Bharti Airtel Ltd.

BSE: BHARTIARTL532454ISIN INE397D01024

Telecommunication
Telecom - Cellular & Fixed line services
BSE SENSEX

BSE listing

Share price

₹1,866.00+38.50 (+2.11%)

as of 18 Sep 2026

52W high: ₹2,174.70
52W low: ₹1,745.00
Off 52W high: -14.20%
1M return: -3.06%
3M return: -2.23%
6M return: +1.06%
1Y return: -3.91%
20D avg volume: 2,80,678
50 DMA: ₹1,909.38
200 DMA: ₹1,925.01

Key ratios Consolidated

Market cap: ₹11,64,478 Cr
Current price: ₹1,866.00
52W high / low: ₹2,174.70 / ₹1,745.00
Face value: ₹5.00
P/E: 31.98
P/B: —
EPS (TTM): ₹58.34
Book value / share: —
ROE: —
ROCE: 17.60%
Operating margin: —
Net margin: —
Debt / equity: 0.62
Net debt: ₹1,07,949 Cr
Interest cover: 3.08
Dividend yield: 1.29%
Dividend / share (TTM): ₹24.00
Payout: 41.14%
Cash conversion cycle: -63.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	58,539	55,383	53,982	52,145	49,463	47,876	45,129	41,473	38,506	37,599	37,900	37,044
	906.60	878.50	702.30	727.70	508.80	485.80	469.70	254.70	363.50	316.90	439.80	330.40
	45,428	43,141	42,242	40,632	39,550	38,696	37,912	36,051	34,491	33,513	34,804	32,450
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	2,178	2,028	1,958	1,857	1,738	1,831	1,608	1,497	1,373	1,364	1,323	1,379
	5,956	5,606	5,623	4,866	5,461	5,502	5,676	5,424	5,152	5,203	6,645	5,186
	14,235	13,644	13,420	13,182	12,465	12,326	11,704	11,000	10,540	10,075	10,074	9,734
	23,059	21,864	21,241	20,727	19,886	19,036	1,838	1,950	1,885	2,244	2,244	1,989
	14,018	13,121	12,442	12,241	10,422	9,666	7,687	5,677	4,379	4,403	3,535	4,924
	-353.40	-3,161	-256.80	0.00	0.00	-140.10	7,546	-853.70	735.00	-2,456	-130.20	-1,570
	13,665	9,960	12,185	12,241	10,422	9,526	15,232	4,824	5,114	1,948	3,405	3,354
	3,761	797.30	3,798	3,672	3,083	2,892	757.30	1,744	1,308	709.80	1,232	1,846
	10,012	9,247	8,503	8,651	7,422	12,476	16,135	4,153	4,718	2,068	2,876	2,093
	13.38	12.53	11.44	11.66	10.26	19.02	25.54	6.21	7.21	3.61	4.27	2.36
Key metrics
	33,856	29,209	31,228	30,289	28,348	27,354	32,612	21,247	20,806	17,226	20,124	18,274
	57.80%	52.70%	57.80%	58.10%	57.30%	57.10%	72.30%	51.20%	54.00%	45.80%	53.10%	49.30%
	17.10%	16.70%	15.80%	16.60%	15.00%	26.10%	35.80%	10.00%	12.30%	5.50%	7.60%	5.70%
	—	4.10%	—	5.00%	—	4.50%	—	—	—	—	—	—
	18.40%	15.70%	19.60%	25.70%	28.50%	27.30%	19.10%	12.00%	—	—	—	—
	34.90%	-25.90%	-47.30%	108.30%	57.30%	503.20%	460.90%	98.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	2,20,049	2,10,973	1,72,985	1,49,982	1,39,145	1,16,547	1,00,616	87,539	80,780	83,688
	3,215	2,817	1,574	1,435	936.60	534.30	642.80	324.80	291.20	248.80
	1,71,442	1,65,564	1,47,150	1,33,876	1,23,603	1,08,720	99,740	91,128	85,732	80,938
	0.00	0.00	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	8,021	7,581	6,309	5,323	4,831	4,433	4,115	3,807	3,798	3,977
