Announcement • Jul 25
Bharti Airtel Limited to Report Q1, 2027 Results on Aug 04, 2026 Bharti Airtel Limited announced that they will report Q1, 2027 results on Aug 04, 2026 Reported Earnings • Jul 14
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹45.96 (down from ₹58.00 in FY 2025). Revenue: ₹2.11t (up 22% from FY 2025). Net income: ₹267.0b (down 20% from FY 2025). Profit margin: 13% (down from 19% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.9%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. New Risk • Jul 14
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 46% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (13% net profit margin). Declared Dividend • Jul 13
Dividend increased to ₹24.00 Dividend of ₹24.00 is 50% higher than last year. Ex-date: 24th July 2026 Payment date: 2nd September 2026 Dividend yield will be 1.3%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 89% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Jul 13
High number of new directors There are 5 new directors who have joined the board in the last 3 years. MD, CEO, COO & Director Shashwat Sharma was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 09
Bharti Airtel Limited, Annual General Meeting, Aug 03, 2026 Bharti Airtel Limited, Annual General Meeting, Aug 03, 2026. Announcement • Jun 24
Bharti Airtel Limited (BSE:532454) completed the acquisition of 16.31% stake in Airtel Africa Plc (LSE:AAF) from Indian Continent Investment Limited. Bharti Airtel Limited (BSE:532454) agreed to acquire 16.31% stake in Airtel Africa Plc (LSE:AAF) from Indian Continent Investment Limited for £1.9 billion on May 13, 2026. The consideration consists of 146.76 million common equity of Bharti Airtel Limited to be issued for common equity of Airtel Africa Plc for 595.204251 million shares. As of June 12, 2026, Bharti Airtel Secures Strong Shareholder Backing for Landmark Africa Stake Consolidation. Bharti Airtel Limited have approved the Proposal by overwhelming majority. The transaction, upon consummation and subject to receipt of all requisite regulatory approvals, will increase Bharti Airtel’s effective stake in Airtel Africa to approximately 79%.
The transaction is subject to approval by regulatory board / committee and subject to statutory approval and shareholders of Bharti Airtel Limited. The deal has been approved by the board of Bharti Airtel Limited. Ernst & Young Private Limited acted as fairness opinion provider to Bharti Airtel Limited. Anil Kasturi and Ashish Pareek of AZB & Partners acted as legal advisor to Bharti Airtel Limited.
Bharti Airtel Limited (BSE:532454) completed the acquisition of 16.31% stake in Airtel Africa Plc (LSE:AAF) from Indian Continent Investment Limited on June 22, 2026. Buy Or Sell Opportunity • Jun 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.1% to ₹1,823. The fair value is estimated to be ₹1,503, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 55%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Announcement • May 14
Bharti Airtel Limited (BSE:532454) agreed to acquire 16.31% stake in Airtel Africa Plc (LSE:AAF) from Indian Continent Investment Limited for £1.9 billion. Bharti Airtel Limited (BSE:532454) agreed to acquire 16.31% stake in Airtel Africa Plc (LSE:AAF) from Indian Continent Investment Limited for £1.9 billion on May 13, 2026. The consideration consists of 146.76 million common equity of Bharti Airtel Limited to be issued for common equity of Airtel Africa Plc for 595.204251 million shares.
