Bharti Airtel shares fall 1.55%; stock among top losers on Nifty 50

Shares of Bharti Airtel were trading lower in Thursday's session, with the stock priced at Rs 1,988.30, a decline of 1.55% and among the top losers on Nifty 50, according to data at 10:10 am.

Financial Performance:

The following table presents the consolidated quarterly financial performance of Bharti Airtel:

HeadingMar 2024Jun 2024Sep 2024Dec 2024

Mar 2025

RevenueRs 37,599.10 CroreRs 38,506.40 CroreRs 41,473.30 CroreRs 45,129.30 Crore

Rs 47,876.20 CroreNet ProfitRs 1,237.90 CroreRs 3,805.80 CroreRs 3,079.50 CroreRs 14,474.90 Crore

Rs 12,418.10 CroreEPS3.617.216.2125.54

19.02

The company's revenue has increased consistently over the quarters, with the revenue for the quarter ending March 2025 at Rs 47,876.20 Crore compared to Rs 37,599.10 Crore in March 2024. The net profit also shows significant fluctuations, with a substantial increase in the December 2024 quarter.

The following table presents the consolidated yearly financial performance of Bharti Airtel:

Heading2021202220232024

2025

RevenueRs 100,615.80 CroreRs 116,546.90 CroreRs 139,144.80 CroreRs 149,982.40 Crore

Rs 172,985.20 CroreNet ProfitRs -23,327.90 CroreRs 5,882.00 CroreRs 11,535.30 CroreRs 5,848.60 Crore

Rs 33,778.30 CroreEPS-27.657.6714.8013.09

58.00BVPS147.90164.46210.95216.40

195.98ROE-25.586.399.197.39

29.52Debt to Equity2.202.001.821.50

1.30

The company's annual revenue has shown consistent growth, increasing from Rs 100,615.80 Crore in 2021 to Rs 172,985.20 Crore in 2025. Net profit has also significantly improved, with a substantial profit reported in 2025 compared to a loss in 2021. The debt-to-equity ratio has decreased steadily over the years.

The following table summarizes the key figures from the consolidated yearly Income Statement:

Mar 2025Mar 2024Mar 2023Mar 2022

Mar 2021

SalesRs 172,985 CroreRs 149,982 CroreRs 139,144 CroreRs 116,546 Crore

Rs 100,615 CroreOther IncomeRs 1,573 CroreRs 1,435 CroreRs 936 CroreRs 534 Crore

Rs 642 CroreTotal IncomeRs 174,558 CroreRs 151,417 CroreRs 140,081 CroreRs 117,081 Crore

Rs 101,258 CroreTotal ExpenditureRs 118,109 CroreRs 118,800 CroreRs 104,972 CroreRs 90,405 Crore

Rs 100,563 CroreEBITRs 56,449 CroreRs 32,617 CroreRs 35,108 CroreRs 26,676 Crore

Rs 695 CroreInterestRs 21,753 CroreRs 22,647 CroreRs 19,299 CroreRs 16,616 Crore

Rs 15,091 CroreTaxRs 917 CroreRs 4,121 CroreRs 4,273 CroreRs 4,177 Crore

Rs 8,932 CroreNet ProfitRs 33,778 CroreRs 5,848 CroreRs 11,535 CroreRs 5,882 Crore

Rs -23,327 Crore

Sales for March 2025 stood at Rs 172,985 crore, up from Rs 149,982 crore in March 2024. Total expenditure was Rs 118,109 crore in March 2025 compared to Rs 118,800 crore in March 2024. Interest paid was Rs 21,753 crore and net profit was Rs 33,778 crore.

The following table shows the quarterly figures from the consolidated Income Statement:

Mar 2025Dec 2024Sep 2024Jun 2024

Mar 2024

SalesRs 47,876 CroreRs 45,129 CroreRs 41,473 CroreRs 38,506 Crore

Rs 37,599 CroreOther IncomeRs 485 CroreRs 469 CroreRs 254 CroreRs 363 Crore

Rs 316 CroreTotal IncomeRs 48,362 CroreRs 45,599 CroreRs 41,728 CroreRs 38,869 Crore

Rs 37,916 CroreTotal ExpenditureRs 33,333 CroreRs 24,691 CroreRs 31,480 CroreRs 28,603 Crore

Rs 30,765 CroreEBITRs 15,028 CroreRs 20,907 CroreRs 10,247 CroreRs 10,266 Crore

Rs 7,151 CroreInterestRs 5,502 CroreRs 5,675 CroreRs 5,423 CroreRs 5,152 Crore

Rs 5,203 CroreTaxRs -2,891 CroreRs 757 CroreRs 1,744 CroreRs 1,307 Crore

Rs 709 CroreNet ProfitRs 12,418 CroreRs 14,474 CroreRs 3,079 CroreRs 3,805 Crore

Rs 1,237 Crore

Sales for the quarter ending March 2025 stood at Rs 47,876 crore. Total expenditure for the same quarter was Rs 33,333 crore, while net profit stood at Rs 12,418 crore.

