Bharti Airtel Limited (BHARTIARTL) Financial Results — Revenue ₹2,110 Cr

Investor Takeaways

Reported revenue of ₹2110 Cr and net profit of ₹716 Cr in the latest filing

OPM improved to 57.02% in Q3FY26 from 56.28% in Q1FY26, indicating margin expansion

S&P upgraded issuer rating to BBB+ with Stable outlook, citing 8-10% annual EBITDA growth expectations

FFO-to-debt ratio expected to exceed 50% within 12-24 months

⚠️ No specific risks identified in this filing

Overall Tone: Positive based on the numbers only.

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹2110 Cr	N/A
Net Profit	₹716 Cr	N/A
EBITDA	Not available	N/A
EPS	₹11.44 (Q3FY26)	N/A
OPM	57.02% (Q3FY26)	Increased from 56.28% in Q1FY26

What Changed

The filing highlights a rating upgrade from BBB to BBB+ by S&P Global Ratings, maintaining a Stable outlook. This upgrade is supported by reported revenue of ₹2110 Cr and net profit of ₹716 Cr, reflecting strong financial performance. The company demonstrated improving operational efficiency with operating profit margin (OPM) rising to 57.02% in Q3FY26 from 56.28% in Q1FY26. Management expects EBITDA growth of 8-10% annually, which underpins the rating action. Additionally, the FFO-to-debt ratio is projected to improve above 50% within 12-24 months, enhancing debt management capacity. The current debt-to-equity ratio stands at 1.3, indicating moderate leverage, while promoter holding remains at 48.87%. These metrics collectively support the upgraded credit assessment and signal improved financial flexibility for ongoing growth initiatives.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Bharti Airtel Limited	36.38	26.74%	21.81%	11,61,012.62
Vodafone Idea Limited	-5.04	N/A	N/A	1,40,304.23
Indus Towers Limited	11.47	N/A	N/A	1,13,480.57
Bharti Hexacom Limited	45.07	N/A	N/A	78,115

Bharti Airtel trades at a premium valuation compared to peers, with a higher P/E ratio of 36.38, while maintaining stronger profitability metrics as reflected in ROE of 26.74% and ROCE of 21.81%.

Risks & Concerns

No specific risks identified in this filing

Quarterly Trend

Quarter	Revenue (₹ Cr)	Net Profit (₹ Cr)	OPM%
Q3FY26	53,981.6	8,502.8	57.02
Q2FY26	52,145.4	8,650.8	56.69
Q1FY26	49,462.6	7,421.8	56.28
Q4FY25	47,876.2	12,475.8	56.41

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About Bharti Airtel Limited (BHARTIARTL)

Telecommunication · Telecom - Services · Listed on NSE

Market Cap: ₹11,61,012.62 Cr P/E: 36.4 ROE: 26.7% ROCE: 21.8%

View full BHARTIARTL stock details →

Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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Bharti Airtel Limited (BHARTIARTL) — Financial Results