| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 58,539 | 49,463 | +18.4% |
| EBITDA | 33,303 | 27,839 | +19.6% |
| EBITDA margin | 56.9% | 56.3% | +0.6 pts |
| Profit before tax | 13,665 | 10,422 | +31.1% |
| Net profit | 10,012 | 7,422 | +34.9% |
| EPS | ₹13.38 | ₹10.26 | +30.4% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 11,87,094 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 27,423 | 27,423 | 7,759 | 7,185 | 11,884 | ||
| 46,907 | 46,907 | 39,796 | 23,545 | 28,881 | ||
| 1,21,671 | 1,21,671 | 1,48,312 | 1,51,917 | 1,65,545 | ||
| 13,28,250 | — | — | — | — | ||
| 2,20,049 | 2,10,973 | 1,72,985 | 1,49,982 | 1,39,145 | ||
| — | +22.0% | +15.3% | +7.8% | — | ||
| 1,25,139 | 1,19,675 | 93,159 | 78,292 | 71,274 | ||
| 56.9% | 56.7% | 53.9% | 52.2% | 51.2% | ||
| 70,658 | 66,964 | 47,589 | 38,754 | 34,842 | ||
| 36,413 | 33,823 | 37,481 | 8,558 | 12,287 | ||
| 16.5% | 16.0% | 21.7% | 5.7% | 8.8% | ||
| ₹47.45 | ₹43.81 | ₹55.07 | ₹12.25 | ₹13.70 | ||
| — | −20.4% | +349.4% | −10.5% | — | ||
| — | 1,22,230 | 98,332 | 78,898 | 65,325 | ||
| — | −47,569 | −61,029 | −52,206 | −38,907 | ||
| 74,661 | 74,661 | 37,304 | 26,692 | 26,418 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 11,87,094.2 | |
| - Cash, Equiv & ST Investments | 11,883.9 | 7,185.0 | 7,758.8 | 27,422.8 | 27,422.8 | |
| + Minority Interest | 28,881.4 | 23,545.1 | 39,795.8 | 46,906.8 | 46,906.8 | |
| + Total Debt | 1,65,544.8 | 1,51,916.5 | 1,48,312.3 | 1,21,671.4 | 1,21,671.4 | |
| Enterprise Value | — | — | — | — | 13,28,249.6 | |
| Revenue | 1,39,144.8 | 1,49,982.4 | 1,72,985.2 | 2,10,972.8 | 2,20,049.3 | |
| Growth %, YoY | — | +7.8 | +15.3 | +22.0 | — | |
| EBITDA | 71,273.5 | 78,291.8 | 93,159.2 | 1,19,674.5 | 1,25,138.6 | |
| Margin % | 51.22 | 52.20 | 53.85 | 56.73 | 56.87 | |
| EBIT | 34,841.7 | 38,754.2 | 47,588.9 | 66,963.7 | 70,657.9 | |
| Net Income | 12,287.4 | 8,558.0 | 37,481.3 | 33,822.8 | 36,412.6 | |
| Margin % | 8.83 | 5.71 | 21.67 | 16.03 | 16.55 | |
| EPS, Adj (current shares) | 13.70 | 12.25 | 55.07 | 43.81 | 47.45 | |
| Growth %, YoY | — | -10.5 | +349.4 | -20.4 | — | |
| Cash from Operations | 65,324.6 | 78,898.2 | 98,332.2 | 1,22,229.6 | — | |
| Capital Expenditures | -38,906.9 | -52,206.2 | -61,028.6 | -47,568.8 | — | |
| Free Cash Flow | 26,417.7 | 26,692.0 | 37,303.6 | 74,660.8 | 74,660.8 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Bharti Airtel (NSE: BHARTIARTL) had a market capitalisation of ₹12,03,806 crore at the 29 October 2026 close (₹1,972.10 a share), a PE ratio of 41.6 on the last four quarters' profit and a price-to-book ratio of 8.08. In FY26 its consolidated net profit attributable to shareholders was ₹26,695 crore on revenue of ₹2,10,973 crore; in Q1 FY27 (April–June 2026) it was ₹8,167 crore, up 37.3% year on year. Its debt-to-equity ratio was 0.62 on 31 March 2026. Promoters held 50.07% of the shares on 30 September 2026.
Bharti Airtel's PE ratio is 41.6 at the 29 October 2026 close (₹1,972.10 a share): a market capitalisation of ₹12,03,806 crore divided by consolidated net profit attributable to shareholders of ₹28,915 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹26,695 crore) it is 45.1.
