Bharti Airtel Ltd BHARTIARTL.NS · INR
Wireless Telecommunication Services · NSE · 🇮🇳 India
Nifty 50
2,072.10
-1.67%
Close of 9 Nov 2026, in INR
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At a glance
Figures in INR, from our data supplier.
Revenue
₹2.11trn
FY2017FY2026
Net income
₹266.95bn
FY2017FY2026
Free cash flow
₹755.15bn
FY2017FY2026
Shareholders' equity
₹1.49trn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.11trn | ₹1.73trn | ₹1.50trn | ₹1.39trn | ₹1.17trn | ₹1.01trn | ₹875.39bn | ₹807.80bn | ₹826.39bn | ₹954.68bn |
| Operating income | ₹678.27bn | ₹549.56bn | ₹369.66bn | ₹341.72bn | ₹253.12bn | ₹528.0m | ₹86.96bn | ₹73.45bn | ₹107.97bn | ₹143.87bn |
| Net income | ₹266.95bn | ₹335.56bn | ₹74.67bn | ₹83.46bn | ₹42.55bn | −₹150.84bn | −₹321.83bn | ₹4.09bn | ₹10.99bn | ₹38.00bn |
| Diluted earnings per share | 43.70 | 55.09 | 12.45 | 13.88 | 7.15 | -26.74 | -57.06 | 0.73 | 1.95 | 6.74 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹5.52trn | ₹5.14trn | ₹4.45trn | ₹4.47trn | ₹3.64trn | ₹3.46trn | ₹3.61trn | ₹2.75trn | ₹2.51trn | ₹2.33trn |
| Cash and short-term investments | — | ₹99.05bn | ₹109.85bn | ₹128.43bn | ₹91.89bn | ₹140.49bn | ₹273.34bn | ₹108.63bn | ₹118.98bn | ₹33.10bn |
| Total liabilities | ₹3.56trn | ₹3.61trn | ₹3.63trn | ₹3.69trn | ₹2.97trn | ₹2.87trn | ₹2.84trn | ₹2.04trn | ₹1.81trn | ₹1.66trn |
| Debt | ₹1.00trn | ₹2.14trn | ₹2.16trn | ₹2.26trn | ₹1.70trn | ₹1.63trn | ₹1.48trn | ₹1.25trn | ₹1.11trn | ₹1.07trn |
| Shareholders' equity | ₹1.49trn | ₹1.14trn | ₹820.19bn | ₹775.63bn | ₹665.54bn | ₹589.53bn | ₹771.45bn | ₹714.22bn | ₹695.34bn | ₹674.56bn |
| Shares outstanding | 6,109m | 6,091m | 5,996m | 6,014m | 5,954m | 5,641m | 5,641m | 5,641m | 5,641m | 5,641m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹1.22trn | ₹983.32bn | ₹788.98bn | ₹653.25bn | ₹550.17bn | ₹482.05bn | ₹181.29bn | ₹200.70bn | ₹298.54bn | ₹282.80bn |
| Capital spending | −₹467.14bn | −₹610.29bn | −₹522.06bn | −₹260.57bn | −₹265.41bn | −₹248.14bn | −₹191.90bn | −₹260.97bn | −₹245.26bn | −₹223.03bn |
| Free cash flow | ₹755.15bn | ₹373.04bn | ₹266.92bn | ₹392.68bn | ₹284.76bn | ₹233.91bn | −₹10.62bn | −₹60.27bn | ₹53.28bn | ₹59.77bn |
| Dividends paid | −₹113.28bn | −₹69.35bn | −₹41.84bn | −₹35.90bn | −₹14.44bn | −₹26.91bn | −₹18.26bn | −₹46.62bn | −₹32.65bn | −₹9.17bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹585.39bn | ₹553.83bn | ₹539.82bn | ₹521.45bn | ₹494.63bn | ₹478.76bn | ₹451.29bn | ₹414.73bn |
| Operating income | ₹190.68bn | ₹178.48bn | ₹171.06bn | ₹163.79bn | ₹153.74bn | ₹150.86bn | ₹204.38bn | ₹99.92bn |
| Net income | ₹81.67bn | ₹73.25bn | ₹66.31bn | ₹67.92bn | ₹59.48bn | ₹110.22bn | ₹147.81bn | ₹35.93bn |
| Diluted earnings per share | 13.37 | 11.99 | 10.88 | 11.15 | 9.76 | 18.09 | 24.65 | 5.99 |
| Cash from operations | ₹336.35bn | ₹286.34bn | ₹327.04bn | ₹608.91bn | ₹306.90bn | ₹983.32bn | ₹724.62bn | ₹467.34bn |
| Capital spending | −₹142.13bn | −₹124.39bn | −₹112.34bn | −₹227.28bn | −₹113.40bn | −₹610.29bn | −₹439.98bn | −₹321.68bn |
| Free cash flow | ₹194.22bn | ₹161.95bn | ₹214.70bn | ₹381.63bn | ₹193.49bn | ₹373.04bn | ₹284.63bn | ₹145.66bn |
| Total assets | ₹5.72trn | ₹5.52trn | ₹5.29trn | ₹5.24trn | ₹5.15trn | ₹5.14trn | ₹5.01trn | ₹4.61trn |
| Cash and short-term investments | — | — | ₹569.83bn | ₹519.81bn | ₹490.85bn | ₹451.39bn | ₹433.17bn | ₹371.81bn |
| Debt | ₹1.64trn | ₹1.00trn | ₹1.67trn | ₹1.66trn | ₹1.64trn | ₹1.61trn | ₹1.69trn | ₹1.86trn |
| Shareholders' equity | ₹1.62trn | ₹1.49trn | ₹1.25trn | ₹1.18trn | ₹1.20trn | ₹1.14trn | ₹1.04trn | ₹870.97bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.9% | 16.0% | 8.1% |
| Operating income | 25.7% | 318.6% | 13.7% |
| Net income | 47.3% | — | 16.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 32.0% | 28.8% | 24.6% | 20.9% |
| Net margin | 15.7% | 11.3% | 7.3% | 3.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 47.1 | 38.3 | 127.5 | 74.4 | 112.8 | -25.6 | -8.8 | — | 144.4 | 71.0 |
| Price to sales | 6.0 | 7.4 | 6.3 | 4.5 | 4.1 | 3.8 | 3.2 | 3.1 | 1.9 | 2.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 24 Jul 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 24.00 | 16.00 | 8.00 | 4.00 | 3.00 | 1.963 | 4.505 | 3.46 |
- 2-for-1 split · 24 Jul 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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