	22,051	21,555	21,754	22,648	19,300	16,616	15,091	12,382	11,013	9,326
	54,481	52,711	45,570	39,538	36,432	33,091	29,404	27,690	21,348	—
	86,890	83,717	73,517	8,662	7,879	6,431	5,886	5,926	8,351	7,703
	51,822	48,226	27,409	17,542	16,478	8,361	1,519	-3,264	-4,661	2,999
	-3,771	-3,418	7,287	-7,572	-669.80	1,699	-15,914	-40,234	2,929	-793.10
	48,051	44,808	34,696	9,970	15,809	10,060	-14,395	-43,499	-1,732	2,206
	12,028	11,350	917.20	4,121	4,273	4,178	8,932	12,182	3,419	1,084
	36,413	33,823	37,481	8,558	12,287	8,305	-12,364	-30,664	1,688	2,184
	49.01	45.96	58.00	13.09	14.80	7.67	-46.50	-63.41	1.02	—
Key metrics
	1,24,583	1,19,074	1,02,020	72,155	71,540	59,767	30,100	-3,427	30,629	11,532
	56.62%	56.40%	59.00%	48.10%	51.40%	51.30%	29.90%	-3.90%	37.90%	13.80%
	16.55%	16.00%	21.70%	5.70%	8.80%	7.10%	-12.30%	-35.00%	2.10%	2.60%
	—	17.60%	16.90%	—	—	—	—	—	—	—
	—	22.00%	15.30%	7.80%	19.40%	15.80%	14.90%	8.40%	-3.50%	—
	—	-9.80%	338.00%	-30.40%	47.90%	167.20%	59.70%	-1,917.10%	-22.70%	—
	—	77,054	60,424	—	—	—	—	—	—	—
	—	3.61	2.62	—	—	—	—	—	—	—
	—	0.62	0.97	—	—	—	—	—	—	—
	—	1,07,949	1,42,207	—	—	—	—	—	—	—
	—	-63.1	-63.8	—	—	—	—	—	—	—
Balance sheet
	—	5,52,152	5,14,360	—	—	—	—	—	—	—
	—	90,158	67,589	—	—	—	—	—	—	—
	—	13,722	6,106	—	—	—	—	—	—	—
	—	7,978	7,456	—	—	—	—	—	—	—
	—	600.90	451.70	—	—	—	—	—	—	—
	—	12,572	14,461	—	—	—	—	—	—	—
	—	2,24,390	2,03,514	—	—	—	—	—	—	—
	—	45,015	38,154	—	—	—	—	—	—	—
	—	1,74,506	1,80,440	—	—	—	—	—	—	—
	—	1,21,671	1,48,312	—	—	—	—	—	—	—
	—	21,586	43,448	—	—	—	—	—	—	—
	—	1,00,085	1,04,864	—	—	—	—	—	—	—
	—	1,95,963	1,53,468	—	—	—	—	—	—	—
Cash flow
	—	1,22,230	98,332	—	—	—	—	—	—	—
	—	-58,534	-60,270	—	—	—	—	—	—	—
	—	-52,293	-36,533	—	—	—	—	—	—	—
	—	45,176	37,908	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	32,357	31,296	30,855	30,092	29,249	28,608	28,434	26,984	24,917	24,345	23,866	23,258
	561.00	787.40	478.60	1,079	331.90	230.20	431.40	408.00	295.10	419.70	358.30	427.30
	26,174	26,136	25,631	25,094	24,518	24,152	24,656	24,041	23,087	22,629	21,950	21,640
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	595.40	603.40	580.80	574.20	523.00	689.50	562.00	554.30	587.90	562.40	532.70	576.30
	3,690	4,075	3,815	3,854	3,835	3,669	4,031	3,872	3,668	3,662	3,550	3,741
	9,065	8,810	8,859	8,623	8,279	8,216	8,230	8,137	7,928	7,607	7,458	7,113
	12,824	12,647	12,376	12,043	11,882	11,578	972.80	940.20	933.20	731.20	839.00	781.90
	6,743	5,948	5,703	6,078	5,063	4,686	4,210	3,352	2,125	2,136	2,274	2,044
	0.00	-3,136	-209.90	0.00	0.00	0.00	2,614	—	877.10	178.90	-268.90	-1,186
	6,743	2,812	5,493	6,078	5,063	4,686	6,824	3,352	3,002	2,315	2,006	858.20
	1,316	1,468	1,402	1,533	1,298	-4,632	2,373	834.30	533.20	491.50	591.20	565.20
	5,428	1,344	4,091	4,545	3,764	9,318	9,197	2,518	2,469	1,824	1,414	293.00
