Bharti Airtel Ltd.
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; 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 network integration, managed services, CPaaS, PaaS, cloud, cybersecurity, IoT, and data center services, as well as enterprise mobility applications. In addition, the company offers post-paid, prepaid, roaming, internet, and various value-added services, as well as mobile TV, video calls, live-streaming videos, gaming, video streaming, and other 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 New Delhi, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Nov has averaged the highest return (+5.6%); Feb the lowest (-1.0%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -6.5%Negative MonthJan 2026: -6.53% | -4.5%Negative MonthFeb 2026: -4.49% | -5.1%Negative MonthMar 2026: -5.08% | +5.7%Positive MonthApr 2026: +5.70% | -0.8%Neutral MonthMay 2026: -0.78% | -1.0%Neutral MonthJun 2026: -1.03% | +6.3%Positive MonthJul 2026: +6.30% | -3.2%*Negative MonthAug 2026: -3.24% | β | β | β | β |
| 2025 | +2.4%Positive MonthJan 2025: +2.43% | -3.5%Negative MonthFeb 2025: -3.51% | +10.3%Positive MonthMar 2025: +10.28% | +7.7%Positive MonthApr 2025: +7.67% | -0.4%Neutral MonthMay 2025: -0.37% | +8.2%Positive MonthJun 2025: +8.22% | -4.8%Negative MonthJul 2025: -4.79% | -1.3%Neutral MonthAug 2025: -1.26% | -0.6%Neutral MonthSep 2025: -0.59% | +9.4%Positive MonthOct 2025: +9.40% | +2.3%Positive MonthNov 2025: +2.26% | +0.2%Neutral MonthDec 2025: +0.22% |
| 2024 | +13.3%Positive MonthJan 2024: +13.35% | -4.1%Negative MonthFeb 2024: -4.08% | +9.5%Positive MonthMar 2024: +9.45% | +7.6%Positive MonthApr 2024: +7.63% | +3.7%Positive MonthMay 2024: +3.70% | +5.4%Positive MonthJun 2024: +5.36% | +3.3%Positive MonthJul 2024: +3.29% | +6.4%Positive MonthAug 2024: +6.43% | +7.6%Positive MonthSep 2024: +7.61% | -5.7%Negative MonthOct 2024: -5.75% | +1.0%Neutral MonthNov 2024: +0.98% | -2.4%Negative MonthDec 2024: -2.41% |
| 2023 | -4.5%Negative MonthJan 2023: -4.52% | -3.5%Negative MonthFeb 2023: -3.54% | +0.8%Neutral MonthMar 2023: +0.81% | +6.7%Positive MonthApr 2023: +6.68% | +7.3%Positive MonthMay 2023: +7.31% | +2.4%Positive MonthJun 2023: +2.42% | +1.9%Neutral MonthJul 2023: +1.88% | -4.2%Negative MonthAug 2023: -4.24% | +8.1%Positive MonthSep 2023: +8.12% | -1.3%Neutral MonthOct 2023: -1.32% | +11.0%Positive MonthNov 2023: +10.98% | +1.8%Neutral MonthDec 2023: +1.80% |
| 2022 | +6.7%Positive MonthJan 2022: +6.66% | -5.9%Negative MonthFeb 2022: -5.92% | +10.1%Positive MonthMar 2022: +10.08% | -2.1%Negative MonthApr 2022: -2.08% | -5.2%Negative MonthMay 2022: -5.22% | -2.5%Negative MonthJun 2022: -2.45% | -0.9%Neutral MonthJul 2022: -0.88% | +7.2%Positive MonthAug 2022: +7.17% | +10.1%Positive MonthSep 2022: +10.08% | +4.0%Positive MonthOct 2022: +4.03% | +2.0%Positive MonthNov 2022: +2.00% | -4.9%Negative MonthDec 2022: -4.94% |
