Bharti Airtel (BHARTIARTL)₹2,072−0.64%Telecom - Cellular & Fixed line services
In the Jun 2026 quarter (consolidated), Bharti Airtel reported sales of ₹58,691 Cr, up 18.4% from Jun 2025, and net profit of ₹10,032 Cr, up 34.9% year on year. For the year to Mar 2026, sales were ₹2.11 L Cr and net profit ₹33,913 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37,159 | 37,996 | 37,700 | 38,596 | 41,589 | 45,269 | 48,017 | 49,587 | 52,284 | 54,144 | 55,476 | 58,691 |
| Expenses | 17,491 | 18,067 | 18,209 | 18,758 | 19,586 | 20,498 | 20,845 | 21,601 | 22,543 | 23,166 | 23,847 | 25,175 |
| Operating Profit | 19,523 | 19,834 | 19,353 | 19,723 | 21,846 | 24,604 | 27,012 | 27,828 | 29,560 | 30,804 | 31,479 | 33,332 |
| OPM % | 53.0% | 51.9% | 52.0% | 51.0% | 53.0% | 53.9% | 56.0% | 56.0% | 57.0% | 57.0% | 57.0% | 57.0% |
| Other Income | −653 | 1,011 | −1,305 | 2,005 | 474 | 9,658 | 402 | 591 | 808 | 561 | −2,193 | 660 |
| Interest | 5,187 | 6,652 | 5,208 | 5,153 | 5,423 | 5,674 | 5,502 | 5,460 | 4,865 | 5,628 | 5,612 | 5,957 |
| Depreciation | 9,737 | 10,074 | 10,079 | 10,542 | 10,998 | 11,705 | 12,335 | 12,462 | 13,189 | 13,429 | 13,657 | 14,231 |
| Profit before tax | 3,953 | 4,125 | 2,788 | 6,045 | 5,917 | 16,964 | 9,617 | 10,553 | 12,366 | 12,350 | 10,079 | 13,824 |
| Tax % | 47.0% | 30.0% | 26.0% | 22.0% | 30.0% | 4.0% | −30.1% | 29.0% | 29.9% | 31.0% | 8.0% | 27.0% |
| Exceptional items | −832 | −90.79 | −1,823 | 574 | −599 | 7,018 | −120 | 0.00 | 0.00 | −178 | −2,479 | −256 |
| Net Profit | 2,098 | 2,880 | 2,072 | 4,726 | 4,161 | 16,163 | 12,495 | 7,437 | 8,667 | 8,517 | 9,272 | 10,032 |
| EPS (Rs) | 2.40 | 4.33 | 3.67 | 7.30 | 6.30 | 25.96 | 19.32 | 10.44 | 11.92 | 11.62 | 12.01 | 13.08 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 96,783 | 95,708 | 82,777 | 81,004 | 87,689 | 1,00,904 | 1,16,760 | 1,39,515 | 1,50,385 | 1,73,495 | 2,11,326 | 2,20,595 |
| Expenses | 62,458 | 60,014 | 52,455 | 54,927 | 50,856 | 55,211 | 58,871 | 67,756 | 71,991 | 87,833 | 94,280 | 94,731 |
| Operating Profit | 33,985 | 35,332 | 30,088 | 25,748 | 36,601 | 45,295 | 57,561 | 71,324 | 77,846 | 85,070 | 1,16,466 | 1,25,175 |
| OPM % | 35.0% | 36.9% | 35.9% | 32.0% | 41.9% | 44.9% | 49.0% | 51.0% | 52.0% | 49.0% | 55.0% | 56.7% |
| Other Income | 4,847 | 1,711 | 1,753 | 4,463 | −37,712 | −4,207 | 4,645 | 1,017 | −3,021 | 20,625 | 2,918 | −164 |
| Interest | 8,549 | 9,548 | 9,333 | 10,635 | 13,995 | 15,093 | 16,616 | 19,318 | 22,668 | 21,752 | 21,577 | 22,062 |
| Depreciation | 17,468 | 19,770 | 19,247 | 21,347 | 27,694 | 29,429 | 33,096 | 36,448 | 39,553 | 45,602 | 52,763 | 54,507 |
| Profit before tax | 12,897 | 7,756 | 3,278 | −1,740 | −42,992 | −3,448 | 12,526 | 16,623 | 12,726 | 38,528 | 45,326 | 48,619 |
| Tax % | 46.0% | 44.9% | 32.9% | −197.1% | −28.0% | 260.0% | 32.9% | 25.9% | 32.0% | 2.0% | 25.0% | — |
| Exceptional items | 1,109 | −629 | −285 | 785 | −37,879 | −24,826 | 1,128 | −496 | −4,920 | 12,108 | 90.79 | −2,913 |
| Net Profit | 6,901 | 4,252 | 2,187 | 1,691 | −30,736 | −12,385 | 8,320 | 12,313 | 8,576 | 37,537 | 33,913 | 36,488 |
| EPS (Rs) | 11.06 | 6.90 | 1.99 | 0.73 | −55.04 | −25.64 | 7.22 | 14.96 | 13.21 | 58.84 | 43.79 | 48.63 |
| Dividend payout % | 9.0% | 11.0% | 194.0% | 244.0% | −3.0% | 0.0% | 39.0% | 27.0% | 62.0% | 28.0% | 55.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2,001 | 2,001 | 2,000 | 2,003 | 2,003 | 2,734 | 2,753 | 2,799 | 2,842 | 2,878 | 2,903 | 3,049 |
| Reserves | 37,854 | 64,828 | 65,560 | 67,650 | 69,578 | 74,531 | 56,344 | 63,920 | 74,817 | 79,216 | 1,10,866 | 1,46,154 |