The following table provides the consolidated Cash Flow details:

Mar 2025Mar 2024Mar 2023Mar 2022

Mar 2021

Operating ActivitiesRs 98,332 CroreRs 78,898 CroreRs 65,324 CroreRs 55,016 Crore

Rs 48,205 CroreInvesting ActivitiesRs -60,269 CroreRs -50,203 CroreRs -39,080 CroreRs -41,869 Crore

Rs -26,888 CroreFinancing ActivitiesRs -36,533 CroreRs -27,778 CroreRs -24,469 CroreRs -15,203 Crore

Rs -24,910 CroreOthersRs 71 CroreRs -885 CroreRs -152 CroreRs 391 Crore

Rs -397 CroreNet Cash FlowRs 1,600 CroreRs 30 CroreRs 1,622 CroreRs -1,664 Crore

Rs -3,990 Crore

Cash flow from operating activities for March 2025 was Rs 98,332 crore. Investing activities resulted in a cash outflow of Rs 60,269 crore, while financing activities saw an outflow of Rs 36,533 crore.

The following table shows the consolidated Balance Sheet details:

Mar 2025Mar 2024Mar 2023Mar 2022

Mar 2021

Share CapitalRs 2,900 CroreRs 2,876 CroreRs 2,836 CroreRs 2,795 Crore

Rs 2,746 CroreReserves & SurplusRs 110,771 CroreRs 97,870 CroreRs 87,783 CroreRs 63,759 Crore

Rs 56,206 CroreCurrent LiabilitiesRs 180,440 CroreRs 138,667 CroreRs 121,963 CroreRs 114,026 Crore

Rs 111,635 CroreOther LiabilitiesRs 220,248 CroreRs 205,116 CroreRs 234,049 CroreRs 183,075 Crore

Rs 175,439 CroreTotal LiabilitiesRs 514,360 CroreRs 444,531 CroreRs 446,633 CroreRs 363,656 Crore

Rs 346,027 CroreFixed AssetsRs 347,769 CroreRs 293,705 CroreRs 293,045 CroreRs 216,206 Crore

Rs 196,299 CroreCurrent AssetsRs 67,588 CroreRs 58,276 CroreRs 57,501 CroreRs 52,027 Crore

Rs 54,752 CroreOther AssetsRs 99,001 CroreRs 92,549 CroreRs 96,086 CroreRs 95,421 Crore

Rs 94,975 CroreTotal AssetsRs 514,360 CroreRs 444,531 CroreRs 446,633 CroreRs 363,656 Crore

Rs 346,027 CroreContingent LiabilitiesRs 0 CroreRs 33,691 CroreRs 41,262 CroreRs 28,283 Crore

Rs 35,592 Crore

Total assets for March 2025 stood at Rs 514,360 crore, matching the total liabilities. Fixed assets were valued at Rs 347,769 crore, and current assets at Rs 67,588 crore.

Key financial ratios for Bharti Airtel are as follows:

RatioMar 2021Mar 2022Mar 2023Mar 2024

Mar 2025

Basic EPS (Rs.)-27.657.6714.8013.09

58.00Diluted EPS (Rs.)-27.657.6314.5712.80

56.04Book Value / Share (Rs.)147.90164.46210.95216.40

195.98Dividend/Share (Rs.)0.003.004.008.00

16.00Face Value5555

5Gross Profit Margin (%)45.7349.8251.8953.15

54.76Operating Margin (%)16.5021.4325.7126.79

28.42Net Profit Margin (%)-12.195.048.293.89

19.52Return on Networth / Equity (%)-25.586.399.197.39

29.52ROCE (%)7.0810.0011.0113.13

14.72Return On Assets (%)-4.351.171.861.67

6.52Current Ratio (X)0.490.460.470.42

0.37Quick Ratio (X)0.490.450.470.42

0.37Debt to Equity (x)2.202.001.821.50

1.30Interest Coverage Ratios (X)1.103.493.743.52

4.35Asset Turnover Ratio (%)29.070.220.240.34

0.36Inventory Turnover Ratio (X)378.250.000.000.00

0.003 Yr CAGR Sales (%)9.6520.1226.0822.09

21.833 Yr CAGR Net Profit (%)355.85110.15-39.31-49.93

139.64P/E (x)-18.3698.4350.6193.86

29.89P/B (x)4.826.344.687.00

8.83EV/EBITDA (x)9.199.778.3910.86

12.41P/S (x)2.823.623.054.71

5.80

As of March 2025, Bharti Airtel has a P/E ratio of 29.89 and a P/B ratio of 8.83. The company reported a debt-to-equity ratio of 1.30 as of the year-ending March 2025.

Corporate Actions:

Bharti Airtel has announced a final dividend of Rs 16 per share (320%) with an effective date of July 18, 2025. Other corporate announcements include the incorporation of a step-down wholly owned subsidiary, and a press release regarding Bharti Airtel choosing Ericsson core for Fixed Wireless Access, dated July 9, 2025.

According to Moneycontrol analysis, the sentiment for Bharti Airtel is very bullish.With the stock currently trading at Rs 1,988.30, Bharti Airtel is experiencing a downturn in today's session and is among the top losers on Nifty 50.