| 2021 | +8.6%Positive MonthJan 2021: +8.61% | +0.5%Neutral MonthFeb 2021: +0.49% | -7.0%Negative MonthMar 2021: -7.01% | +3.8%Positive MonthApr 2021: +3.76% | +1.5%Neutral MonthMay 2021: +1.54% | -1.9%Neutral MonthJun 2021: -1.85% | +7.0%Positive MonthJul 2021: +7.02% | +18.1%Positive MonthAug 2021: +18.12% | +3.7%Positive MonthSep 2021: +3.68% | -0.3%Neutral MonthOct 2021: -0.28% | +6.2%Positive MonthNov 2021: +6.19% | -6.2%Negative MonthDec 2021: -6.16% |
| 2020 | +8.9%Positive MonthJan 2020: +8.92% | +5.4%Positive MonthFeb 2020: +5.45% | -15.8%Negative MonthMar 2020: -15.78% | +16.6%Positive MonthApr 2020: +16.65% | +7.4%Positive MonthMay 2020: +7.45% | +1.3%Neutral MonthJun 2020: +1.31% | -0.9%Neutral MonthJul 2020: -0.89% | -7.5%Negative MonthAug 2020: -7.52% | -18.0%Negative MonthSep 2020: -17.96% | +3.0%Positive MonthOct 2020: +3.04% | +6.8%Positive MonthNov 2020: +6.80% | +10.0%Positive MonthDec 2020: +10.03% |
| 2019 | -2.0%Neutral MonthJan 2019: -1.95% | +3.8%Positive MonthFeb 2019: +3.80% | +3.7%Positive MonthMar 2019: +3.74% | +5.7%Positive MonthApr 2019: +5.73% | +8.9%Positive MonthMay 2019: +8.90% | -0.6%Neutral MonthJun 2019: -0.62% | -2.6%Negative MonthJul 2019: -2.61% | +2.7%Positive MonthAug 2019: +2.73% | +5.8%Positive MonthSep 2019: +5.84% | +2.0%Neutral MonthOct 2019: +1.96% | +18.2%Positive MonthNov 2019: +18.22% | +3.0%Positive MonthDec 2019: +3.02% |
| 2018 | -17.0%Negative MonthJan 2018: -16.95% | -2.6%Negative MonthFeb 2018: -2.57% | -7.0%Negative MonthMar 2018: -6.97% | +2.7%Positive MonthApr 2018: +2.72% | -8.8%Negative MonthMay 2018: -8.78% | +2.2%Positive MonthJun 2018: +2.24% | +2.3%Positive MonthJul 2018: +2.26% | -1.7%Neutral MonthAug 2018: -1.73% | -11.8%Negative MonthSep 2018: -11.80% | -13.6%Negative MonthOct 2018: -13.65% | +7.2%Positive MonthNov 2018: +7.23% | -0.3%Neutral MonthDec 2018: -0.32% |
| 2017 | +13.9%Positive MonthJan 2017: +13.92% | +4.9%Positive MonthFeb 2017: +4.87% | -4.1%Negative MonthMar 2017: -4.14% | +1.6%Neutral MonthApr 2017: +1.56% | +4.5%Positive MonthMay 2017: +4.51% | +2.2%Positive MonthJun 2017: +2.19% | +10.3%Positive MonthJul 2017: +10.34% | +2.1%Positive MonthAug 2017: +2.09% | -8.9%Negative MonthSep 2017: -8.94% | +27.7%Positive MonthOct 2017: +27.67% | -0.2%Neutral MonthNov 2017: -0.15% | +6.7%Positive MonthDec 2017: +6.69% |
| 2016 | β | β | β | β | -3.4%Negative MonthMay 2016: -3.36% | +4.4%Positive MonthJun 2016: +4.38% | -1.3%Neutral MonthJul 2016: -1.29% | -8.4%Negative MonthAug 2016: -8.40% | -5.3%Negative MonthSep 2016: -5.32% | +1.5%Neutral MonthOct 2016: +1.54% | +1.8%Neutral MonthNov 2016: +1.80% | -5.8%Negative MonthDec 2016: -5.84% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 11 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ1.09 L Cr | β | βΉ23.50 K Cr | β | β | 16.8% | 15.8% | 371.2% |
| Mar 2024 | βΉ94.12 K Cr | β | βΉ4.99 K Cr | β | β | 4.9% | 11.1% | -5642.2% |
