Shares of Bharti Airtel were trading higher at Rs 1,946.80, a 0.29% increase from the previous close, with over 19.6 lakh shares traded on the NSE as of 10:20 am on Friday. Bharti Airtel is included as one of the stocks in the benchmark Nifty 50 index.
Bharti Airtel's Financial Performance
Here is a summary of Bharti Airtel's financial performance based on the provided data:
Consolidated Quarterly Results
The following table presents the consolidated quarterly results for key financial metrics:
| 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, with revenue increasing from Rs 38,506.40 Crore in June 2024 to Rs 49,462.60 Crore in June 2025. However, net profit has fluctuated, with a significant increase in December 2024 and March 2025 before decreasing in June 2025.
Consolidated Yearly Results
The following table presents the consolidated yearly results for key financial metrics:
| 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 | 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 data reveals a strong turnaround in net profit for the year ending March 2025, which stood at Rs 33,778.30 Crore compared to Rs 5,848.60 Crore in the previous year. Revenue has also consistently increased year-over-year. The Debt to Equity ratio has improved from 2.20 in 2021 to 1.13 in 2025.
Annual Income Statement
The following table provides a summary of the consolidated 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 |
The sales increased by 15.34 percent in March 2025 compared to March 2024, from Rs 149,982 Crore to Rs 172,985 Crore. The net profit also significantly increased, showing a substantial improvement in profitability.
Quarterly Income Statement
The following table provides a summary of the consolidated quarterly Income Statement:
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 49,462 Crore | Rs 47,876 Crore | Rs 45,129 Crore | Rs 41,473 Crore | Rs 38,506 Crore |
| Other Income | Rs 508 Crore | Rs 485 Crore | Rs 469 Crore | Rs 254 Crore | Rs 363 Crore |
| Total Income | Rs 49,971 Crore | Rs 48,362 Crore | Rs 45,599 Crore | Rs 41,728 Crore | Rs 38,869 Crore |
| Total Expenditure | Rs 34,089 Crore | Rs 33,333 Crore | Rs 24,691 Crore | Rs 31,480 Crore | Rs 28,603 Crore |
| EBIT | Rs 15,882 Crore | Rs 15,028 Crore | Rs 20,907 Crore | Rs 10,247 Crore | Rs 10,266 Crore |
| Interest | Rs 5,460 Crore | Rs 5,502 Crore | Rs 5,675 Crore | Rs 5,423 Crore | Rs 5,152 Crore |
| Tax | Rs 3,082 Crore | -Rs 2,891 Crore | Rs 757 Crore | Rs 1,744 Crore | Rs 1,307 Crore |
| Net Profit | Rs 7,339 Crore | Rs 12,418 Crore | Rs 14,474 Crore | Rs 3,079 Crore | Rs 3,805 Crore |
The most recent quarter, June 2025, shows sales of Rs 49,462 Crore and a net profit of Rs 7,339 Crore. This indicates a continued growth trend in sales, although net profit has decreased compared to the previous two quarters.
Cash Flow
The following table presents the consolidated yearly cash flow data:
| 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
The following table presents the consolidated yearly balance sheet data:
| 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 128,275 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 202,744 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 34,766 Crore | Rs 33,691 Crore | Rs 41,262 Crore | Rs 28,283 Crore | Rs 35,592 Crore |
Financial Ratios
Key financial ratios for Bharti Airtel are as follows:
| 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 | 226.16 |
| 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 (%) | -25.58 | 6.39 | 9.19 | 7.39 | 25.58 |
| 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 | 1.13 |
| Interest Coverage (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 | 424.19 |
| 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 | 7.65 |
| 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 |
Corporate Actions
Bharti Airtel announced a final dividend of Rs 16 per share (320%) with the effective date as July 18, 2025. Earlier dividends include Rs 8 per share in 2024, Rs 4 per share in 2023, Rs 3 per share in 2022, and Rs 2 per share in 2020.The company had a stock split on July 24, 2009, where the face value changed from Rs 10 to Rs 5.
Bharti Airtel had a rights issue with exrights_date as September 27, 2021, with existing ratio of 14 and offered ratio of 1, face value of Rs 5 and premium of Rs 530.
Bharti Airtel had a rights issue with exrights_date as April 23, 2019, with existing ratio of 67 and offered ratio of 19, face value of Rs 5 and premium of Rs 215.
The sentiment analysis for Bharti Airtel was neutral as of September 12, 2025, according to Moneycontrol analysis.
With the stock's last traded price at Rs 1,946.80, Bharti Airtel continues to be a key player in the Nifty 50 index.
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