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As of 2026-08-25
For the quarter ending June 30, 2026 (Q1 FY2026-27), Bharti Airtel reported Revenue from Operations of ₹58,539.10 crore. Profit Before Tax was ₹13,664.60 crore, and Tax Expense was ₹3,761.20 crore. The company's Basic Earnings Per Share was ₹13.38.
Bharti Airtel has shown growth in Compounded Profit Growth over different periods, with 45% over 3 years and 22% over 5 years, though it was 6% on a TTM (Trailing Twelve Months) basis. Compounded Sales Growth was 15% over 3 years and 16% over 5 years, with 20% on a TTM basis. Return on Equity was 20% over 3 years and 17% over 5 years. The company's borrowings increased from ₹162,785 crore in March 2021 to ₹226,020 crore in March 2023, before decreasing to ₹215,592 crore in March 2024.
As of June 30, 2026, Bharti Airtel's key financial ratios include an Earnings Per Share of ₹13.38, a Net Profit Margin of 13.95%, an Interest Coverage ratio of 3.29, an Ebit Margin of 33.52%, and an Ebitda Margin of 57.83%. The Price to Earnings ratio was 40.21, and TTM EPS was 49.01.
Recent news includes the Supreme Court dismissing the Centre's review plea in a Goods and Services Tax (GST) case involving Bharti Airtel. There have also been reports about Jio Prime targeting subscribers of competitors like Vodafone Idea and Bharti Airtel, and a list of stocks to watch on August 18, 2026, included Bharti Airtel, Paytm, and GMR Airports.
As of August 24, 2026, Bharti Airtel's daily trend is described as a weak downtrend, with the price below the 20-day Simple Moving Average (SMA). However, on a weekly timeframe, the trend is a weak uptrend, with the price above the 20-day EMA. The stock exhibits high volatility. Recent technical anomalies include a 'High participation, no clear direction' event on August 24, 2026, and a 'Large intraday price swing' on August 14, 2026.
Key support levels identified include S1 Support at ₹1935.10, which has been touched 12 times since July 17, 2025. Other support levels are ₹1819.92 (S3 Support) and ₹1565.09 (S4 Support). Key resistance levels include R1 Resistance at ₹1953.80, R2 Resistance at ₹2005.80, and R3 Resistance at ₹2037.91.
Recent drawdown and price variability remain within the producer's contained-risk thresholds.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹58,539.10 crore | ₹55,383.20 crore | ₹53,981.60 crore | ₹52,145.40 crore | ₹49,462.60 crore |
| Profit Before Tax | PEAK₹13,664.60 crore | ₹9,960.30 crore | ₹12,185 crore | ₹12,241.30 crore | ₹10,421.60 crore |
| Tax Expense | ₹3,761.20 crore | ₹797.30 crore | PEAK₹3,798.50 crore | ₹3,671.50 crore | ₹3,082.60 crore |
| Other Unallocable Expenditure Net Off Un Allocable Income | ₹435.40 crore | PEAK₹3,399.40 crore | ₹326.60 crore | ₹67.60 crore | ₹81 crore |
| Finance Costs | PEAK₹5,956.40 crore | ₹5,605.60 crore | ₹5,623.20 crore | ₹4,865.70 crore | ₹5,460.80 crore |
| Basic Earnings Loss Per Share From Continuing And Discontinued Operations | PEAK₹13.38 per share | ₹12.53 per share | ₹11.44 per share | ₹11.66 per share | ₹10.26 per share |
Bharti Airtel reported a quarter of accelerating revenue growth and a sharp sequential rebound in profit before tax. The QoQ profit surge was largely driven by the reversal of two unusual items that had depressed the previous quarter: a spike in other unallocable expenditure and an anomalously low tax expense. On a year-on-year basis, both revenue and profit grew at double-digit rates, with profit growth outpacing revenue. Finance costs edged higher, but earnings per share rose strongly with minimal dilution.