| Mar 2023 | βΉ84.72 K Cr | β | βΉ-90.00 | β | β | -0.1% | 19.7% | -97.7% |
| Mar 2022 | βΉ70.80 K Cr | β | βΉ-3864.00 | β | β | -5.2% | 10.1% | -84.7% |
| Mar 2021 | βΉ64.33 K Cr | β | βΉ-25198.00 | β | β | -32.6% | 18.4% | -30.2% |
| Mar 2020 | βΉ54.32 K Cr | β | βΉ-36088.00 | β | β | -35.6% | 9.5% | 1830.9% |
| Mar 2019 | βΉ49.61 K Cr | β | βΉ-1869.00 | β | β | -1.9% | -7.6% | -2465.8% |
| Mar 2018 | βΉ53.66 K Cr | β | βΉ79.00 Cr | β | β | 0.1% | -13.8% | -100.8% |
| Mar 2017 | βΉ62.28 K Cr | β | βΉ-9926.00 | β | β | -9.8% | 3.3% | -227.6% |
| Mar 2016 | βΉ60.30 K Cr | β | βΉ7.78 K Cr | β | β | 7.0% | 8.7% | -41.1% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 49,918 | 55,496 | 60,300 | 62,276 | 53,663 | 49,606 | 54,317 | 64,326 | 70,795 | 84,720 | 94,120 | 108,944 | 116,384 |
| Total Expenses | 33,620 | 36,010 | 37,887 | 38,351 | 35,798 | 34,994 | 34,058 | 36,342 | 36,094 | 40,921 | 43,998 | 56,350 | 49,683 |
| EBIT / Operating Profit | 16,299 | 19,486 | 22,413 | 23,925 | 17,864 | 14,612 | 20,259 | 27,984 | 34,700 | 43,799 | 50,122 | 52,593 | 66,701 |
| OPM % | 33% | 35% | 37% | 38% | 33% | 29% | 37% | 44% | 49% | 52% | 53% | 48% | 57% |
| Other Income | 646 | 5,138 | 962 | -14,977 | 414 | 3,112 | -39,425 | -12,635 | -1,406 | -1,643 | 508 | 13,022 | 4,687 |
| Finance Costs | 1,336 | 1,409 | 3,545 | 5,255 | 5,911 | 7,848 | 11,463 | 11,817 | 13,221 | 14,532 | 14,405 | 15,240 | 15,388 |
| Depreciation & Amortisation | 7,231 | 7,560 | 9,575 | 12,203 | 13,049 | 15,120 | 20,392 | 21,998 | 24,330 | 26,355 | 29,108 | 32,511 | 33,348 |
| Profit Before Tax | 8,377 | 15,655 | 10,254 | -8,510 | -681 | -5,244 | -51,021 | -18,465 | -4,256 | 1,269 | 7,116 | 17,864 | 22,651 |
| Tax % | 21% | 16% | 24% | 17% | -112% | -64% | -29% | 36% | -9% | 107% | 30% | -32% | - |
| Net Profit / PAT | 6,600 | 13,200 | 7,780 | -9,926 | 79 | -1,869 | -36,088 | -25,198 | -3,864 | -90 | 4,988 | 23,502 | 26,824 |
| EPS (βΉ) | 12.01 | 24.01 | 14.15 | -18.05 | 0.14 | -3.40 | -61.74 | -42.82 | -6.57 | -0.16 | 8.82 | 41.22 | 47.06 |
| Dividend Payout % | 11% | 12% | 7% | -4% | 2,695% | -53% | -3% | 0% | -43% | -2,533% | 92% | 39% | - |
Peer Comparison
Technology sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Bharti Airtel Ltd.this co. | βΉ12.19 L Cr | βΉ1.09 L Cr | 50.40 | 8.31 | 27.19 | 15.8% |
| Tata Consultancy Services Ltd. | βΉ11.84 L Cr | βΉ2.15 L Cr | 24.20 | 13.91 | 18.91 | 6.2% |
| Infosys Ltd | βΉ6.48 L Cr | βΉ1.37 L Cr | 24.20 | 7.17 | 16.31 | 5.9% |
| HCL Technologies Ltd | βΉ4.52 L Cr | βΉ51.10 K Cr | 36.80 | 14.48 | β | 6.2% |
| Bharat Electronics Ltd. | βΉ3.02 L Cr | βΉ23.66 K Cr | 53.30 | 14.23 | 51.32 | 17.3% |
| Wipro Ltd. | βΉ2.77 L Cr | βΉ67.29 K Cr | 23.00 | 4.29 | 18.85 | 0.8% |
| LTIMindtree Limited | βΉ1.81 L Cr | βΉ36.68 K Cr | 37.70 | 8.05 | 26.35 | 7.1% |
| Industry Average | β | βΉ10.05 K Cr | 69.99 | 8.58 | 66.75 | 22.0% |