Are Bharti Airtel latest results good or bad?

Bharti Airtel's financial results for the quarter ending March 2025 indicate a strong operational performance, with notable growth in several key metrics. The company reported a profit after tax (PAT) of Rs 11,161.90 crore, representing a significant increase compared to the average PAT of the previous four quarters. Additionally, net sales reached a record Rs 47,876.20 crore, marking the highest level in five quarters, alongside an operating profit (PBDIT) of Rs 27,008.80 crore.
The operating profit margin improved to 56.41%, reflecting enhanced efficiency in operations. Furthermore, the operating profit to interest ratio reached 4.91 times, the highest in five quarters, suggesting effective management of interest payments. The profit before tax (PBT) also showed growth, standing at Rs 9,238.20 crore, which is a notable increase from the previous four-quarter average.

However, when examining the quarter-on-quarter performance, there was a 6.09% growth in net sales compared to the previous quarter, which is a decrease from the 8.82% growth observed in December 2024. The consolidated net profit experienced a decline of 25.43% compared to the previous quarter, contrasting sharply with the substantial growth of 311.37% in December 2024.

Additionally, the debt-equity ratio has decreased to 2.59 times, indicating a reduction in borrowing relative to equity capital. While non-operating income has seen an increase, the sustainability of this growth remains uncertain. Overall, Bharti Airtel's financial results reflect a robust performance in the telecommunications sector, although the company saw an adjustment in its evaluation based on the latest data.