Bharti Airtel's price-to-book (PB) ratio is 8.08 at the 29 October 2026 close: a market capitalisation of ₹12,03,806 crore divided by shareholders' equity (book value) of ₹1,49,057 crore on 31 March 2026. That is a book value of ₹244.19 per share against a share price of ₹1,972.10.
In FY26, Bharti Airtel's return on equity (ROE) was 20.3% and its return on capital employed (ROCE) was 18.8%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 34.3% and ROCE 14.9%.
Bharti Airtel's market capitalisation was ₹12,03,806 crore (₹12.04 lakh crore) at the 29 October 2026 close: 610.42 crore shares at ₹1,972.10 each.
Bharti Airtel's basic earnings per share (EPS) were ₹45.96 in FY26, against ₹58.00 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹49.01.
In 2026, Bharti Airtel has declared one dividend: ₹24 with record date 24 July 2026.
No. Bharti Airtel had borrowings of ₹1,21,671 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.62. Its cash and current investments were ₹44,077 crore, so its net debt was ₹77,594 crore.
Bharti Airtel's debt-to-equity ratio was 0.62 on 31 March 2026: borrowings of ₹1,21,671 crore against total equity of ₹1,95,963 crore. A year earlier, on 31 March 2025, it was 0.97.
Promoters held 50.07% of Bharti Airtel on 30 September 2026, unchanged from the previous quarter and down 0.20 percentage points from 50.27% a year earlier, according to the shareholding pattern filed with NSE.
Bharti Airtel's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,49,057 crore (₹1.49 lakh crore) on 31 March 2026, up 31.1% from ₹1,13,672 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹12,03,806 crore at the 29 October 2026 close.
Bharti Airtel's book value per share was ₹244.19 on 31 March 2026: shareholders' equity of ₹1,49,057 crore divided by the 610.42 crore shares in issue, up 24.6% from ₹195.98 a year earlier. The share price at the 29 October 2026 close was ₹1,972.10.
Bharti Airtel's latest results are for Q1 FY27 (April–June 2026), filed on 4 August 2026: consolidated net profit attributable to shareholders ₹8,167 crore, up 37.3% from ₹5,948 crore in Q1 FY26; revenue from operations ₹58,539 crore, up 18.4% year on year.
Bharti Airtel's dividend yield is 1.22% at the 29 October 2026 close: dividends of ₹24 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,972.10. They were ₹24 on 24 July 2026.
In FY26, Bharti Airtel generated ₹1,22,230 crore of cash from operations and spent ₹47,569 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹74,661 crore. In FY25 it was ₹37,304 crore.
In FY26 (April 2025–March 2026), Bharti Airtel's consolidated net profit attributable to shareholders was ₹26,695 crore, down 20.4% from ₹33,556 crore in FY25, on revenue from operations of ₹2,10,973 crore (up 22.0%). Over three years, from FY23, net profit was up 219.9%.
On 30 September 2026, Bharti Airtel's shares were held by promoters 50.07%, foreign portfolio investors (FII/FPI) 25.45%, domestic institutions (DII) 21.74% (including mutual funds at 12.29%) and retail and other non-institutional investors 2.72%. Over the year, FII holding was down 1.97 percentage points from 27.42% and DII holding was up 2.23 percentage points from 19.51%.
On FY26 consolidated figures, against Reliance Industries, Vodafone Idea and Tata Communications: Bharti Airtel's operating margin of 31.7% is the highest of the four (Reliance Industries 11.3%, Vodafone Idea −6.9%, Tata Communications 8.1%; peer average 4.1%); its revenue growth over three years of 14.9% a year is the highest of the four (Reliance Industries 6.5% a year, Vodafone Idea 2.1% a year, Tata Communications 11.6% a year; peer average 6.7% a year).
In FY26, Bharti Airtel earned net profit attributable to shareholders of ₹26,695 crore on revenue of ₹2,10,973 crore, against ₹80,775 crore on ₹10,75,675 crore for Reliance Industries. Bharti Airtel's operating margin was 31.7% (Reliance Industries 11.3%) and its return on equity 20.3% (Reliance Industries 9.3%). At the 29 October 2026 close, Bharti Airtel's market capitalisation was ₹12,03,806 crore against ₹15,79,842 crore for Reliance Industries, and its PE ratio on FY26 profit 45.1 against 19.6.
Bharti Airtel will announce its Q2 FY27 results (July–September 2026) on Thursday, 5 November 2026, the date of the board meeting it has notified to the exchanges.
From Bharti Airtel's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.