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Profile & Fundamentals

Bharti Airtel Profile & Fundamentals

Name: Bharti Airtel financial chart data preview
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Company and Market Context

Company Profile & Ownership

Bharti Airtel Limited operates as a telecommunications company in India and internationally. It operates through the Mobile Services India, Mobile Services Africa, Mobile Services South Asia, Airtel Business, Passive Tower Infrastructure Services, Homes Services, Digital TV Services, and Others segments. The company provides voice and data telecom services through wireless technology including 2G/3G/4G/5G services; passive infrastructure service, including the setup, operation, and maintenance of wireless communication towers; mobile money services; home services covering voice and data communications through fixed-line network, wireless network, and broadband technology for homes; and digital TV services comprising digital broadcasting services under the DTH platform and IPTV services. It also engages in the airtel business that includes MPLS, VoIP, SIP trunking, fixed line voice solutions, communications platform as a service (CPaaS), internet of things (IoT), managed services, enterprise mobility applications, cloud, and cybersecurity, data and voice, network integration, managed services, security, and platform services. In addition, the company offers post-paid, prepaid, roaming, data services, OTT content, and various value-added services, as well as mobile TV, video calls, live-streaming videos, gaming, and high-definition (HD) and 4K content services. The company was formerly known as Bharti Tele-Ventures Limited and changed its name to Bharti Airtel Limited in April 2006. Bharti Airtel Limited was incorporated in 1995 and is headquartered in Gurugram, India.

Company profile record

Bharti Airtel Limited

Common Stock · Communication Services · Integrated Telecommunication Services

Official website

Company

Company / asset: Bharti Airtel Limited
Security type: Common Stock
Sector: Communication Services
Industry: Integrated Telecommunication Services
HQ: 🇮🇳 India
Head office: Airtel Center, Plot No. 16, Gurugram, India, 122015

Leadership & scale

Chief executive: Mr. Shashwat Sharma
CEO year born: 1981
Full-time employees: 28.7K
Fiscal year end: March

Fundamentals snapshot

Updated 2026-09-16

Market Cap: INR 10.91T
P/E: 37.7x
Revenue (Q2 26): INR 585.4B
Profit (Q2 26): INR 81.7B
Dividend Yield: 1.1%
Revenue (FY 26): INR 2.11T
Shares in public float: 3.3B
Insider ownership: 53.14%

Reporting & identifiers

Symbol: BHARTIARTL.NSE
Listing: 🇮🇳 India | Dividend Tax: 20%
Ticker Currency: INR
Income Statement Currency: INR
Balance Sheet Currency: INR
Cash Flow Currency: INR
EPS Currency: INR
Contract Type: SPOT
ISIN: INE397D01024
Asset ID: equity_1788302c-a302-5c28-8b44-6b0d9e845d87

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company's latest financial results demonstrate a decisive shift from destructive price wars toward disciplined cash generation. Consolidated revenue expanded 22.0% in FY26 to 2.11 trillion rupees, while operating profit surged 61.4% to 670 billion rupees. This operational acceleration was powered by mobile ARPU rising to 264 rupees in Q1 FY27 and rapid customer upgrades to premium 5G and fiber broadband services. While headline net income declined 20.4% in FY26 due to the absence of prior-year tax credits and currency devaluations in Africa, true operating performance remains exceptionally healthy. Recurring cash generation continues to compound, proving that higher customer spending drops straight to the bottom line over an established network.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

Profitability margins have expanded dramatically as the domestic telecom market settled into a rational two-player structure. Consolidated operating margin reached 31.7% in FY26, up from 24.0% in FY25, while domestic mobile EBITDA margins surpassed 57%. This margin expansion reflects pure operational leverage: because network running costs remain largely fixed, incremental tariff increases flow directly into profits. These widening margins represent a permanent structural reset rather than a temporary spike. While high power costs and African currency devaluations create localized friction, the company's strong pricing power and expanding enterprise digital services permanently protect corporate profitability against general inflation.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-17.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2017-03-31	14,719,133,518.35	1,158,803,576.93	585,846,438.48	29.19	16.47	3.98	7.87
2018-03-31	12,692,182,460.45	388,219,935.49	168,791,276.3	22.18	13.13	1.33	3.06
2019-03-31	11,675,126,463.36	-1,736,580,430.7	59,184,853.3	15.49	5.69	0.51	-14.87
2020-03-31	11,239,248,739.05	-343,522,697.11	-4,271,728,165.65	15.86	8.59	-38.01	-3.06
2021-03-31	13,754,723,171.57	2,863,622,693.1	-3,353,807,245.39	22.23	12.76	-24.38	20.82
2022-03-31	15,349,255,893.59	1,339,193,994.47	560,371,394.71	27.79	20.84	3.65	8.72
2023-03-31	16,929,650,809.1	3,224,990,874.8	1,015,439,834.53	32.54	25.1	6	19.05
2024-03-31	17,992,130,518.23	3,281,513,915.55	895,753,358.93	33.57	25.85	4.98	18.24
2025-03-31	20,241,656,915.52	5,079,545,986.43	3,926,527,030.19	36.52	23.98	19.4	25.09
2026-03-31	22,568,763,371.84	6,713,361,146.77	2,855,712,451.86	42.67	31.74	12.65	29.75

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2026-03-31	40.94	Trailing four quarters
2025-03-31	31.36	Trailing four quarters
2024-03-31	99.26	Trailing four quarters
2023-03-31	54.08	Annual net income
2022-03-31	105.92	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	5,640,723,000
2018-01-01	5,640,723,000
2019-01-01	5,640,723,000
2020-01-01	5,640,723,000
2021-01-01	5,640,723,000
2022-01-01	5,953,764,600
2023-01-01	6,013,836,300
2024-01-01	5,996,430,000
2025-01-01	6,091,472,000
2026-01-01	6,108,751,000

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