The transaction is subject to approval by regulatory board / committee and subject to statutory approval and shareholders of Bharti Airtel Limited. The deal has been approved by the board of Bharti Airtel Limited. Reported Earnings • May 14
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹45.96 (down from ₹58.00 in FY 2025). Revenue: ₹2.11t (up 22% from FY 2025). Net income: ₹267.0b (down 20% from FY 2025). Profit margin: 13% (down from 19% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Apr 25
Bharti Reportedly Looks to Sell 85% of Insurance Business to Prudential Bharti Airtel Limited (BSE:532454) is in talks to sell up to 85% of its life insurance business to Prudential plc (LSE:PRU) in a deal that could value the unit at around INR 70,000 million to INR 80,000 million, multiple people familiar with the matter told ET. The proposed valuation shows a sharp jump from last year, when a 15% stake sale to 360 One implied valuation of INR 30,000 million, or about 1.1 times the embedded value (EV). Prudential may not be able to buy 100% of the firm as existing investor 360 One is unlikely to exit. Due diligence is underway, though discussions remain ongoing and key terms including valuation and deal structure could still change. The transaction, if completed, would mark Bharti's exit from the life insurance segment, while giving Prudential a larger foothold in India's underpenetrated market. Spokespersons at both Bharti and Prudential declined to comment. Announcement • Feb 09
Bharti Airtel Limited(NSEI:AIRTELPP) dropped from FTSE All-World Index (USD) Bharti Airtel Limited(NSEI:AIRTELPP) dropped from FTSE All-World Index (USD) Buy Or Sell Opportunity • Feb 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.9% to ₹2,038. The fair value is estimated to be ₹1,679, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 62%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Reported Earnings • Feb 06
Third quarter 2026 earnings: EPS misses analyst expectations Third quarter 2026 results: EPS: ₹11.44 (down from ₹25.54 in 3Q 2025). Revenue: ₹546.8b (up 21% from 3Q 2025). Net income: ₹66.3b (down 55% from 3Q 2025). Profit margin: 12% (down from 33% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.7%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Board Change • Jan 02
Less than half of directors are independent Following MD, CEO, COO & Director Shashwat Sharma's arrival on 01 January 2026, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Arjan Sikri was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 20
Airtel Appoints Rabi Shankar Mishra as Chief Executive Officer for Maharashtra and Goa, Effective December 2025 Airtel has appointed Rabi Shankar Mishra as Chief Executive Officer for Maharashtra and Goa, effective December 2025. He was previously CEO for Airtel's Assam circle, where he led the business from October 2024 to December 2025. His appointment follows a steady progression within the organisation and reflects his experience in managing large, diverse markets. Before joining Airtel, Mishra spent nearly five years at The Hershey Company as Sales Director for India. His earlier leadership roles include Vice President at Diageo and Associate Director at Mondelez International. He also spent several years at Cadbury India Ltd, where he held senior sales leadership positions across the West and East regions. Announcement • Dec 04
Airtel Appoints Suchita Salwan as Chief Customer Officer Airtel has appointed Suchita Salwan as its new chief customer officer, bringing a wealth of experience from India's startup and luxury sectors. She will spearhead growth and brand strategy across Airtel's B2C portfolio. Salwan, founder of lifestyle platform LBB, which was acquired by Nykaa in 2022, has a decade-long track record of building brands and driving engagement. At LBB, she scaled revenues by 100 per cent in a single year and grew the platform to reach over 70 million users monthly. She also led Nykaa Luxe and Nykaa's content and brand marketing teams, delivering innovative campaigns that blended data-driven insights with consumer storytelling. Reported Earnings • Nov 04
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹11.72 (up from ₹6.21 in 2Q 2025). Revenue: ₹521.5b (up 26% from 2Q 2025). Net income: ₹67.9b (up 89% from 2Q 2025). Profit margin: 13% (up from 8.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Aug 09
Bharti Airtel Limited Approves Final Dividend for the Fiscal Year Ended March 31, 2025 Bharti Airtel Limited approved declaration of dividend on equity shares for the financial year ended March 31, 2025 at the rate of INR 16/- (Rupees Sixteen only) per fully paid-up equity share of face value of INR 5/- each and a pro-rata dividend at the rate of INR 4/- (Rupees Four only) per partly paid-up equity share of face value of INR 5/- each (Paid-up value of INR 1.25/- per share). Announcement • Aug 08
Sunil Mittal-Led Entity Reportedly to Offload $1.06 Billion Worth Airtel Shares Indian Continent Investment Ltd. (Indian Continent Investment Limited), a promoter group entity of Bharti Airtel Limited (BSE:532454), will sell about 50 million of shares, or 0.8% of its stake worth $1.06 billion, according to a term sheet accessed by Mint on 7 August 2025. The transaction is expected to take place on 8 August 2025. Jefferies and JP Morgan are managing the deal, the term sheet showed. The Sunil Mittal-led promoter group entity of Bharti Airtel will offload the shares at an offer price of INR 1,862 per share, which represents a 3% discount to the scrip's last closing price. As of June end, Indian Continent Investment held 2.47% stake in Bharti Airtel. Its first holding date was on 30 September 2007. Queries emailed to Airtel late evening on 7 August 2025 did not elicit in any response. Announcement • Jul 30
Bharti Airtel Limited (BSE:532454) completed the acquisition of Membership Interest Purchase Agreement to acquire 5% stake in Ericsson US Dhaulagiri LLC. Bharti Airtel Limited (BSE:532454) entered into an Membership Interest Purchase Agreement to acquire 5% stake in Ericsson US Dhaulagiri LLC on July 13, 2024.
