Shares of Bharti Airtel declined by 2.44% to Rs 1,970.50 in Thursday's trading session. This decline reflects a decrease of Rs 49.20 from its previous close, as of 2:00 pm.
Financial Overview
The following tables provide a detailed look at Bharti Airtel's financial performance:
Consolidated Quarterly Results:
| Heading | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 37,599.10 Crore | Rs 38,506.40 Crore | Rs 41,473.30 Crore | Rs 45,129.30 Crore | Rs 47,876.20 Crore |
| Net Profit | Rs 1,237.90 Crore | Rs 3,805.80 Crore | Rs 3,079.50 Crore | Rs 14,474.90 Crore | Rs 12,418.10 Crore |
| EPS | 3.61 | 7.21 | 6.21 | 25.54 | 19.02 |
The revenue for the quarter ending March 2025 stood at Rs 47,876.20 Crore, an increase compared to Rs 37,599.10 Crore in March 2024. The net profit for the quarter ending March 2025 was Rs 12,418.10 Crore, significantly higher than the Rs 1,237.90 Crore reported in March 2024.
Consolidated Yearly Results:
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 100,615.80 Crore | Rs 116,546.90 Crore | Rs 139,144.80 Crore | Rs 149,982.40 Crore | Rs 172,985.20 Crore |
| Net Profit | Rs -23,327.90 Crore | Rs 5,882.00 Crore | Rs 11,535.30 Crore | Rs 5,848.60 Crore | Rs 33,778.30 Crore |
| EPS | -27.65 | 7.67 | 14.80 | 13.09 | 58.00 |
| BVPS | 147.90 | 164.46 | 210.95 | 216.40 | 195.98 |
| ROE | -25.58 | 6.39 | 9.19 | 7.39 | 29.52 |
| Debt to Equity | 2.20 | 2.00 | 1.82 | 1.50 | 1.30 |
The annual revenue for 2025 increased to Rs 172,985.20 Crore compared to Rs 149,982.40 Crore in 2024. The net profit for 2025 was Rs 33,778.30 Crore, a significant rise from Rs 5,848.60 Crore in 2024.
Annual Income Statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | Rs 172,985 Crore | Rs 149,982 Crore | Rs 139,144 Crore | Rs 116,546 Crore | Rs 100,615 Crore |
| Other Income | Rs 1,573 Crore | Rs 1,435 Crore | Rs 936 Crore | Rs 534 Crore | Rs 642 Crore |
| Total Income | Rs 174,558 Crore | Rs 151,417 Crore | Rs 140,081 Crore | Rs 117,081 Crore | Rs 101,258 Crore |
| Total Expenditure | Rs 118,109 Crore | Rs 118,800 Crore | Rs 104,972 Crore | Rs 90,405 Crore | Rs 100,563 Crore |
| EBIT | Rs 56,449 Crore | Rs 32,617 Crore | Rs 35,108 Crore | Rs 26,676 Crore | Rs 695 Crore |
| Interest | Rs 21,753 Crore | Rs 22,647 Crore | Rs 19,299 Crore | Rs 16,616 Crore | Rs 15,091 Crore |
| Tax | Rs 917 Crore | Rs 4,121 Crore | Rs 4,273 Crore | Rs 4,177 Crore | Rs 8,932 Crore |
| Net Profit | Rs 33,778 Crore | Rs 5,848 Crore | Rs 11,535 Crore | Rs 5,882 Crore | Rs -23,327 Crore |
Quarterly Income Statement:
| Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 47,876 Crore | Rs 45,129 Crore | Rs 41,473 Crore | Rs 38,506 Crore | Rs 37,599 Crore |
| Other Income | Rs 485 Crore | Rs 469 Crore | Rs 254 Crore | Rs 363 Crore | Rs 316 Crore |
| Total Income | Rs 48,362 Crore | Rs 45,599 Crore | Rs 41,728 Crore | Rs 38,869 Crore | Rs 37,916 Crore |
| Total Expenditure | Rs 33,333 Crore | Rs 24,691 Crore | Rs 31,480 Crore | Rs 28,603 Crore | Rs 30,765 Crore |
| EBIT | Rs 15,028 Crore | Rs 20,907 Crore | Rs 10,247 Crore | Rs 10,266 Crore | Rs 7,151 Crore |
| Interest | Rs 5,502 Crore | Rs 5,675 Crore | Rs 5,423 Crore | Rs 5,152 Crore | Rs 5,203 Crore |
| Tax | Rs -2,891 Crore | Rs 757 Crore | Rs 1,744 Crore | Rs 1,307 Crore | Rs 709 Crore |
| Net Profit | Rs 12,418 Crore | Rs 14,474 Crore | Rs 3,079 Crore | Rs 3,805 Crore | Rs 1,237 Crore |
Cash Flow:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 98,332 Crore | Rs 78,898 Crore | Rs 65,324 Crore | Rs 55,016 Crore | Rs 48,205 Crore |
| Investing Activities | Rs -60,269 Crore | Rs -50,203 Crore | Rs -39,080 Crore | Rs -41,869 Crore | Rs -26,888 Crore |