	8.89	2.30	7.05	7.84	6.49	16.07	15.88	4.35	4.28	3.18	2.47	0.51
Key metrics
	19,498	15,697	18,167	18,555	17,177	16,571	19,085	15,361	14,598	13,584	13,013	11,712
	60.30%	50.20%	58.90%	61.70%	58.70%	57.90%	67.10%	56.90%	58.60%	55.80%	54.50%	50.40%
	16.80%	4.30%	13.30%	15.10%	12.90%	32.60%	32.30%	9.30%	9.90%	7.50%	5.90%	1.30%
	—	2.40%	—	3.60%	—	3.00%	—	—	—	—	—	—
	10.60%	9.40%	8.50%	11.50%	17.40%	17.50%	19.10%	16.00%	—	—	—	—
	44.20%	-85.60%	-55.50%	80.50%	52.50%	410.90%	550.30%	759.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	1,24,600	1,21,493	1,08,944	94,120	84,720	70,642	64,326	54,317	49,608	53,663
	2,906	2,677	1,365	1,390	2,634	1,423	2,388	313.20	250.70	235.60
	1,03,034	1,01,378	95,936	87,118	81,808	74,289	70,156	64,109	57,867	53,976
	0.00	0.00	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	2,354	2,281	2,394	2,176	1,966	1,594	1,664	1,520	1,471	1,721
	15,434	15,579	15,240	14,405	14,532	14,146	11,817	9,534	7,844	5,911
	35,357	34,571	32,511	29,108	26,355	24,592	21,998	20,392	15,088	13,049
	49,890	48,947	45,791	3,174	3,007	2,145	2,137	2,761	3,839	3,617
	24,472	22,792	14,373	8,392	5,546	-2,225	-3,442	-9,479	-8,009	-77.10
	-3,346	-3,346	3,492	-1,276	-4,276	-2,010	-15,023	-41,542	2,805	-604.10
	21,126	19,446	17,864	7,116	1,269	-4,234	-18,465	-51,021	-5,204	-681.20
	5,718	5,701	-5,637	2,128	1,359	609.20	6,732	14,933	3,375	760.40
	15,408	13,744	23,502	4,988	-89.60	-3,625	-25,198	-36,088	-1,829	79.20
	26.08	23.65	40.60	8.74	-0.16	-6.53	-46.18	-71.08	-4.58	—
Key metrics
	71,917	69,595	65,615	50,630	42,156	34,504	15,349	-21,095	17,728	18,278
	57.72%	57.30%	60.20%	53.80%	49.80%	48.80%	23.90%	-38.80%	35.70%	34.10%
	12.37%	11.30%	21.60%	5.30%	-0.10%	-5.10%	-39.20%	-66.40%	-3.70%	0.10%
	—	12.10%	11.90%	—	—	—	—	—	—	—
	—	11.50%	15.80%	11.10%	19.90%	9.80%	18.40%	9.50%	-7.60%	—
	—	-41.50%	371.10%	5,667.20%	97.50%	85.60%	30.20%	-1,873.10%	-2,409.30%	—
	—	48,777	38,199	—	—	—	—	—	—	—
	—	5.45	2.65	—	—	—	—	—	—	—
	—	0.59	0.79	—	—	—	—	—	—	—
	—	88,114	1,10,177	—	—	—	—	—	—	—
	—	-101.0	-97.8	—	—	—	—	—	—	—
Balance sheet
	—	3,99,986	3,92,479	—	—	—	—	—	—	—
	—	44,590	36,742	—	—	—	—	—	—	—
	—	6,958	662.80	—	—	—	—	—	—	—
	—	2,894	3,172	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	7,239	9,254	—	—	—	—	—	—	—
	—	1,29,732	1,27,574	—	—	—	—	—	—	—
	—	36,511	32,348	—	—	—	—	—	—	—
	—	1,10,543	1,15,416	—	—	—	—	—	—	—
	—	95,072	1,10,840	—	—	—	—	—	—	—
	—	9,630	20,560	—	—	—	—	—	—	—
	—	85,441	90,280	—	—	—	—	—	—	—
	—	1,60,535	1,40,131	—	—	—	—	—	—	—
Cash flow
	—	74,931	62,336	—	—	—	—	—	—	—
	—	-41,286	-41,453	—	—	—	—	—	—	—
	—	-27,350	-20,755	—	—	—	—	—	—	—
	—	26,154	24,137	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +12.77%
Sales CAGR 5Y: +13.56%
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): +10.00%
Profit YoY (TTM): -37.87%