Bharti Airtel Limited (BSE:532454) completed the acquisition of Membership Interest Purchase Agreement to acquire 5% stake in Ericsson US Dhaulagiri LLC on July 29, 2025. Reported Earnings • Jul 18
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹58.00 (up from ₹13.09 in FY 2024). Revenue: ₹1.73t (up 15% from FY 2024). Net income: ₹335.6b (up 349% from FY 2024). Profit margin: 19% (up from 5.0% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • Jul 11
Bharti Airtel Limited, Annual General Meeting, Aug 08, 2025 Bharti Airtel Limited, Annual General Meeting, Aug 08, 2025. Announcement • Jul 03
Bharti Airtel Appoints Manoj Kumar Mauni as CIO Bharti Airtel has named Manoj Kumar Mauni as its new Chief Information Officer (CIO) Telecom. This strategic hire underscores Airtels focus on strengthening its technology foundations to enable advanced connectivity solutions and meet the demands of an evolving digital landscape. Bringing over 20 years of experience in steering large-scale IT transformations across banking, insurance, logistics, and now telecom, Manoj is well-positioned to lead Airtels technology agenda. His expertise spans IT strategy, service management, enterprise data lakes, financial systems, risk management, and business relationship management making him a valuable addition as Airtel scales its operations for next-generation services. Before joining Airtel, Manoj was Chief Technology Officer at Bandhan Bank, where he led a comprehensive IT transformation that boosted operational efficiency and modernized the banks digital infrastructure. He also spent over a decade at Kotak Mahindra Bank in senior IT leadership roles, ultimately serving as Executive Vice President IT, where he contributed to numerous technology initiatives. Manojs academic credentials include a BE (Hons) degree from BITS Pilani and a Masters in Financial Management from Jamnalal Bajaj Institute of Management Studies, Mumbai. He is well-versed in industry best practices, including CMM, PMP, and ITIL, with a consistent focus on driving digital transformation and operational excellence. His leadership has been recognized through multiple industry accolades, reflecting a proven ability to deliver complex, high-impact IT programs in highly regulated sectors. At Airtel, Manoj will lead the company's IT strategy, modernize telecom operations, and strengthen its digital infrastructure. His appointment comes at a crucial time as Indias telecom sector prepares for 5G expansion, soaring data usage, and the integration of AI-driven services. This move reaffirms Airtels commitment to technological innovation, superior customer experience, and long-term competitiveness. Announcement • May 29
Bharti Airtel Limited Introduces All-In-One OTT Entertainment Packs for Prepaid Users Bharti Airtel announced new unparalleled entertainment packs for prepaid customers. With access to an portfolio of 25+ top OTT platforms -including Netflix, JioHotstar, Zee5 and SonyLiv - Airtel is the only telco in India offering such an extensive entertainment experience. Starting at an attractive introductory price of 279 for 1 month validity, customers will get access to a wide variety of popular streaming platforms, of value worth 750, making it the only telco to enable access to such a wide bouquet of OTT streaming options. The company has also bundled entertainment packs with unlimited 5G data and unlimited calls at 598 facilitating unlimited entertainment. Customers can now access wide variety of TV shows, blockbuster movies, and documentaries from leading OTT platforms such as Netflix, JioHostar, Zee5, SonyLiv, LionsgatePlay, AHA, SunNxt, Hoichoi, ErosNow, and ShemarooMe, among others, all through a single pack. By consolidating these various OTT services into one affordable package, the company seeks to meet the changing entertainment preferences of its prepaid users. This enables them to effortlessly enjoy international, Bollywood, and regional content in more than 16 languages, including their preferred shows, films, and original content without the complications of managing individual subscriptions. This strategic initiative not only enhances Airtel's value proposition but also highlights the company's dedication to offering its customers unmatched convenience, flexibility, and a diverse range of entertainment options. Announcement • May 18