| Borrowings | 83,417 | 1,00,722 | 1,07,261 | 1,11,393 | 1,25,417 | 1,48,370 | 1,62,895 | 1,69,891 | 2,26,117 | 2,15,545 | 2,13,611 | 1,95,392 |
| Other Liabilities | 58,551 | 56,782 | 57,302 | 68,323 | 76,806 | 1,33,196 | 1,22,090 | 1,24,395 | 1,40,297 | 1,43,715 | 1,76,839 | 1,99,940 |
| Total Liabilities | 1,81,824 | 2,24,333 | 2,32,122 | 2,49,368 | 2,73,802 | 3,58,831 | 3,44,082 | 3,61,006 | 4,44,074 | 4,41,354 | 5,04,219 | 5,44,534 |
| Fixed Assets | 1,24,219 | 1,72,217 | 1,78,101 | 1,87,141 | 2,00,748 | 2,29,152 | 2,23,354 | 2,44,014 | 2,77,137 | 3,02,779 | 3,87,931 | 4,05,818 |
| CWIP | 17,417 | 5,700 | 10,839 | 9,749 | 9,637 | 4,279 | 5,730 | 5,956 | 49,416 | 16,892 | 10,991 | 12,944 |
| Investments | 10,748 | 11,987 | 14,351 | 16,155 | 15,710 | 25,487 | 27,571 | 29,359 | 32,968 | 31,610 | 5,838 | 18,896 |
| Other Assets | 29,441 | 34,428 | 28,831 | 36,322 | 47,709 | 99,913 | 87,427 | 81,676 | 84,553 | 90,072 | 99,459 | 1,06,877 |
| Inventories | 134 | 169 | 48.89 | 68.84 | 87.77 | 157 | 265 | 374 | 257 | 363 | 451 | 600 |
| Trade receivables | 5,203 | 5,504 | 4,738 | 5,882 | 4,303 | 4,605 | 3,636 | 4,056 | 3,983 | 4,727 | 7,451 | 7,978 |
| Cash & equivalents | 2,077 | 5,085 | 5,079 | 6,654 | 8,042 | 15,856 | 13,421 | 13,453 | 13,386 | 16,282 | 16,667 | 30,291 |
| Total Assets | 1,81,824 | 2,24,333 | 2,32,122 | 2,49,368 | 2,73,802 | 3,58,831 | 3,44,082 | 3,61,006 | 4,44,074 | 4,41,354 | 5,04,219 | 5,44,534 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 28,077 | 27,963 | 28,304 | 29,916 | 20,095 | 18,150 | 48,275 | 55,118 | 65,378 | 78,986 | 98,450 | 1,22,298 |
| Cash from investing activity | −22,372 | −14,139 | −30,758 | −28,048 | −28,362 | −29,701 | −27,397 | −41,638 | −39,392 | −51,261 | −60,423 | −56,389 |
| Cash from financing activity | −9,660 | −11,943 | −351 | 1,918 | 9,462 | 19,140 | −24,894 | −15,193 | −24,470 | −27,737 | −36,514 | −52,230 |
| Net cash flow | −3,919 | 1,906 | −2,755 | 3,841 | 1,250 | 7,685 | −3,999 | −1,666 | 1,625 | 31.05 | 1,603 | 13,760 |
| Capex | 15,601 | 19,290 | 37,785 | 26,244 | 29,388 | 20,672 | 27,184 | 27,335 | 26,458 | 39,976 | 39,578 | 46,556 |
| Free cash flow | 12,851 | 8,975 | −8,422 | 4,596 | −8,962 | −2,452 | 21,050 | 28,968 | 38,849 | 38,939 | 58,934 | 76,631 |
| CFO / OP % | 98.1% | 96.1% | 89.1% | 104.1% | 82.1% | 56.1% | 111.1% | 99.1% | 97.1% | 105.1% | 121.1% | 110.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 21 | 22 | 19 | 27 | 20 | 20 | 14 | 14 | 11 | 13 | 17 | 15 |
| Cash conversion cycle | 21 | 22 | 19 | 27 | 20 | 20 | 14 | 14 | 11 | 13 | 17 | 15 |
| Working capital days | −206 | −162 | −200 | −259 | −330 | −353 | −271 | −240 | −218 | −237 | −278 | −223 |
| ROCE % | 11.1% | 13.0% | 10.1% | 7.0% | 3.0% | 5.0% | 7.1% | 11.1% | 12.1% | 13.1% | 13.1% | 18.1% |
For the Jun 2026 quarter, Bharti Airtel reported sales of ₹58,691 Cr, up 18.4% year on year and net profit of ₹10,032 Cr, up 34.9% year on year. The operating margin was 57.0%.
Bharti Airtel's sales for the year to Mar 2026 were ₹2.11 L Cr; over the last twelve months they were ₹2.21 L Cr.
Net profit for the year to Mar 2026 was ₹33,913 Cr, and ₹36,488 Cr over the last twelve months. Earnings per share over the same trailing period were ₹48.63.
Bharti Airtel reported borrowings of ₹1.95 L Cr at Mar 2026, against cash and equivalents of ₹30,291 Cr.
Cash from operations was ₹1.22 L Cr in the year to Mar 2026; after capital spending, free cash flow was ₹76,631 Cr.