Revenue from operations reached ₹58,539 crore in Q1 FY27, up 5.7% from ₹55,383 crore in Q4 FY26 and 18.4% from ₹49,463 crore in Q1 FY26. The sequential growth rate accelerated from the 2.6% increase seen in the prior quarter (Q3 to Q4 FY26), and the YoY growth of 18.4% is the highest among the five quarters shown. This marks the fifth consecutive quarter of revenue expansion, with the pace picking up.
Profit before tax (PBT) rose to ₹13,665 crore, up 37.2% from ₹9,960 crore in Q4 FY26 and 31.1% from ₹10,422 crore in Q1 FY26. The QoQ increase of ₹3,704 crore is largely explained by a single line item: other unallocable expenditure (net of income) fell from ₹3,399 crore in Q4 FY26 to ₹435 crore in Q1 FY27, a reduction of ₹2,964 crore. This reversal accounts for about 80% of the PBT improvement. The remaining increase reflects the higher revenue base and likely other cost efficiencies, though detailed expense breakdowns are not available in the supplied evidence.
The YoY PBT growth of 31% exceeded the 18% revenue growth, indicating that the underlying business is generating higher margins even after excluding the Q4 anomalies.
Tax expense in Q1 FY27 was ₹3,761 crore, up sharply from ₹797 crore in Q4 FY26 but in line with the ₹3,083–₹3,799 crore range seen in the first three quarters of FY26. The Q4 figure was an outlier—less than a quarter of the typical quarterly level. The normalization in Q1 FY27 restores the effective tax rate to a more typical range. The near-perfect symmetry between the QoQ increase in tax expense (₹2,964 crore) and the QoQ decrease in other unallocable expenditure (₹2,964 crore) suggests the two items are linked, though the exact accounting relationship is not specified in the evidence.
Other unallocable expenditure (net) was ₹435 crore in Q1 FY27, down 87% from the Q4 FY26 spike of ₹3,399 crore. While still higher than the ₹81 crore recorded in Q1 FY26 and ₹68 crore in Q2 FY26, it is closer to the ₹327 crore level of Q3 FY26. The Q4 spike appears to have been a one-time event, and the Q1 figure represents a return to a more normal, albeit slightly elevated, range.
Finance costs rose to ₹5,956 crore in Q1 FY27, up 6.3% from ₹5,606 crore in Q4 FY26 and 9.1% from ₹5,461 crore in Q1 FY26. The increase is gradual and consistent with the trend over the past year. As a proportion of revenue, finance costs declined from 11.0% in Q1 FY26 to 10.2% in Q1 FY27, indicating that revenue growth is outpacing the rise in interest expenses.
Basic earnings per share (EPS) rose to ₹13.38, up 6.8% from ₹12.53 in Q4 FY26 and 30.4% from ₹10.26 in Q1 FY26. Diluted EPS was nearly identical at ₹13.37, indicating a simple capital structure with minimal dilutive instruments. The YoY EPS growth of 30% is in line with PBT growth, and the QoQ growth is lower due to the tax normalization effect. The near-equality of basic and diluted EPS confirms that share dilution is not a material factor.
The following is based on management statements from filing-day announcements.
Management attributed the quarter’s performance to the resilience of the diversified portfolio and sharp execution across businesses. Consolidated revenue grew 18.4% YoY, driven by strong growth across India and Africa operations. India mobile ARPU reached a record ₹264, with 21.1 million YoY smartphone data customer additions and the highest-ever quarterly postpaid adds of 1 million. Homes revenue surged 33.2% YoY and Airtel Business grew 12% YoY, underpinned by convergence and strong digital services momentum. Africa delivered 21.1% constant currency revenue growth. Management expressed strong conviction in Africa’s long-term growth after completing an EPS-accretive share swap, increasing stake in Airtel Africa to over 79%. Consolidated net debt to EBITDA improved to 1.17 from 1.70 a year ago, with management citing disciplined capital allocation and a strong balance sheet.