Singtel Likely to Sell Stake in Bharti Airtel Via Block Deal Singapore Telecommunications Limited (SGX:Z74) (Singtel) is likely to sell nearly 5 crore shares in Indian telecom major Bharti Airtel Limited (BSE:532454) via block deals with the deal size estimated at INR 85.00 billion ($1 billion). The floor price is likely set at INR 1,800 per share which is a 3.6% discount from the current market price, CNBC-TV18 reported, citing sources. Singtel currently owns 9.49% stake representing over 57.82 crore shares in Bharti Airtel via its arm Pastel Ltd. New Risk • May 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • May 14
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹58.00 (up from ₹13.09 in FY 2024). Revenue: ₹1.73t (up 15% from FY 2024). Net income: ₹335.6b (up 349% from FY 2024). Profit margin: 19% (up from 5.0% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Family Offices Reportedly Eyes Stake in Haier Appliances India Reliance Industries Limited (NSEI:RELIANCE) has emerged as a key contender for a significant stake in the Indian operations of China’s Haier, said people in the know. Haier is seeking to localise its consumer electronics and appliance manufacture business by roping in a homegrown strategic partner. The move pits Reliance Industries against a consortium that includes Sunil Mittal of the Bharti Group, among others, mirroring their competition in the telecommunications sector. Haier Appliances (India) P. Ltd, ranked third after LG and Samsung, had been considering a plan to dilute 25% - 51% equity, including an MG Motors-style structure, in which an Indian entity becomes the single largest shareholder. It has been seeking a $2 billion - $2.3 billion valuation, which includes a control premium, said the people cited. RIL entered the race after nonbinding offers were made at the beginning of the year. Its advisers have directly approached Haier’s headquarters in Qingdao, according to the people. Mittal too had gone to China a few weeks ago to meet the Haier top management, two industry executives said. It’s understood that the Reliance retail unit will be the vehicle for the potential acquisition, said the people cited. Reliance is keen on going solo, unlike the others, as of now, they said. It’s been building its own-brand business in electronics with licensed labels such as BPL and Kelvinator. Reconnect and Wyzr, brands that Reliance founded, have met with limited success.ET was first to report on December 25 that Mittal had formed a consortium with Warburg Pincus. In this battle of billionaires, the other groupings include TPG and the Burman family of Dabur; Goldman Sachs and the Amit Jatia family; and GIC of Singapore with BK Goenka of Welspun, after initially joining forces with Uday Kotak. The combine of the family office of Puneet Dalmia of the Dalmia Bharat Group and Bain Capital has opted out. Announcement • Apr 25
Bharti Airtel Limited to Report Q4, 2025 Results on May 13, 2025 Bharti Airtel Limited announced that they will report Q4, 2025 results on May 13, 2025 Buy Or Sell Opportunity • Apr 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to ₹1,823. The fair value is estimated to be ₹1,511, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Announcement • Mar 26
Bharti Airtel Limited Announces Appointment of Shivan Bhargava as Director - Customer Experience, Effective April 01, 2025 Bharti Airtel Limited announced Appointment of Shivan Bhargava as Director - Customer Experience. Reason for change viz. appointment, re-appointment, resignation, removal, death or otherwise: Internal movement. Date of appointment/re- appointment/cessation (as applicable) & term of appointment/re-appointment: April 01, 2025. Shivan is a dynamic business leader and a turn- around specialist with a track record of driving top line, increasing profitability and building teams across different industries and geographies. Shivan is currently working with Bharti Airtel, as CEO for AP, Telangana & Kerala states. Prior to Airtel, he was working with Vodafone Idea Limited as Cluster Business Head for East Region. He has also worked with Digicel group, in Papua New Guinea as Managing Director for Consumer Telecom Business, NIIT Ltd., HCCB and Goodlass Nerolac Paints in his career. He is an alumnus of IMT Ghaziabad, Batch of 1995 and has completed his B.E. from Nagpur University, Batch of 1992. Buy Or Sell Opportunity • Mar 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.9% to ₹1,663. The fair value is estimated to be ₹1,380, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Announcement • Feb 28
