Bharti Airtel Limited (NSE:BHARTIARTL)

Bharti Airtel Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	1,946,135	1,729,852	1,499,824	1,391,448	1,165,469	1,006,158
Other Revenue	-	-	-	-	-	6,428
Revenue	1,946,135	1,729,852	1,499,824	1,391,448	1,165,469	1,012,586
Revenue Growth (YoY)	25.17%	15.34%	7.79%	19.39%	15.10%	17.45%
Cost of Revenue	652,023	608,135	548,962	527,465	472,785	455,570
Gross Profit	1,294,112	1,121,717	950,862	863,983	692,684	557,016
Selling, General & Admin	120,103	114,601	107,882	72,454	53,035	38,009
Other Operating Expenses	76,708	68,278	48,042	75,203	61,047	57,023
Operating Expenses	698,100	643,097	560,084	513,377	446,168	390,816
Operating Income	596,012	478,620	390,778	350,606	246,516	166,200
Interest Expense	-173,645	-176,141	-159,559	-142,955	-132,501	-124,274
Interest & Investment Income	5,306	5,306	6,493	3,080	2,206	-
Earnings From Equity Investments	18,812	37,030	27,094	7,521	24,232	-928
Currency Exchange Gain (Loss)	-6,494	-6,494	-30,577	-21,475	-8,160	-3,193
Other Non Operating Income (Expenses)	-23,083	-29,266	-31,677	-24,450	-24,374	-23,443
EBT Excluding Unusual Items	416,908	309,055	202,552	172,327	107,919	14,362
Merger & Restructuring Charges	-	-	-	-	-	-447
Gain (Loss) on Sale of Assets	2,062	2,062	-39	-22	-74	-99
Asset Writedown	-	-	-	-	-3,810	-8,920
Other Unusual Items	74,055	72,868	-75,723	-6,698	20,796	-149,778
Pretax Income	493,025	383,985	126,790	165,607	124,831	-144,882
Income Tax Expense	46,195	9,172	41,210	42,733	41,779	89,325
Earnings From Continuing Operations	446,830	374,813	85,580	122,874	83,052	-234,207
Earnings From Discontinued Operations	-	-	-	-	-	110,567
Net Income to Company	446,830	374,813	85,580	122,874	83,052	-123,640
Minority Interest in Earnings	-61,404	-39,252	-10,910	-39,415	-40,503	-27,195
Net Income	385,426	335,561	74,670	83,459	42,549	-150,835
Net Income to Common	385,426	335,561	74,670	83,459	42,549	-150,835
Net Income Growth	214.20%	349.39%	-10.53%	96.15%	-	-
Shares Outstanding (Basic)	5,793	5,785	5,703	5,641	5,546	5,481
Shares Outstanding (Diluted)	6,010	5,992	5,836	5,728	5,580	5,481
Shares Change (YoY)	1.40%	2.68%	1.87%	2.67%	1.80%	7.99%
EPS (Basic)	66.54	58.00	13.09	14.80	7.67	-27.52
EPS (Diluted)	64.16	56.04	12.80	14.57	7.63	-27.52
EPS Growth	209.95%	337.78%	-12.15%	90.96%	-	-
Free Cash Flow	717,286	604,245	407,067	392,680	284,760	233,907
Free Cash Flow Per Share	119.35	100.85	69.76	68.55	51.04	42.68
Dividend Per Share	-	16.000	8.000	4.000	3.000	-
Dividend Growth	-	100.00%	100.00%	33.33%	-	-
Gross Margin	66.50%	64.84%	63.40%	62.09%	59.43%	55.01%
Operating Margin	30.63%	27.67%	26.05%	25.20%	21.15%	16.41%
Profit Margin	19.80%	19.40%	4.98%	6.00%	3.65%	-14.90%
Free Cash Flow Margin	36.86%	34.93%	27.14%	28.22%	24.43%	23.10%
EBITDA	996,801	838,338	699,221	631,781	508,921	460,246
EBITDA Margin	51.22%	48.46%	46.62%	45.41%	43.67%	45.45%
D&A For EBITDA	400,789	359,718	308,443	281,175	262,405	294,046
EBIT	596,012	478,620	390,778	350,606	246,516	166,200
EBIT Margin	30.63%	27.67%	26.05%	25.20%	21.15%	16.41%
Effective Tax Rate	9.37%	2.39%	32.50%	25.80%	33.47%	-
Revenue as Reported	1,968,055	1,745,589	1,514,178	1,400,814	1,170,812	1,012,586
Advertising Expenses	-	1,912	2,145	2,062	1,699	1,620

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.