Bharti Airtel delivered a quarter of accelerating revenue growth and a sharp rebound in profitability after a Q4 that was distorted by unusual items. The underlying business trends—rising ARPU, strong customer additions, and growth across homes and enterprise—are evident from management commentary. Finance costs are rising but are well covered by revenue growth, and the balance sheet continues to strengthen, with net debt to EBITDA improving significantly. The quarter’s results reflect a business that is generating higher revenue and profit on a year-on-year basis, with the sequential volatility in Q4 largely reversed.
Exchange disclosures and regulatory announcements for Bharti Airtel.
On August 24, 2026, the Department of Telecommunications (DoT), Uttar Pradesh (East) issued a notice to Bharti Airtel Limited imposing a penalty of Rs. 105,000 for alleged violations of subscriber verification norms identified during a Customer Application Form Audit covering June 2026. The company has elected not to contest the fine and will pay the amount as required.
Bharti Airtel received a notice from the Department of Telecommunications, Uttar Pradesh (East) LSA on August 24, 2026, imposing a penalty of Rs. 1,05,000 for alleged violation of subscriber verification norms identified during a Customer Application Form Audit for June 2026. The company has opted not to contest and will pay the penalty.
Bharti Airtel Limited disclosed on August 21, 2026, that it will participate in the Singtel Investor Day group or one-on-one meeting scheduled for August 27, 2026, in Singapore. The filing confirms that no unpublished price-sensitive information will be shared during this event and notes that the schedule is subject to change due to exigencies.
Bharti Airtel Limited informed exchanges of its schedule for an Institutional Investor Meet on August 27, 2026, in Singapore. The meeting is for the Singtel Investor Day and investor meetings organized by HSBC, with the mode being in-person/ physical.
Bharti Airtel Limited completed the conversion of 460,340 partly paid-up equity shares into fully paid-up equity shares following the receipt of the First and Final Call, with trading commencing on August 19, 2026. While the company initially approved the conversion for 460,833 shares, technical errors in shareholders' demat accounts prevented the completion of corporate actions for 493 shares, which will be addressed upon shareholder request. Listing and trading approvals were secured from both the National Stock Exchange of India Limited and BSE Limited for the successfully converted shares under ISIN INE397D01024.
Airtel Payments Bank announced a board transition: Sunil Bharti Mittal will step down as Non-Executive Chairman and from the Board effective September 30, 2026. Shabnam Sinha will succeed him as Chairperson for a three-year term starting October 1, 2026, following Board appointment and RBI approval.
Bharti Airtel Limited disclosed its participation in the Motilal Oswal Annual Global Investor Conference scheduled for August 18, 2026, in Mumbai. The event is categorized as a group or one-on-one meeting with analysts and institutional investors. Company Secretary Rohit Krishan Puri confirmed that no unpublished price-sensitive information will be shared during the session.
Bharti Airtel Limited has announced an in-person analyst meet scheduled for August 18, 2026, at 11:00 AM in Mumbai as part of the Motilal Oswal Annual Global Investor Conference. The event is designated as a group meeting with an investor group, and Mr. Naval Seth serves as the contact person for inquiries.
Bharti Airtel Limited uploaded the transcript of its earnings call, which concluded on August 5, 2026, at 13:20 IST, to its website on August 10, 2026. The company had previously disclosed prior intimation of this call to the exchange on July 30, 2026. The transcript is accessible via the provided link at https://www.airtel.in/about-bharti/equity/results.
Bharti Airtel Limited uploaded the transcript of its earnings call, which concluded on August 5, 2026, to its website on August 10, 2026. The company had previously disclosed prior intimation of this call to the exchange on July 30, 2026. The transcript is accessible via the provided link at https://www.airtel.in/about-bharti/equity/results.