Airtel Confirms Talks with Tatas for DTH Biz Merger Bharti Airtel Limited (BSE:532454) has confirmed it is in talks with Tata Sons Private Limited (Tata Group) to explore merging their direct-to-home (DTH) businesses, Bharti Telemedia Limited (Airtel Digital TV), and Tata Play Limited. The proposed merger would create India’s largest pay-TV operator and one of the largest globally in terms of subscriber base. In a stock market disclosure on February 26, 2025, the Sunil Mittal-owned telecom operator said the two firms are in bilateral discussions to explore merger of Tata Group’s DTH business with Bharti Telemedia, a subsidiary of Airtel, “in a structure acceptable to all parties.” “The matter is at a discussion stage only,” it said. ET on 25 February 2025 had reported a rapid progress in negotiations for merging the two loss-making DTH operations. This development comes at a time when content consumption behaviour is undergoing a significant shift, and the broadcast sector is experiencing a consolidation. ET had also first reported on a possible Airtel Digital TV-Tata Play deal on October 8 last year. The proposed merger is likely to occur through a share-swap arrangement, with Airtel emerging as the majority partner, people aware of the negotiations told ET. Airtel is projected to own 52% - 55% of the combined entity, while Tata Play’s shareholders, including Walt Disney (The Walt Disney Company (NYSE:DIS)), would hold 45% - 48%, they said. Both sides are expected to finalise a heads of terms agreement in the coming days, initiating the due diligence process. According to sources, Disney will retain its stake in the merged entity, as the other shareholders are not planning a buyout at this stage. The US media conglomerate has been looking to exit the TV distribution business. The proposed merged entity is expected to be led by Airtel’s senior management, while Tata is seeking two board seats. Industry sources estimate the valuation of both DTH businesses at INR 60.00 billion - INR 70.00 billion. “This will be a non-binding agreement,” an executive had told ET. “But with both sides engaged for months, they should move fast to close out all the outstanding issues. For Tata, this has been a drag, and like telecom, they are striking an alliance with a group they are comfortable with.” Sources suggest both companies are committed to finalising the deal swiftly. “The goal is to wrap up the integration of the two companies this year itself,” an official said on condition of anonymity. Reported Earnings • Feb 08
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ₹25.54 (up from ₹4.27 in 3Q 2024). Revenue: ₹451.3b (up 19% from 3Q 2024). Net income: ₹147.8b (up ₹123.4b from 3Q 2024). Profit margin: 33% (up from 6.4% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Jan 22
Bharti Airtel Limited to Report Q3, 2025 Results on Feb 06, 2025 Bharti Airtel Limited announced that they will report Q3, 2025 results on Feb 06, 2025 Announcement • Nov 19
Plan Afoot for Singtel, Mittals to Equalise Direct Stake in Airtel Singapore Telecommunications Limited (SGX:Z74) (Singtel) and the Mittal family — the promoters of Bharti Airtel Limited (BSE:532454)— are preparing a plan for each of them to hold equal direct stakes in India’s second-largest telecom operator, said a top Singtel executive. Currently, Singtel directly owns 9.5% in Bharti Airtel through its affiliate, Pastel Ltd, while the Sunil Mittal-led promoter family holds a 3.31% direct stake through Indian Continent Investment Ltd. (ICIL), a promoter group entity. “…we will look to equalise our direct stakes over time. (While) we are in no hurry in equalising that stake, we are looking to do that in the medium term,” Arthur Lang, group chief financial officer at Singtel, told analysts during the company’s first half FY25 earnings call on November 13, 2024. Industry executives said the exercise is part of Singtel’s plans to boost shareholder returns and increase returns on invested capital. They added that the Singapore-based carrier has also set in motion a value unlocking strategy to raise funds for other ventures like data centres. Singtel and the Bharti Group did not respond to ET’s queries. Currently, Singtel and the Mittal family effectively own 29.44% and 23.7%, respectively, in Bharti Airtel through a mix of direct and indirect holdings. The indirect holdings are routed through Bharti Telecom Ltd. (BTL) — the main controlling company that owns 40.33% in Airtel. Singtel’s 29.44% effective holding in Airtel comprises a 9.5% direct stake via Pastel and a 19.94% indirect stake through BTL. Likewise, the Mittal family’s 23.7% overall holding in Airtel comprises a 3.31% direct stake via ICIL and a 20.39% indirect stake through BTL. The Mittal family-controlled Bharti Group and Singtel own 50.56% and 49.44% in BTL, respectively. If the direct stakes of both partners equalise at about 6% each and the shareholding structure of BTL and its 40.33% stake in Airtel remains unchanged, the Mittal family could potentially end up with a higher effective shareholding than Singtel in the New Delhi-based telco. Upcoming Dividend • Nov 01
