Bharti Airtel
- Market cap
- ₹ 11,79,455 Cr.
- P/E
- 38.9x
- P/B
- 7.74x
- 52-week range
- 1,726.3 – 2,174.5
- ROE
- 20%
- ROCE
- 18%
- Dividend yield
- 1.3%
- Debt / equity
- 1.31
- Sector
- Telecom - Services
- Industry
- Telecom - Cellular & Fixed line services
- Listed on
- NSE, BSE
About
Bharti Airtel Limited is a telecommunication company. It operates through two business divisions: India & South Asia and Africa. Its B2C Services consists of Mobile Services (India), Homes Services, and Digital TV Services. Its B2B Services consists of Airtel Business, Passive Infrastructure Services and South Asia. Its Mobile Services (India) segment offers postpaid, pre-paid, roaming, Internet and other value-added services. Its Homes Services segment provides fixed-line telephone and broadband services for homes in approximately 1,512 cities. Its Digital TV Services provides direct-to-home platform, which offers a total of 705, comprising 99 HD channels, 36 SVOD services, four international channels and 4K channel. Its Airtel Business segment offers fixed-line voice (PRIs), data and other connectivity solutions, such as Multi-Protocol Label Switching, Voice over Internet Protocol, SIP trucking. Its South Asia segment represents its operation in Bangladesh.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Telecom - Cellular & Fixed line services: 9 companies →Bharti Airtel against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)38.9 against a typical 33.9: pricier than most peers (1st = cheapest).5th of 8
- Sales growth+18.3% against a typical +8.4% from a year earlier.2nd of 9
- Profit growth+34.9% against a typical +34.9% from a year earlier.2nd of 3
- Share price, 3 months−0.1% against a typical −1.4%.4th of 8
- Size₹ 11,79,454.7 Cr. market value against a typical ₹ 7,484.4 Cr. (1st = largest).1st of 9
Latest announcements
Exchange filings and their impact on the company.
- Airtel adds one free yearly international roaming trip to all postpaid plans to drive upgrades and cut churn.
On October 7, 2026, Bharti Airtel launched new postpaid plans from Rs 499 to Rs 1799 offering one free international roaming trip per SIM per year from October 8, 2026. The free 5-day pack includes 5GB data, 60 minutes calls and 25 outgoing SMS, plus existing unlimited data, spam protection and OTT bundles. The move aims to win postpaid upgrades and reduce churn at a modest wholesale roaming cost, implying a small positive revenue and profit lift over the next year.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | — | — | 23 Jul 2026 |
| CRISIL | Crisil AAA | Stable | 17 Jul 2026 |
| CARE | CARE AAA / CARE A1+ | Stable | 8 Jan 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 23 Jul 2026 | Reaffirmed | — | — | India Ratings | ₹ 15,000 Cr. | |
| 17 Jul 2026 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 34,300 Cr. | |
| 8 Jan 2026 | Reaffirmed | CARE AAA / CARE A1+ | — | CARE | ₹ 500 Cr. | |
| 22 Sep 2025 | Rating action | Crisil AAA | — | CRISIL | ₹ 35,000 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 5 Nov 2026Upcoming | Financial Results | Intimation of Board Meeting for Audited Financial Results (Standalone & Consolidated) for the Second Quarter (Q2) and Six Months ended September 30, 2026. |
| 4 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 13 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 5 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 3 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 5 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended June 30, 2025 |
| 13 May 2025 | Dividend | Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and further to our intimation dt. April 25, 2025, we wish to inform that the Board of Directors of the Company shall, inter-alia, consider the recommendation/ declaration of dividend, if any, for the financial year 2024-25, in its meeting scheduled to be held on Tuesday, May 13, 2025. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 | 37,044 | 37,900 | 37,599 | 38,506 | 41,473 | 45,129 | 47,876 | 49,463 | 52,145 | 53,982 | 55,383 | 58,539 |
| Expenses | 17,530 | 18,085 | 18,234 | 18,799 | 19,627 | 20,533 | 20,867 | 21,624 | 22,584 | 23,199 | 23,892 | 25,236 |
| Operating Profit | 19,514 | 19,815 | 19,365 | 19,708 | 21,846 | 24,597 | 27,009 | 27,839 | 29,561 | 30,783 | 31,492 | 33,303 |
| OPM % | 53% | 52% | 52% | 51% | 53% | 54% | 56% | 56% | 57% | 57% | 57% | 57% |
| Other Income | −654 | 1,013 | −1,308 | 2,010 | 475 | 9,675 | 403 | 592 | 809 | 562 | −2,198 | 661 |
| Interest | 5,186 | 6,645 | 5,203 | 5,152 | 5,424 | 5,676 | 5,502 | 5,461 | 4,866 | 5,623 | 5,606 | 5,956 |
| Depreciation | 9,734 | 10,074 | 10,075 | 10,540 | 11,000 | 11,704 | 12,326 | 12,465 | 13,182 | 13,420 | 13,644 | 14,235 |
| Profit before tax | 3,940 | 4,108 | 2,778 | 6,025 | 5,897 | 16,892 | 9,584 | 10,504 | 12,322 | 12,301 | 10,045 | 13,773 |
| Tax % | 47% | 30% | 26% | 22% | 30% | 4% | −30% | 29% | 30% | 31% | 8% | 27% |
| Net Profit | 2,093 | 2,876 | 2,068 | 4,718 | 4,153 | 16,135 | 12,476 | 7,422 | 8,651 | 8,503 | 9,247 | 10,012 |
| EPS in Rs | 2.39 | 4.34 | 3.66 | 7.31 | 6.31 | 25.95 | 19.33 | 10.43 | 11.91 | 11.63 | 12.02 | 13.09 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 8%
- 5 Years
- 16%
- 3 Years
- 15%
- TTM
- 20%
- 10 Years
- 18%
- 5 Years
- 22%
- 3 Years
- 45%
- TTM
- 6%
- 10 Years
- 20%
- 5 Years
- 26%
- 3 Years
- 30%
- TTM
- —
- 10 Years
- 12%
- 5 Years
- 17%
- 3 Years
- 20%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Bharti Airtel | ₹ 1,948.10 | ₹ 11,79,455 Cr. | 38.9x | 7.7x | 20% | — |
| Bharti Hexacom | ₹ 1,631.00 | ₹ 81,133 Cr. | 45.6x | 11.2x | 26.5% | 18.5% |
| Tata Communications | ₹ 1,665.65 | ₹ 47,670 Cr. | 46.9x | 15x | 32.3% | 4.1% |
| Tata Teleservices (Maharashtra) | ₹ 38.22 | ₹ 7,484 Cr. | — | — | — | −18.6% |
| Tanla Platforms | ₹ 557.00 | ₹ 7,407 Cr. | 15.3x | 3.1x | 21.4% | 11.5% |
| Route Mobile | ₹ 416.20 | ₹ 2,631 Cr. | 10.5x | 1.3x | 9.2% | 5.8% |
Management
- Sunil Bharti Mittal
- Executive Chairman of the Board
- Gopal Vittal
- Executive Vice Chairman
- Soumen Ray
- Chief Financial Officer (India & South Asia)
- Rohit Krishan Puri
- Joint Company Secretary, Compliance Officer
- Pankaj Tewari
- Joint Group Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.