Bharti Airtel Share Price Today: FY26 Revenue Up 22% But PAT Falls 20%, What Investors Should Know

May 22, 2026
Posted by: Ankit Jaiswal
Category: News

Bharti Airtel share price at Rs 1,910 on 21 May 2026. FY26 revenue Rs 2,10,973 crore (+22% YoY). But FY26 PAT fell 20.45% to Rs 26,695 crore. EGM on 12 June for preferential allotment at Rs 1,923.

The Bharti Airtel share price stood at Rs 1,910 on 21 May 2026. The 52-week high is Rs 2,174.50 and the 52-week low is Rs 1,740.50. At Rs 1,910, the Bharti Airtel share price is 12.1 percent below its 52-week high. The FY26 results tell a nuanced story: revenue grew strongly at 21.96 percent year on year to Rs 2,10,973 crore, but full-year net profit declined 20.45 percent to Rs 26,695 crore from Rs 33,556 crore in FY25. Investors should understand both the revenue strength and the PAT headwinds before making decisions.

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Table of Contents

Bharti Airtel FY26 Results: Revenue Strong, Profit Under Pressure

Q4 FY26 Net Profit: Rs 7,325 crore (-33.54% QoQ from Rs 11,022 crore in Q3 FY26)
Q4 FY26 Revenue: Rs 55,383 crore (+15.68% YoY from Rs 47,876 crore)
FY26 Full-Year Net Profit: Rs 26,695 crore (-20.45% YoY from Rs 33,556 crore in FY25)
FY26 Full-Year Revenue: Rs 2,10,973 crore (+21.96% YoY from Rs 1,72,985 crore)
EPS FY26: Rs 45.96 per share
EGM: 12 June 2026 at 3 PM IST, to consider issuing up to 14.676 crore equity shares on preferential basis to ICIL at Rs 1,923 per share
52W High: Rs 2,174.50 | 52W Low: Rs 1,740.50 | PE: 34

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Why Bharti Airtel PAT Fell Despite Revenue Growth

The 20.45 percent decline in FY26 PAT versus FY25 is the critical number investors are grappling with. FY25 PAT of Rs 33,556 crore included a large one-time exceptional item, the deferred tax credit and capital gains from restructuring, which artificially inflated the FY25 base. Stripping out the one-time items, the underlying operating profitability has improved in line with revenue growth. Q4 FY26 PBDT was Rs 26,849 crore, up 22 percent year on year, confirming that the core business is healthy.

Why the Airtel Share Price Still Has Investor Interest

Three factors keep the Bharti Airtel share price in focus despite the PAT optics. First: Bharti Airtel has overtaken HDFC Bank to become India’s second most valuable company by market capitalisation, reflecting long-term confidence in the telecom franchise. Second: the EGM on 12 June 2026 will consider issuing shares to ICIL at Rs 1,923 per share on a preferential basis, Rs 13 above the current market price, signalling institutional conviction at higher levels. Third: the Jio IPO delay (Bloomberg, 21 May 2026) removes the near-term competitive narrative shift that might have triggered sector rotation away from Airtel.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.

FAQs on Bharti Airtel Share Price

Why did Bharti Airtel FY26 profit fall 20%?

Ans. Bharti Airtel FY26 net profit fell 20.45% to Rs 26,695 crore from Rs 33,556 crore because FY25 included large one-time exceptional gains including deferred tax credits from restructuring. Underlying operating profit (PBDT) grew 22% YoY in Q4 FY26. Revenue grew 22% to Rs 2,10,973 crore in FY26.

What is the Bharti Airtel EGM in June 2026 about?

Ans. Bharti Airtel scheduled an EGM on 12 June 2026 to consider issuing up to 14.676 crore equity shares on a preferential basis to ICIL at Rs 1,923 per share, Rs 13 above the 21 May market price of Rs 1,910. This is a positive signal of institutional confidence in Airtel at current levels.

Bharti Airtel

Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.