Consolidated

Sales CAGR 3Y: +14.88%
Sales CAGR 5Y: +15.96%
Sales CAGR 10Y: —
Profit CAGR 3Y: +40.15%
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): +19.63%
Profit YoY (TTM): -9.39%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 50.07%

Holder	Type	Holding	Previous	Change
BHARTI TELECOM LIMITED	Promoter	39.51%	—	—
PASTEL LIMITED	Promoter Group	7.31%	—	—
LICI NEW PENSION PLUS SECURED FUND	Public	4.14%	—	—
INDIAN CONTINENT INVESTMENT LIMITED	Promoter Group	3.25%	—	—
SBI ELSS TAX SAVER FUND	Public	2.53%	—	—
NPS TRUST A/C - SBI PF NPS JEEVAN SWARNA RETIREMEN	Public	1.85%	—	—
ICICI PRUDENTIAL MUTUAL FUND - ICICI PRUDENTIAL NI	Public	1.68%	—	—
HDFC MUTUAL FUND - HDFC TECHNOLOGY FUND	Public	1.36%	—	—
GOOGLE INTERNATIONAL LLC	Public	1.14%	—	—
UTI MULTI CAP FUND	Public	1.06%	—	—
GOVERNMENT OF SINGAPORE - E	Public	1.03%	—	—
VIRIDIAN LIMITED	Promoter Group	0.00%	—	—
BHARTI ENTERPRISES (HOLDING) PRIVATE LIMITED	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 201518 Sep 2026 · Company Update / General
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 201518 Sep 2026 · Company Update / General
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - Schedule of analysts/ institutional investors' meet.17 Sep 2026 · Company Update / Analyst / Investor Meet
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - Schedule of analysts/ institutional investors' meet.17 Sep 2026 · Company Update / Analyst / Investor Meet
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - Schedule of analysts/ institutional investors' meet.10 Sep 2026 · Company Update / Analyst / Investor Meet
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 201510 Sep 2026 · Company Update / General
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - Schedule of analysts/ institutional investors' meet4 Sep 2026 · Company Update / Analyst / Investor Meet
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 201531 Aug 2026 · Company Update / General
Disclosure under Regulation 30 of SEBI (LIsting Obligations and Disclosure Requirements), Regulations, 201525 Aug 2026 · Company Update / General
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - Schedule of analysts/ institutional investors' meet21 Aug 2026 · Company Update / Analyst / Investor Meet
Update on conversion of partly paid-up equity shares into fully paid-up equity shares, upon receipt of First and Final Call pursuant to Reminder Notice issued by the Company.18 Aug 2026 · Company Update / General
Update17 Aug 2026 · Company Update / General
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 ('SEBI Lising Regulation') - Schedule of analysts/ institutional investors' meet13 Aug 2026 · Company Update / Analyst / Investor Meet
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the transcript of the Earning Call held on August 05, ....10 Aug 2026 · Company Update / Earnings Call Transcript
We are enclosing herewith a press release dated August 10, 2026 titled ''Airtel Business and ITI Limited enter into strategic partnership to accelerate India''s digital transformation'' ....10 Aug 2026 · Company Update / Press Release / Media Release
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 20157 Aug 2026 · Company Update / General
We wish to inform you that Nxtra Data Limited (''Nxtra Data''), a subsidiary of the Company, has entered into agreements for acquisition of upto 85% stake each, in one or more tranches, ....6 Aug 2026 · Company Update / Acquisition
Audio/ Video recording of the Earnings Call dt. August 05, 20265 Aug 2026 · Company Update / Analyst / Investor Meet
Publication of Newspaper advertisements w.r.t Audited Financial Results for the first quarter ended (Q1) June 30, 20265 Aug 2026 · Company Update / Newspaper Publication
Outcome of 31st Annual General Meeting dated August 3, 2026 - Voting results and Scrutinizer''s report5 Aug 2026 · AGM/EGM / AGM
Monitoring Agency Report for the quarter ended June 30, 20265 Aug 2026 · Company Update / Monitoring Agency Report
Statement of Nil deviation/ variation4 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), 20154 Aug 2026 · Company Update / General
Intimation of approval of grant of stock options by HR & Nomination Committee4 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Appointment of Vivek Mehta as Chief Internal Auditor and Head - Internal Assurance (Senior Management) of the Company effective August 5, 2026, in place of Ramjee Verma who will be moving ....4 Aug 2026 · Company Update / Change in Management
Financial Results4 Aug 2026 · Result / Financial Results
Quarterly Report4 Aug 2026 · Company Update / General
Press Release w.r.t. financials results for first quarter ended June 30, 20264 Aug 2026 · Company Update / Press Release / Media Release
Financials results for the first quarter ended June 30, 20264 Aug 2026 · Board Meeting / Outcome of Board Meeting
Proceedings of 31st Annual General Meeting of the Company held on August 03, 20263 Aug 2026 · AGM/EGM / AGM
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 20151 Aug 2026 · Company Update / General
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 201531 Jul 2026 · Company Update / General
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the schedule of Earnings Call to be held on Wednesday, ....30 Jul 2026 · Company Update / Analyst / Investor Meet
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 201530 Jul 2026 · Company Update / General
Bharti Airtel Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/08/2026 ,inter alia, to consider and approve Audited Financial Results (Standalone ....24 Jul 2026 · Board Meeting / Board Meeting
Update on conversion of Partly-paid up equity shares to Fully paid up equity shares, upon receipt of First and Final Call.24 Jul 2026 · Company Update / General
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 201524 Jul 2026 · Company Update / General
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 201522 Jul 2026 · Company Update / General
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 201517 Jul 2026 · Company Update / General
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201517 Jul 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 24.0000	24 Jul 2026	24 Jul 2026	—
Final Dividend - Rs. - 16.0000	18 Jul 2025	18 Jul 2025	—
Dividend - Rs. - 8.0000	7 Aug 2024	7 Aug 2024	—

Board meetings

4 Aug 2026 Board Meeting - Financial Results