On August 10, 2026, Airtel Business and ITI Limited entered into a strategic partnership to accelerate India's digital transformation by combining enterprise connectivity with ITI's manufacturing capabilities. The collaboration focuses on delivering integrated solutions including sovereign cloud services, IoT, AI-powered analytics, cybersecurity, and LEO satellite services for regulated sectors and defense needs. Key executives Rajesh Rai of ITI Limited and Sharat Sinha of Airtel Business highlighted the MoU as a joint effort to modernize legacy systems and support Make in India initiatives.
On August 6, 2026, Bharti Airtel Limited's step-down subsidiary Nxtra Data Limited agreed to acquire Rochak Systems Private Limited and Rovision Tech Hub Private Limited to expand its data centre business. The target entities, incorporated in May 2025, are pre-operational companies developing land for data centres in India and have reported zero turnover, profit, and net worth. While the acquisition is structured as a cash transaction to be completed in tranches at an arms-length basis, the specific valuation and consideration amounts remain undisclosed due to confidentiality.
Bharti Airtel Limited received a notice from the Department of Telecommunications (DoT) on August 6, 2026, imposing a penalty of Rs. 1,00,000 for alleged violation of subscriber verification norms. The DoT conducted a Customer Application Form Audit for Q4 2025-26 and alleged non-compliance with license agreement terms. Bharti Airtel stated it does not agree with the notice and will take appropriate action for rectification or reversal.
On August 6, 2026, the Department of Telecommunications (DoT) in Jammu & Kashmir issued a notice to Bharti Airtel Limited imposing a penalty of Rs. 1,00,000 for alleged violations of subscriber verification norms during the Customer Application Form Audit for Quarter 4, 2025-26. The company stated it does not agree with the notice and intends to take appropriate action to seek rectification or reversal of the penalty.
Nxtra Data Limited, a subsidiary of Bharti Airtel Limited, has entered into agreements to acquire up to 85% stake each in Rochak Systems Private Limited and Rovision Tech Hub Private Limited. Both target entities are recently incorporated in India and are yet to commence commercial operations, with plans to develop land for data center construction. The acquisitions are intended to expand Nxtra Data's data center business and will involve cash consideration at an agreed valuation, which is not disclosed due to confidentiality. The transactions are not related party transactions and are expected to be completed as mutually agreed.
Bharti Airtel Limited published audited financial results for the first quarter ended June 30, 2026, following a Board of Directors meeting on August 4, 2026. These results were advertised in the newspapers Mint and Hindustan on August 5, 2026, and are available on the company's and stock exchanges' websites.
Bharti Airtel Limited disclosed on 2026-08-05 that audio and video recordings of its earnings call, which concluded at 13:20 on 2026-08-05, were uploaded to its website at 17:38 on 2026-08-05. The prior intimation of the earnings call to the exchange was made on 2026-07-30. The recordings are available at https://www.airtel.in/about-bharti/equity/results.
Bharti Airtel Limited has uploaded the audio/video recording of its Earnings Call held on August 05, 2026, concerning the audited financial results for the first quarter ended June 30, 2026. The recording is available on the company's website.
Bharti Airtel Limited submitted its Monitoring Agency Report and a statement of nil deviation for the quarter ended June 30, 2026, regarding the utilization of proceeds from the First and Final Call on partly paid-up equity shares. The report, issued by Axis Bank Limited on August 4, 2026, confirmed that the utilization of funds was in line with the offer document. The company received Rs. 15,695.98 Crore towards the First and Final Call on 391,176,994 partly paid-up equity shares.
Bharti Airtel Limited announced a change in Senior Management Personnel effective August 5, 2026, due to internal organizational changes. Vivek Mehta has been appointed as Chief Internal Auditor and Head - Internal Assurance, replacing Ramjee Verma. This change was approved by the Board of Directors on August 4, 2026.