Upcoming dividend of ₹2.60 per share Eligible shareholders must have bought the stock before 08 November 2024. Payment date: 13 December 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (3.7%). Board Change • Oct 30
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Arjun Sikri was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 29
Bharti Airtel Announces CEO Changes Bharti Airtel has appointed current chief operating officer Shashwat Sharma as chief executive officer, who will take charge from January 1, 2026. Sharma will be appointed as the CEO-designate where he will be responsible for the entire end-to-end consumer business. Current CEO Gopal Vittal is being appointed as the Vice Chairman of Bharti Airtel. Vittal will be responsible for mentoring and grooming Sharma to take over as MD and CEO. Reported Earnings • Oct 29
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: ₹6.21 (up from ₹2.36 in 2Q 2024). Revenue: ₹414.7b (up 12% from 2Q 2024). Net income: ₹35.9b (up 168% from 2Q 2024). Profit margin: 8.7% (up from 3.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Oct 28
Bharti Airtel Announces Management Changes Bharti Airtel has appointed current chief operating officer Shashwat Sharma as the managing director, who will take charge from January 1, 2026. Sharma will be appointed as the CEO-designate where he will be responsible for the entire end-to-end consumer business. Current MD Gopal Vittal is being appointed as the Vice Chairman of Bharti Airtel. Vittal will be responsible for mentoring and grooming Sharma to take over as MD and CEO. Following Sharma’s appointment, Vittal will move into the role of Executive Vice Chairman, spending his time between Delhi and Bengaluru. In addition, Vittal will also take on broader telecom responsibilities across the group. He will be appointed to the board of Airtel Africa as the Bharti nominee director to provide strategic guidance, the company said in a statement.Bharti Airtel board member Rakesh Bharti Mittal who has been on the board for 9 years is being transitioned into the board of Indus Towers where Airtel now has majority stake, along with Bharti Hexacom Limited. Rajan Bharti Mittal will be the board nominee for Airtel with immediate effect. Announcement • Oct 21
Airtel to Offer Seamless 5G Connectivity Across Line-3 of Mumbai Metro, Connecting Bkc to Aarey Bharti Airtel Limited announced that it is the first telecom service provider to offer uninterrupted 5G connectivity across the ten new stations of the newly inaugurated Mumbai Metro Line-3, also known as the Aqua Line. This underground infrastructure is a step to connect the financial capital from the Bandra Kurla Complex (BKC) to Aarey, spanning the crucial Jogeshwari-Vikhroli Link Road (JVLR) section. Mumbai's highly anticipated Aqua Line, the city's first underground metro system, is poised to revolutionize urban transportation and usher in a new era of efficient, high-tech travel for the bustling metropolis. Spanning a total length of 33.5 kilometers, this metro line will connect key transit hubs like the iconic Terminal 2 (T2) airport and the vibrant neighborhood of Santacruz. Along the entire 33.5 km route, Airtel has meticulously enhanced its 5G capabilities, ensuring that passengers can enjoy blazing-fast mobile internet, crystal-clear voice calls, and uninterrupted data transmission throughout their journeys. Dedicated in-building solutions have been deployed at each of the ten underground metro stations, guaranteeing consistent, high-quality connectivity that will transform the commuting experience. Announcement • Oct 16
