Bharti Airtel Limited

Telecommunication · Telecom - Services

NSE: BHARTIARTL BSE: 532454

₹1757.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Telecom - Services

The largest companies in the same industry by market cap. This company ranks #1 of 20. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Bharti Airtel Limited (this stock)	1,070,785	67.4	17.3%	-5.9%	1.37%	55	5	12
Vodafone Idea Limited	140,304	3.8	-96.6%	52.0%	—	14	100	28
Indus Towers Limited	98,456	13.8	18.0%	6.0%	3.75%	82	78	16
Bharti Hexacom Limited	71,225	39.1	24.2%	-14.2%	1.26%	69	31	12
Tata Communications Limited	47,204	62.0	27.3%	2.7%	1.06%	39	0	29
HFCL Limited	34,748	63.6	6.7%	209.2%	0.09%	60	33	51
Railtel Corporation Of India Limited	8,526	24.6	15.3%	-30.8%	1.22%	72	39	49
Tata Teleservices (Maharashtra) Limited	6,705	180.5	1.1%	-37.8%	—	7	35	13

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹1,158,899 Cr

EV / EBITDA

16.1x

EV / Sales

9.30x

Market cap / Sales

8.59x

Earnings yield

1.48%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 32,918 Cr, up 11.3% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 5,428 Cr, up 44.2% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	32,357	6,743	5,428	₹8.8900
March 31, 2026	31,296	2,812	1,344	₹2.3000
Dec. 31, 2025	30,855	5,493	4,091	₹7.0500
Sept. 30, 2025	30,092	6,078	4,545	₹7.8400
June 30, 2025	29,249	5,063	3,764	₹6.4900
March 31, 2025	28,608	4,686	9,318	₹16.0700
Dec. 31, 2024	28,434	6,824	9,197	₹15.8780
Sept. 30, 2024	26,984	3,352	2,518	₹4.3480
June 30, 2024	24,917	3,002	2,469	₹4.2800
March 31, 2024	24,345	2,315	1,824	₹3.1790
Dec. 31, 2023	23,866	2,006	1,414	₹2.4730
Sept. 30, 2023	23,258	858	293	₹0.5110
June 30, 2023	22,651	1,937	1,457	₹2.5700

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	32,918	32,084	31,333	31,171	29,581	28,838	28,865	27,392	25,212	24,765	24,224	23,685	22,836
Operating revenue	32,357	31,296	30,855	30,092	29,249	28,608	28,434	26,984	24,917	24,345	23,866	23,258	22,651
Other income	561	787	479	1,079	332	230	431	408	295	420	358	427	185
Operating expenses	13,420	13,251	12,957	12,617	12,404	12,267	12,395	12,032	11,491	11,360	10,942	10,786	10,515
Operating profit	18,937	18,046	17,898	17,476	16,845	16,341	16,039	14,953	13,426	12,986	12,924	12,471	12,135
Operating profit margin	58.5%	57.7%	58.0%	58.1%	57.6%	57.1%	56.4%	55.4%	53.9%	53.3%	54.2%	53.6%	53.6%
Depreciation	9,065	8,810	8,859	8,623	8,279	8,216	8,230	8,137	7,928	7,607	7,458	7,113	6,931
Interest	3,690	4,075	3,815	3,854	3,835	3,669	4,031	3,872	3,668	3,662	3,550	3,741	3,452
Exceptional items, gain / (loss)	—	-3,136	-210	—	—	—	2,614	—	877	179	-269	-1,186	—
Profit before tax	6,743	2,812	5,493	6,078	5,063	4,686	6,824	3,352	3,002	2,315	2,006	858	1,937
Tax	1,316	1,468	1,402	1,533	1,298	-4,632	-2,373	834	533	492	591	565	480
Net profit	5,428	1,344	4,091	4,545	3,764	—	9,197	2,518	2,469	1,824	1,414	293	1,457
EPS	8.89	2.30	7.05	7.84	6.49	16.07	15.88	4.35	4.28	3.18	2.47	0.51	2.57
Net profit (TTM)	15,408	13,744	—	—	—	—	16,008	8,225	6,000	4,988	4,518	-118	538
EPS (TTM)	26.08	23.68	37.45	46.28	42.79	40.58	27.69	14.28	10.44	8.73	7.94	-0.22	0.95

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	121,493	19,446	13,744
March 31, 2025	108,944	17,864	23,502
March 31, 2024	94,120	7,116	4,988
March 31, 2023	84,720	1,269	-90

