Bharti Airtel Ltd. Q3 FY2024 results: revenue ₹37,900 crore
Bharti Airtel Ltd. (BHARTIARTL) reported consolidated revenue from operations of ₹37,900 crore for Q3 FY2024, the quarter ended 31 December 2023. Profit after tax was ₹2,876 crore, and earnings per share ₹4.27. The figures are the company's own, from the audited results it filed with NSE on 5 February 2024.
The quarter, against the one before and a year earlier
| Line | Q3 FY2024 | Q1 FY2024 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 37,900 | 37,440 | n/a | n/a |
| Other income | 440 | 348 | n/a | n/a |
| Total income | 38,339 | 37,788 | n/a | n/a |
| Cost of materials consumed | 0 | 0 | n/a | n/a |
| Purchases of stock-in-trade | 0 | 0 | n/a | n/a |
| Changes in inventories | 0 | 0 | n/a | n/a |
| Employee benefit expense | 1,323 | 1,257 | n/a | n/a |
| Finance costs | 6,645 | 5,614 | n/a | n/a |
| Depreciation, depletion and amortisation | 10,074 | 9,654 | n/a | n/a |
| Other expenses | 16,762 | 16,584 | n/a | n/a |
| Total expenses | 34,804 | 33,109 | n/a | n/a |
| Profit before exceptional items and tax | 3,535 | 4,679 | n/a | n/a |
| Exceptional items | -130 | -3,416 | n/a | n/a |
| Profit before tax | 3,405 | 1,263 | n/a | n/a |
| Current tax | 751 | 932 | n/a | n/a |
| Deferred tax | 481 | -600 | n/a | n/a |
| Total tax | 1,232 | 333 | n/a | n/a |
| Profit after tax | 2,876 | 1,520 | n/a | n/a |
| Attributable to owners of the parent | 2,442 | 1,612 | n/a | n/a |
| Other comprehensive income | -2,759 | -4,930 | n/a | n/a |
| Total comprehensive income | 117 | -3,410 | n/a | n/a |
| EPS, basic | ₹4.27 | ₹2.84 | n/a | n/a |
| EPS, diluted | ₹4.17 | ₹2.79 | n/a | n/a |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q1 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37,440 | 37,900 | 37,599 | 38,506 | 41,473 | 45,129 | 47,876 | 49,463 | 52,145 | 53,982 | 55,383 | 58,539 |
| Expenses | 33,109 | 34,804 | 33,513 | 34,491 | 36,051 | 37,912 | 38,696 | 39,550 | 40,632 | 42,242 | 43,141 | 45,428 |
| Operating profit | 19,598 | 19,815 | 19,365 | 19,708 | 21,846 | 24,597 | 27,009 | 27,839 | 29,561 | 30,783 | 31,492 | 33,303 |
| OPM % | 52% | 52% | 52% | 51% | 53% | 55% | 56% | 56% | 57% | 57% | 57% | 57% |
| Other income | 348 | 440 | 317 | 364 | 255 | 470 | 486 | 509 | 728 | 702 | 878 | 907 |
| Interest | 5,614 | 6,645 | 5,203 | 5,152 | 5,424 | 5,676 | 5,502 | 5,461 | 4,866 | 5,623 | 5,606 | 5,956 |
| Depreciation | 9,654 | 10,074 | 10,075 | 10,540 | 11,000 | 11,704 | 12,326 | 12,465 | 13,182 | 13,420 | 13,644 | 14,235 |
| Exceptional items | -3,416 | -130 | -2,456 | 735 | -854 | 7,546 | -140 | 0 | 0 | -257 | -3,161 | -353 |
| Profit before tax | 1,263 | 3,405 | 1,948 | 5,114 | 4,824 | 15,232 | 9,526 | 10,422 | 12,241 | 12,185 | 9,960 | 13,665 |
| Tax % | 26% | 36% | 36% | 26% | 36% | 5% | -30% | 30% | 30% | 31% | 8% | 28% |
| Net profit | 1,520 | 2,876 | 2,068 | 4,718 | 4,153 | 16,135 | 12,476 | 7,422 | 8,651 | 8,503 | 9,247 | 10,012 |
| EPS in ₹ | ₹2.84 | ₹4.27 | ₹3.61 | ₹7.21 | ₹6.21 | ₹25.54 | ₹19.02 | ₹10.26 | ₹11.66 | ₹11.44 | ₹12.53 | ₹13.38 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Audited consolidated results for the quarter ended 31 December 2023, filed with NSE on 5 February 2024: the result statement. All of Bharti Airtel Ltd.'s results: NSE company page.
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