Bharti Airtel Limited has released its quarterly report for the first quarter ended June 30, 2026. The company reported reaching over 650 million customers globally, becoming the world's second-largest mobile operator. S&P Global upgraded Bharti Airtel's credit rating to 'BBB+'. The company also launched Airtel Secure Workforce, a Zero Trust Architecture security solution, and expanded its 5G network with over 2,900 new sites in the Upper North region and over 3,400 new sites in Maharashtra & Goa.
On August 4, 2026, Bharti Airtel Limited received an order from the Telecom Regulatory Authority of India (TRAI) imposing a financial disincentive of INR 5,50,000. This penalty is for alleged non-compliance with the Standards of Quality of Service Regulations for December 2025. The company is reviewing the order and will take appropriate action.
Bharti Airtel reported audited consolidated financial results for the quarter ended June 30, 2026, with revenues of Rs 58,539 crore, an 18.4% year-over-year increase. The company completed a share swap transaction increasing its stake in Airtel Africa Plc to over 79% and recognized an exceptional charge of Rs 3,534 million for a commercial dispute in an African subsidiary. The Board of Directors approved these results on August 4, 2026.
Bharti Airtel Limited received an order from the Telecom Regulatory Authority of India (TRAI) on August 4, 2026, levying a financial disincentive of INR 5,50,000. This action is due to alleged non-compliance with the Standards of Quality of Service of Access (Wireline and Wireless) and Broadband (Wireline and Wireless) Service Regulations, 2024. The company is reviewing the order and will take appropriate action.
Bharti Airtel Limited announced a change in Senior Management Personnel effective August 5, 2026, due to internal organizational changes. Vivek Mehta has been appointed as Chief Internal Auditor and Head - Internal Assurance, replacing Ramjee Verma. This change was approved by the Board of Directors on August 4, 2026.
Recent market and company developments associated with Bharti Airtel.
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The Supreme Court declined to halt a Bombay High Court ruling on spectrum charges. This decision impacts Bharti Airtel and Vodafone Idea regarding past spectrum usage. The High Court had previously quashed the government's ₹3,300 crore demand. This levy was for spectrum held beyond 6.2 MHz between 2008 and 2012. The Centre has now appealed this judgment to the Supreme Court.
Comprehensive Section Breakdown for Bharti Airtel
Strategic Vision: Global telecommunications company offering integrated mobile, broadband, and digital services.
Category: Consumer Tech
Offers cellular voice and high-speed data services across India, South Asia, and several countries in Africa.
Category: Consumer Tech
Provides fixed-line telephone and high-speed fiber-to-the-home (FTTH) broadband services.
Key Products & Services: Airtel Xstream Fiber
Category: Consumer Tech
Direct-to-Home (DTH) satellite television broadcasting services.
Category: B2B Services
Enterprise business division offering global network connectivity, cloud portfolio integration, and security infrastructure.
Category: B2B Services
Operates as Airtel's data center subsidiary, building and managing a network of core and edge data centers across India.
Key Products & Services: Nxtra by Airtel
Category: Financial Services
Provides basic banking, deposits, and cash withdrawal services, as well as merchant collection and cash management solutions.
Key Products & Services: Airtel Payments Bank
Core Thesis: The company operates a digital and physical infrastructure network designed to cross-promote services across its subscriber base.
• Mobile Services as a Funnel: The mobile subscriber network acts as the primary foundation for consumer services, directing customers to the 'Airtel Thanks' application for a unified digital interface. • Airtel Payments Bank Integration: The payments bank is embedded into the consumer mobile ecosystem, utilizing retail outlets as local banking points. • Digital Infrastructure Backbone: Nxtra operates data centers hosting internal databases and providing colocation, cloud storage, and hosting services to external clients. • Airtel Business (Enterprise Solutions): Leverages the group’s network to provide corporate connectivity, SDN, IoT platforms, and cybersecurity services.
• Integrated business model spanning mobile, home broadband, digital TV, data centers, and digital financial services.
• Extensive physical distribution footprint for banking services.
• National fiber-optic network and undersea cables for enterprise solutions.
• Unified digital interface through the 'Airtel Thanks' application.