel Ltd (BHARTIARTL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.