BHARTIARTLNSEBharti Airtel Limited· Telecommunication - ServicesHighNeutral
Announced Wed, 13 May · 16:44 IST

Bharti Airtel Limited has submitted to the Exchange about the Financial Results for the Fourth Quarter (Q4) and Year Ended March 31, 2026 and Recommendation of final Dividend for FY 2025-26.

Revenue Growth 20pctPat NegativeEbitda Margin ExpansionExceptional ItemResults View source PDF

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AI summary

Bharti Airtel reported FY2026 consolidated revenue of Rs 2.11 trillion, up 22% year-on-year from Rs 1.73 trillion. However, profit after tax declined 9.8% to Rs 338.2 billion from Rs 374.8 billion. Q4 revenue grew 15.7% to Rs 553.8 billion, but Q4 PAT dropped sharply to Rs 92.5 billion from Rs 124.8 billion due to a Rs 31.6 billion charge for regulatory and government levies. The company recommended a final dividend of Rs 24 per share. EBITDA margin expanded 300 basis points to approximately 57.3% for the full year, showing strong operational efficiency improvement. Auditor's report provided an unmodified (clean) opinion with no qualifications.

Likely market impact

While Bharti Airtel delivered strong revenue growth of 22%, the PAT decline is a concern for shareholders. However, the exceptional charge is a one-time item, and the underlying business shows healthy EBITDA margin expansion, which is positive for long-term investors. The dividend announcement provides immediate shareholder returns.