Airtel Business and Vonage Partner to Launch Airtel IQ Business Connect Airtel Business, the B2B arm of Bharti Airtel and Vonage, a global leader in cloud communications that helps businesses accelerate their digital transformation and a part of Ericsson, have partnered to launch Airtel IQ Business Connect- a device-agnostic, unified business communications application that will help enterprises in India to simplify their customer engagement. Airtel IQ Business Connect is a customized multi-channel unified communications application that will enable businesses to enrich their customer experiences by maintaining consistent, long-lasting customer engagement while also overcoming challenges of data loss that can arise during employee transitions or attrition. With the new application, new employees will be equipped to seamlessly maintain continuity in customer communications across a range of devices including mobile phones, tablets and laptops, through a single interface, ensuring strong customer loyalty and stickiness. Enterprises can effortlessly adopt the application without the need for any additional hardware investments. Airtel IQ Business Connect, powered by Vonage, is a part of Airtel Business's cloud communications offering Airtel IQ. The application will enable enterprises in India to empower all their employees, including their hybrid workforce, as well as personnel such as relationship managers, field force and others, to seamlessly communicate with their stakeholders 24X7, thereby enabling enhanced customer engagement. Airtel IQ is an omni-channel cloud communications platform that unifies cloud communications and customer experience management to enable brands to engage with their customers across voice and WhatsApp channels. Airtel is the first telecom company in the world that serves as a Business Service Provider (BSP) for WhatsApp. Announcement • Oct 15
Bharti Airtel Limited to Report Q2, 2025 Results on Oct 28, 2024 Bharti Airtel Limited announced that they will report Q2, 2025 results on Oct 28, 2024 Announcement • Oct 14
Airtel Business Partners with Zscaler to Launch 'Airtel Secure Digital Internet' Airtel Business, the B2B arm of Bharti Airtel, partnered with Zscaler to launch `Airtel Secure Digital Internet ' India's first, fully managed Zero Trust Architecture (ZTA) based solution designed to protect enterprises from a wide range of cyber threats. Strengthening enterprise cybersecurity, `Airtel Secure Digital Internet' is a fully managed solution that integrates Airtel's Internet Leased Line (ILL) connectivity with Zscaler's cloud security technology & Security Service Edge (SSE) technology as well as Zscaler Internet AccessTM (ZIATM) to provide advanced security features such as comprehensive threat protection, SSL inspection, cloud firewall and secure access to cloud applications. Built on the core principle of `never trust, always verify the User, Device and Network' `Airtel Secure Digital Internet' will enable enterprises in India to navigate the complexities of the digital world by leveraging its unique capabilities in an effective, scalable and costefficient manner. India is at the forefront of technology innovation and adoption with enterprises, small and large, leading the way on a global scale. However, this exponential growth has also caught the attention of threat actors who are increasingly targeting local entities to launch attacks. For instance, according to Zscaler ThreatLabz, in the past year alone, Indian enterprises have seen over 79 million phishing attacks and more than 5 billion encrypted attacks, making India among the top three most targeted markets globally. Now, more than ever before, it is important for organizations in India to strengthen their cybersecurity while managing multivendor security stacks, budget constraints, skill gaps and time to market issues. The zero trust architecture of `Airtel Secure Digital Internet' reduces attack surfaces while simplifying security management by centralising policy enforcement. Its inherent cloud native security ensures consistent protection for users across all locations. The scalable, cloud based platform also eliminates the need for costly hardware, enhancing operational efficiency and reducing total cost of ownership. To further optimise its network performance and minimise latency, Airtel has also strategically enhanced its Internet Points of Presence (PoPs) through the integration of Zscaler's advanced security stack. As a distinguished Managed Security Services Provider (MSSP) partner of Zscaler, Airtel is equipped to deliver comprehensive managed services, encompassing the entire security lifecycle--from initial deployment to continuous, premium grade support. Enterprises can now leverage Airtel's extensive, panIndia Internet Leased Line (ILL) connectivity to achieve secure, consistent connectivity across all their office locations. Enterprises also have the flexibility to procure Zscaler SSE as a standalone solution, bundled with Airtel's managed services that can be further tailored for their unique requirements. Announcement • Oct 08
