Shares of Bharti Airtel were trading lower at Rs 1,918.90, a decline of 2.32% in Friday's session. The stock is listed among the top losers on Nifty 50 as of 2:10 pm.
Recent Financial Performance
The following table presents the consolidated quarterly financial performance of Bharti Airtel:
| 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, which is an increase compared to previous quarters. The net profit for the quarter-ending March 2025 was Rs 12,418.10 Crore.
The following table presents the consolidated yearly financial performance of Bharti Airtel:
| 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 yearly revenue has increased from Rs 100,615.80 Crore in 2021 to Rs 172,985.20 Crore in 2025. Net profit has also seen a significant increase, from a loss of Rs 23,327.90 Crore in 2021 to a profit of Rs 33,778.30 Crore in 2025.
Yearly 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 |
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 [Excl. Reval Reserve]/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 |
As of March 2025, Bharti Airtel has a P/E ratio of 29.89 and a P/B ratio of 8.83. The debt-to-equity ratio for the year ending March 2025 was 1.30.
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.
Other key announcements include:
Moneycontrol analysis, as of yesterday, indicates a bullish sentiment for Bharti Airtel.
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