Bharti Airtel shares were trading at Rs 1,852.10 on the NSE, a decline of 0.35 percent in early trade.
Financial Snapshot
The following table summarizes the key consolidated financial figures for Bharti Airtel:
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 38,506.40 Crore | Rs 41,473.30 Crore | Rs 45,129.30 Crore | Rs 47,876.20 Crore | Rs 49,462.60 Crore |
| Net Profit | Rs 3,805.80 Crore | Rs 3,079.50 Crore | Rs 14,474.90 Crore | Rs 12,418.10 Crore | Rs 7,339.00 Crore |
| EPS | 7.21 | 6.21 | 25.54 | 19.02 | 10.26 |
The company has shown consistent revenue growth over the quarters. Specifically, the revenue increased from Rs 38,506.40 Crore in June 2024 to Rs 49,462.60 Crore in June 2025. The net profit, however, experienced fluctuations, with a significant increase in December 2024 and March 2025 before declining in June 2025.
Annual Financial Performance
The table below presents Bharti Airtel's key consolidated financial data on an annual basis:
| 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 | -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 | 226.16 |
| ROE | -25.58 | 6.39 | 9.19 | 7.39 | 25.58 |
| Debt to Equity | 2.20 | 2.00 | 1.82 | 1.50 | 1.13 |
The annual revenue has steadily increased from Rs 100,615.80 Crore in 2021 to Rs 172,985.20 Crore in 2025. Notably, the company moved from a net loss of Rs 23,327.90 Crore in 2021 to a net profit of Rs 33,778.30 Crore in 2025. The Debt to Equity ratio has also improved, decreasing from 2.20 in 2021 to 1.13 in 2025.
Income Statement - Yearly (Consolidated)
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | 172,985 | 149,982 | 139,144 | 116,546 | 100,615 |
| Other Income | 1,573 | 1,435 | 936 | 534 | 642 |
| Total Income | 174,558 | 151,417 | 140,081 | 117,081 | 101,258 |
| Total Expenditure | 118,109 | 118,800 | 104,972 | 90,405 | 100,563 |
| EBIT | 56,449 | 32,617 | 35,108 | 26,676 | 695 |
| Interest | 21,753 | 22,647 | 19,299 | 16,616 | 15,091 |
| Tax | 917 | 4,121 | 4,273 | 4,177 | 8,932 |
| Net Profit | 33,778 | 5,848 | 11,535 | 5,882 | -23,327 |
Income Statement - Quarterly (Consolidated)
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | 49,462 | 47,876 | 45,129 | 41,473 | 38,506 |
| Other Income | 508 | 485 | 469 | 254 | 363 |
| Total Income | 49,971 | 48,362 | 45,599 | 41,728 | 38,869 |
| Total Expenditure | 34,089 | 33,333 | 24,691 | 31,480 | 28,603 |
| EBIT | 15,882 | 15,028 | 20,907 | 10,247 | 10,266 |
| Interest | 5,460 | 5,502 | 5,675 | 5,423 | 5,152 |
| Tax | 3,082 | -2,891 | 757 | 1,744 | 1,307 |
| Net Profit | 7,339 | 12,418 | 14,474 | 3,079 | 3,805 |
Cash Flow
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | 98,332 | 78,898 | 65,324 | 55,016 | 48,205 |
| Investing Activities | -60,269 | -50,203 | -39,080 | -41,869 | -26,888 |
| Financing Activities | -36,533 | -27,778 | -24,469 | -15,203 | -24,910 |
| Others | 71 | -885 | -152 | 391 | -397 |
| Net Cash Flow | 1,600 | 30 | 1,622 | -1,664 | -3,990 |
Balance Sheet
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | 2,900 | 2,876 | 2,836 | 2,795 | 2,746 |