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	12.4%	13.2%	124,170^†	110,309^†	95,510^†	87,421^†	72,065^†	66,714^†	54,630^†	49,859^†	53,899^†	—
Operating revenue	12.8%	13.6%	121,493	108,944	94,120	84,720	70,642^†	64,326^†	54,317^†	49,608^†	53,663^†	62,359^†
Other income	—	—	2,677^†	1,365^†	1,390^†	2,701^†	1,423^†	2,388^†	313^†	251^†	236^†	—
Operating expenses	—	—	51,228^†	48,185^†	43,604^†	40,813^†	35,551^†	36,342^†	34,115^†	35,277^†	35,043^†	34,530^†
Operating profit	17.0%	20.2%	70,264^†	60,759^†	50,516^†	43,907^†	35,091^†	27,984^†	20,202^†	14,331^†	18,620^†	27,829^†
Operating profit margin	—	—	57.8%^†	55.8%^†	53.7%^†	51.8%^†	49.7%^†	43.5%^†	37.2%^†	28.9%^†	34.7%^†	44.6%^†
Depreciation	—	—	34,571^†	32,511^†	29,108^†	26,479^†	24,592^†	21,998^†	20,392^†	15,088^†	13,049^†	12,203^†
Interest	—	—	15,579^†	15,240^†	14,405^†	15,037^†	14,146^†	11,817^†	9,603^†	7,502^†	5,884^†	4,670^†
Exceptional items, gain / (loss)	—	—	-3,346^†	3,492^†	-1,276^†	-4,276^†	-2,010^†	-15,023^†	-41,542^†	2,805^†	-604^†	-17,271^†
Profit before tax	148.4%	—	19,446	17,864	7,116	1,269	-4,234^†	-18,465^†	-51,021^†	-5,204^†	-681^†	-8,510^†
Tax	—	—	5,701^†	-5,637^†	2,128^†	1,240^†	-609^†	6,732^†	-14,933^†	-3,375^†	-760^†	1,416^†
Net profit	—	—	13,744	23,502	4,988	-90	-3,625^†	-25,198^†	-36,088^†	-1,829^†	79^†	-9,926^†
EPS	—	—	23.68^†	40.58^†	8.73^†	-0.89^†	-6.51^†	-46.18^†	-69.91^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	57.8%^†	55.8%^†	53.7%^†	51.8%^†	49.7%^†	43.5%^†	37.2%^†	28.9%^†	34.7%^†	44.6%^†
EBIT margin	28.8%^†	30.4%^†	22.9%^†	19.2%^†	14.0%^†	-10.3%^†	-76.3%^†	4.6%^†	9.7%^†	-6.2%^†
PBT margin	16.0%	16.4%	7.6%	1.5%	-6.0%^†	-28.7%^†	-93.9%^†	-10.5%^†	-1.3%^†	-13.6%^†
Net margin	11.3%	21.6%	5.3%	-0.1%	-5.1%^†	-39.2%^†	-66.4%^†	-3.7%^†	0.1%^†	-15.9%^†
Interest coverage	2.25x^†	2.17x^†	1.49x^†	1.08x^†	0.70x^†	-0.56x^†	-4.31x^†	0.31x^†	0.88x^†	-0.82x^†
Dividend payout	67.6%^†	19.7%^†	45.8%^†	—	—	—	—	—	—	—
Earnings retention	32.4%^†	80.3%^†	54.2%^†	—	—	—	—	—	—	—
Current ratio	0.40x	0.32x	—	—	—	—	—	—	—	—
Quick ratio	0.40x	0.32x	—	—	—	—	—	—	—	—
Debt to equity	0.59x	0.79x	—	—	—	—	—	—	—	—
Return on equity	8.6%	16.8%	—	—	—	—	—	—	—	—
Return on assets	3.4%	6.0%	—	—	—	—	—	—	—	—
Return on capital employed	12.1%^†	11.9%^†	—	—	—	—	—	—	—	—
Asset turnover	0.30x	0.28x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	74,931	-41,286	-27,350	26,154	48,777
March 31, 2025	62,336	-41,453	-20,755	24,137	38,199
March 31, 2024	53,209	-34,877	-19,184	26,235	26,973
March 31, 2023	43,583	-30,006	-12,500	16,174	27,409
March 31, 2022	36,925	-32,254	-5,363	14,735	22,190

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	399,986	160,535	157,488	9,630	85,441	44,590	110,543	6,958	129,732	0
March 31, 2025	392,479	140,131	137,231	20,560	90,280	36,742	115,416	663	127,574	0
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.