| Financing Activities | Rs -36,533 Crore | Rs -27,778 Crore | Rs -24,469 Crore | Rs -15,203 Crore | Rs -24,910 Crore |
| Others | Rs 71 Crore | Rs -885 Crore | Rs -152 Crore | Rs 391 Crore | Rs -397 Crore |
| Net Cash Flow | Rs 1,600 Crore | Rs 30 Crore | Rs 1,622 Crore | Rs -1,664 Crore | Rs -3,990 Crore |
Balance Sheet:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | Rs 2,900 Crore | Rs 2,876 Crore | Rs 2,836 Crore | Rs 2,795 Crore | Rs 2,746 Crore |
| Reserves & Surplus | Rs 110,771 Crore | Rs 97,870 Crore | Rs 87,783 Crore | Rs 63,759 Crore | Rs 56,206 Crore |
| Current Liabilities | Rs 180,440 Crore | Rs 138,667 Crore | Rs 121,963 Crore | Rs 114,026 Crore | Rs 111,635 Crore |
| Other Liabilities | Rs 220,248 Crore | Rs 205,116 Crore | Rs 234,049 Crore | Rs 183,075 Crore | Rs 175,439 Crore |
| Total Liabilities | Rs 514,360 Crore | Rs 444,531 Crore | Rs 446,633 Crore | Rs 363,656 Crore | Rs 346,027 Crore |
| Fixed Assets | Rs 347,769 Crore | Rs 293,705 Crore | Rs 293,045 Crore | Rs 216,206 Crore | Rs 196,299 Crore |
| Current Assets | Rs 67,588 Crore | Rs 58,276 Crore | Rs 57,501 Crore | Rs 52,027 Crore | Rs 54,752 Crore |
| Other Assets | Rs 99,001 Crore | Rs 92,549 Crore | Rs 96,086 Crore | Rs 95,421 Crore | Rs 94,975 Crore |
| Total Assets | Rs 514,360 Crore | Rs 444,531 Crore | Rs 446,633 Crore | Rs 363,656 Crore | Rs 346,027 Crore |
| Contingent Liabilities | Rs 0 Crore | Rs 33,691 Crore | Rs 41,262 Crore | Rs 28,283 Crore | Rs 35,592 Crore |
Key Financial Ratios:
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | -27.65 | 7.67 | 14.80 | 13.09 | 58.00 |
| Diluted EPS (Rs.) | -27.65 | 7.63 | 14.57 | 12.80 | 56.04 |
| Book Value / Share (Rs.) | 147.90 | 164.46 | 210.95 | 216.40 | 195.98 |
| Dividend / Share (Rs.) | 0.00 | 3.00 | 4.00 | 8.00 | 16.00 |
| Face Value | 5 | 5 | 5 | 5 | 5 |
| Gross Profit Margin (%) | 45.73 | 49.82 | 51.89 | 53.15 | 54.76 |
| Operating Margin (%) | 16.50 | 21.43 | 25.71 | 26.79 | 28.42 |
| Net Profit Margin (%) | -12.19 | 5.04 | 8.29 | 3.89 | 19.52 |
| Return on Networth / Equity (%) | -25.58 | 6.39 | 9.19 | 7.39 | 29.52 |
| ROCE (%) | 7.08 | 10.00 | 11.01 | 13.13 | 14.72 |
| Return On Assets (%) | -4.35 | 1.17 | 1.86 | 1.67 | 6.52 |
| Current Ratio (X) | 0.49 | 0.46 | 0.47 | 0.42 | 0.37 |
| Quick Ratio (X) | 0.49 | 0.45 | 0.47 | 0.42 | 0.37 |
| Debt to Equity (x) | 2.20 | 2.00 | 1.82 | 1.50 | 1.30 |
| Interest Coverage Ratios (X) | 1.10 | 3.49 | 3.74 | 3.52 | 4.35 |
| Asset Turnover Ratio (%) | 29.07 | 0.22 | 0.24 | 0.34 | 0.36 |
| Inventory Turnover Ratio (X) | 378.25 | 0.00 | 0.00 | 0.00 | 0.00 |
| 3 Yr CAGR Sales (%) | 9.65 | 20.12 | 26.08 | 22.09 | 21.83 |
| 3 Yr CAGR Net Profit (%) | 355.85 | 110.15 | -39.31 | -49.93 | 139.64 |
| P/E (x) | -18.36 | 98.43 | 50.61 | 93.86 | 29.89 |
| P/B (x) | 4.82 | 6.34 | 4.68 | 7.00 | 8.83 |
| EV/EBITDA (x) | 9.19 | 9.77 | 8.39 | 10.86 | 12.41 |
| P/S (x) | 2.82 | 3.62 | 3.05 | 4.71 | 5.80 |
The debt-to-equity ratio has decreased from 2.20 in March 2021 to 1.30 in March 2025. The P/E ratio stands at 29.89, and the P/B ratio is 8.83.
Corporate Actions
Bharti Airtel has announced a final dividend of Rs 16 per share (320%) with an effective date of July 18, 2025. Earlier dividends include Rs 8 per share in 2024, Rs 4 per share in 2023, and Rs 3 per share in 2022.
Recent announcements include the incorporation of a step-down wholly owned subsidiary, as disclosed under Regulation 30 of SEBI. Additionally, Bharti Airtel has chosen Ericsson core for Fixed Wireless Access, according to a press release dated July 09, 2025.
Moneycontrol analysis indicates a bullish sentiment on the stock.
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