| Reserves & Surplus | 128,275 | 97,870 | 87,783 | 63,759 | 56,206 |
| Current Liabilities | 180,440 | 138,667 | 121,963 | 114,026 | 111,635 |
| Other Liabilities | 202,744 | 205,116 | 234,049 | 183,075 | 175,439 |
| Total Liabilities | 514,360 | 444,531 | 446,633 | 363,656 | 346,027 |
| Fixed Assets | 347,769 | 293,705 | 293,045 | 216,206 | 196,299 |
| Current Assets | 67,588 | 58,276 | 57,501 | 52,027 | 54,752 |
| Other Assets | 99,001 | 92,549 | 96,086 | 95,421 | 94,975 |
| Total Assets | 514,360 | 444,531 | 446,633 | 363,656 | 346,027 |
| Contingent Liabilities | 34,766 | 33,691 | 41,262 | 28,283 | 35,592 |
Key Financial Ratios
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 58.00 | 13.09 | 14.80 | 7.67 | -27.65 |
| Diluted Eps (Rs.) | 56.04 | 12.80 | 14.57 | 7.63 | -27.65 |
| Book Value [Excl. Reval Reserve]/Share (Rs.) | 226.16 | 216.40 | 210.95 | 164.46 | 147.90 |
| Dividend/Share (Rs.) | 16.00 | 8.00 | 4.00 | 3.00 | 0.00 |
| Face Value | 5 | 5 | 5 | 5 | 5 |
| Gross Profit Margin (%) | 54.76 | 53.15 | 51.89 | 49.82 | 45.73 |
| Operating Margin (%) | 28.42 | 26.79 | 25.71 | 21.43 | 16.50 |
| Net Profit Margin (%) | 19.52 | 3.89 | 8.29 | 5.04 | -12.19 |
| Return on Networth / Equity (%) | 25.58 | 7.39 | 9.19 | 6.39 | -25.58 |
| ROCE (%) | 14.72 | 13.13 | 11.01 | 10.00 | 7.08 |
| Return On Assets (%) | 6.52 | 1.67 | 1.86 | 1.17 | -4.35 |
| Current Ratio (X) | 0.37 | 0.42 | 0.47 | 0.46 | 0.49 |
| Quick Ratio (X) | 0.37 | 0.42 | 0.47 | 0.45 | 0.49 |
| Debt to Equity (x) | 1.13 | 1.50 | 1.82 | 2.00 | 2.20 |
| Interest Coverage Ratios (X) | 4.35 | 3.52 | 3.74 | 3.49 | 1.10 |
| Asset Turnover Ratio (%) | 0.36 | 0.34 | 0.24 | 0.22 | 29.07 |
| Inventory Turnover Ratio (X) | 424.19 | 0.00 | 0.00 | 0.00 | 378.25 |
| 3 Yr CAGR Sales (%) | 21.83 | 22.09 | 26.08 | 20.12 | 9.65 |
| 3 Yr CAGR Net Profit (%) | 139.64 | -49.93 | -39.31 | 110.15 | 355.85 |
| P/E (x) | 29.89 | 93.86 | 50.61 | 98.43 | -18.36 |
| P/B (x) | 7.65 | 7.00 | 4.68 | 6.34 | 4.82 |
| EV/EBITDA (x) | 12.41 | 10.86 | 8.39 | 9.77 | 9.19 |
| P/S (x) | 5.80 | 4.71 | 3.05 | 3.62 | 2.82 |
Corporate Actions
Bharti Airtel announced a final dividend of Rs 16 per share (320%) on May 13, 2025, with an effective date of July 18, 2025. Earlier dividends include:
Bharti Airtel had a rights issue announced on August 29, 2021, with a ratio of 1:14, a face value of Rs 5, and a premium of Rs 530. The ex-rights date was September 27, 2021. Another rights issue was announced on February 28, 2019, with a ratio of 19:67, a face value of Rs 5, and a premium of Rs 215; the ex-rights date was April 23, 2019.
Bharti Airtel had a stock split announced on April 29, 2009, where the old face value of Rs 10 was split into a new face value of Rs 5. The ex-split date was July 24, 2009.
Overall, Bharti Airtel's stock shows a slight decline in early trading. The company’s financial performance indicates robust growth in revenue and a significant turnaround in net profitability.
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