Bharti Airtel Ltd. Q3 FY2026 results: revenue ₹53,982 crore, up 19.6% on the year
Bharti Airtel Ltd. (BHARTIARTL) reported consolidated revenue from operations of ₹53,982 crore for Q3 FY2026, the quarter ended 31 December 2025, up 19.6% on the same quarter a year earlier. Profit after tax was ₹8,503 crore, down 47.3% on the year, and earnings per share ₹11.44. The figures are the company's own, from the audited results it filed with NSE on 5 February 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 53,982 | 52,145 | 45,129 | +19.6% |
| Other income | 702 | 728 | 470 | +49.5% |
| Total income | 54,684 | 52,873 | 45,599 | +19.9% |
| Cost of materials consumed | 0 | 0 | 0 | n/a |
| Purchases of stock-in-trade | 0 | 0 | 0 | n/a |
| Changes in inventories | 0 | 0 | 0 | n/a |
| Employee benefit expense | 1,958 | 1,857 | 1,608 | +21.8% |
| Finance costs | 5,623 | 4,866 | 5,676 | -0.9% |
| Depreciation, depletion and amortisation | 13,420 | 13,182 | 11,704 | +14.7% |
| Other expenses | 2,620 | 2,280 | 18,924 | -86.2% |
| Total expenses | 42,242 | 40,632 | 37,912 | +11.4% |
| Profit before exceptional items and tax | 12,442 | 12,241 | 7,687 | +61.9% |
| Exceptional items | -257 | 0 | 7,546 | n/a |
| Profit before tax | 12,185 | 12,241 | 15,232 | -20.0% |
| Current tax | 2,015 | 1,851 | 1,134 | +77.8% |
| Deferred tax | 1,783 | 1,820 | -376 | n/a |
| Total tax | 3,798 | 3,672 | 757 | +401.6% |
| Profit after tax | 8,503 | 8,651 | 16,135 | -47.3% |
| Attributable to owners of the parent | 6,630 | 6,792 | 14,781 | -55.1% |
| Other comprehensive income | 708 | 2,014 | 1,735 | -59.2% |
| Total comprehensive income | 9,211 | 10,664 | 17,870 | -48.5% |
| EPS, basic | ₹11.44 | ₹11.66 | ₹25.54 | -55.2% |
| EPS, diluted | ₹11.02 | ₹11.24 | ₹24.65 | -55.3% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.70 | 0.82 | 0.01 | |
| Debt service coverage | 3.50 | 3.52 | 0.03 | |
| Interest service coverage | 7.05 | 6.69 | 0.06 |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Segments, Q3 FY2026
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| Mobile Services India | 28,652 | 47.7% | 9,091 | 31.7% |
| Mobile Services Africa | 15,010 | 25.0% | 5,070 | 33.8% |
| Mobile Services South Asia | 0 | n/a | 0 | n/a |
| Airtel Business | 5,353 | 8.9% | 1,579 | 29.5% |
| Passive Infrastructure Services | 8,180 | 13.6% | 2,805 | 34.3% |
| Homes Services | 2,001 | 3.3% | 309 | 15.4% |
| Digital TV Services | 755 | 1.3% | -64 | -8.4% |
| Others | 94 | 0.2% | 106 | 113.1% |
| Unallocated | 0 | n/a | -56 | n/a |
| Inter-segment eliminations | 0 | n/a | -999 | n/a |
Segment revenue and segment result as the company filed them, before inter-segment eliminations; share and result over revenue are arithmetic on those.
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 2025, filed with NSE on 5 February 2026: the result statement. All of Bharti Airtel Ltd.'s results: NSE company page.
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