Bharti Airtel Reportedly in Advanced Talks to Acquire Tata Play to Boost Digital TV Segment Bharti Airtel Limited (BSE:532454) is in advanced negotiations with The Tata group (Tata Sons Private Limited) to buy loss-making Tata Play Limited, India’s direct-to-home (DTH) business, said people aware of the matter. The aim is to consolidate its presence in the digital TV segment that’s facing growth challenges while improving Airtel’s bundled offerings to shore up its non-mobile revenues through convergence. Announcement • Sep 25
Bharti Airtel Launches AI-Powered Network Solution for SPAM Detection Bharti Airtel on September 25, 2024 launched India's first network-based, AI-powered spam detection solution that will significantly solve the issue of spam calls and messages for its customers. A first-of-its-kind solution by a telecom service provider in the country, the tool will alert customers in real-time to all suspected spam calls and SMSes. The solution is free of cost and will get auto-activated for all Airtel customers without them having to raise a service request or download an app. Developed in-house by Airtel's data scientists, the AI-powered solution uses a proprietary algorithm to identify and classify calls and SMSes as Suspected SPAM. The network powered by AI algorithm analyses various parameters such as the caller or sender's usage patterns, call/SMS frequency, call duration amongst several others, on a real time basis. By cross-referencing this information against known spam patterns, the system flags suspected spam calls and SMSes accurately. Additionally, the solution also alerts customers to malicious links received via SMS. For this, Airtel has built a centralised database of blacklisted URLs and every SMS is scanned in real time by a AI algorithm to caution users from accidently clicking on suspicious links. The solution can also detect anomalies such as frequent IMEI changes - a typical indicator of fraudulent behavior. By layering these protective measures, the company is ensuring its customers receive maximum level of defense against the evolving landscape of spam and fraud threats. Announcement • Aug 22
Bharti Airtel Limited Approves Dividend for the Financial Year Ended March 31, 2024 Bharti Airtel Limited announced at the AGM held on August 20, 2024, approved Declaration of dividend on equity shares for the financial year ended March 31, 2024 at the rate of INR 8 (Rupees Eight only) per fully paid-up equity share of face value of INR 5 each and a pro-rata dividend at the rate of INR 2 (Rupee Two only) per partly paid-up equity share of face value of INR 5 each (Paid-up value of INR 1.25 per share). Announcement • Aug 21
Bharti Airtel Limited Appoints Justice (Retd.) Arjan Kumar Sikri as an Independent Director Bharti Airtel Limited at its AGM held on August 20, 2024, approved appointment of Justice (Retd.) Arjan Kumar Sikri as an Independent Director of the Company for a term of five (5) years with effect from June 01, 2024 to May 31, 2029. Announcement • Aug 10
Bharti Airtel Limited Appoints Rohit Krishan Puri as Joint Company Secretary Bharti Airtel Limited announced upon recommendation of Nomination & Remuneration Committee, the Board of Directors of the Company, in its meeting held on August 05, 2024, has appointed Rohit Krishan Puri as Joint Company Secretary of the Company with effect from August 06, 2024. Rohit Krishan Puri is an associate member of the Institute of Company Secretaries of India (ACS: 19779), a qualified Chartered Accountant from the Institute of Chartered Accountants of India and a law graduate with over 20 years of experience in corporate sector. Before joining Bharti Group in 2010, he worked with Hero MotoCorp. He has been a part of Corporate Secretarial function for more than a decade and has also been involved in several corporate transactions including fund raising initiatives and corporate restructurings etc. Reported Earnings • Jul 31
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹13.09 (down from ₹14.80 in FY 2023). Revenue: ₹1.50t (up 7.8% from FY 2023). Net income: ₹74.7b (down 11% from FY 2023). Profit margin: 5.0% (down from 6.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 31
Dividend increased to ₹8.00 Dividend of ₹8.00 is 100% higher than last year. Ex-date: 7th August 2024 Payment date: 19th September 2024 Dividend yield will be 0.5%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 146% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 24
Bharti Airtel Limited, Annual General Meeting, Aug 20, 2024 Bharti Airtel Limited, Annual General Meeting, Aug 20, 2024.