Project Report on

“Report on analysing the P/E Ratio and P/B Ratio of Bharti Airtel.”

Submitted to

Vicky Khandelwal

Finance Trainee

Praedico Global Research Pvt. Ltd.

By

Abhishek Patil

VBS Mumbai

PGDM 2021-23

ON

20-06-2022

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 Market Price Per Share ₹ 636.00
P/E Ratio Market Price Per Share / Earning Per Share (EPS) Earning Per Share (EPS) ₹ 46.18
P/E Ratio 13.77
Valuation Ratios
Market Price Per Share ₹ 636.00
P/B Ratio Market Price Per Share / Book Value Per Share Book Value Per Share ₹ 7,73,601.00
PB Ratio 0.000822129

INTERPRETATION OF RATIOS
i. P/E Ratio :- The price-to-earnings (P/E) ratio relates a company's share price to its earnings
per share A high P/E ratio could mean that a company's stock is overvalued, or that investors
are expecting high growth rates in the future and current P/E Ratio of Bharti Airtel is 13.77

ii. P/B Ratio :- The P/B ratio measures the market's valuation of a company relative to its book
value. The market value of equity is typically higher than the book value of a company.And
Current P/B ratio of Bharti Airtel is 0.0008 which is less then 1.P/B ratios under 1 are
typically considered solid investments.

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 Ratio Analysis of Bharti Airtel
Type Ratio Formula Calculation Mar-21 Mar-20 Mar-19 Mar-18 Mar-17
Current Assets ₹ 4,00,719.00 ₹ 5,87,813.00 ₹ 2,05,206.00 ₹ 1,58,302.00 ₹ 1,48,317.00
Current Assets/Current
Current Ratio Current Liabilities ₹ 7,14,394.00 ₹ 9,32,112.00 ₹ 6,04,631.00 ₹ 4,36,404.00 ₹ 3,49,204.00
Liabilities
Current Ratio 0.56 0.63 0.34 0.36 0.42
Current Assets ₹ 4,00,719.00 ₹ 5,87,813.00 ₹ 2,05,206.00 ₹ 1,58,302.00 ₹ 1,48,317.00
Quick Ratio / Acid (Current Assets - Inventory ₹ 8.00 ₹ 31.00 ₹ 10.00 ₹ 63.00 ₹ 39.00
Liquidity Ratios Test Ratio Inventory)/Current Liabilities Current Liabilities ₹ 7,14,394.00 ₹ 9,32,112.00 ₹ 6,04,631.00 ₹ 4,36,404.00 ₹ 3,49,204.00
Quick Ratio / Acid Test Ratio 0.56 0.63 0.34 0.36 0.42
Cash & Cash Equivalents ₹ 9,928.00 ₹ 33,668.00 ₹ 1,876.00 ₹ 4,626.00 ₹ 1,087.00
(Cash & Cash Equivalents +
Current Investments ₹ 37,443.00 ₹ 86,750.00 ₹ 16,696.00
Cash Ratio Current Investments)/Current
Current Liabilities ₹ 7,14,394.00 ₹ 9,32,112.00 ₹ 6,04,631.00 ₹ 4,36,404.00 ₹ 3,49,204.00
Liabilities
Cash Ratio 0.07 0.13 0.03 0.01 0.00
Sales ₹ 6,43,259.00 ₹ 5,43,171.00 ₹ 4,96,080.00 ₹ 5,36,630.00 ₹ 6,22,763.00
Cost of Materials Consumed ₹ 3,04,751.00 ₹ 2,80,839.00 ₹ 2,92,451.00 ₹ 2,74,086.00 ₹ 2,95,281.00
Gross Profit Ratio Profit Before Tax/Sales
Gross Profit ₹ 3,38,508.00 ₹ 2,62,332.00 ₹ 2,03,629.00 ₹ 2,62,544.00 ₹ 3,27,482.00
Gross Profit Ratio 52.62% 48.30% 41.05% 48.92% 52.59%
Profit After Tax ₹ 1,17,328.00 ₹ 6,59,536.00 ₹ 18,290.00 ₹ 792.00 ₹ 99,256.00
Net Profit Ratio Profit After Tax/Sales Sales ₹ 6,43,259.00 ₹ 5,43,171.00 ₹ 4,96,080.00 ₹ 5,36,630.00 ₹ 6,22,763.00
Profitability Ratios Net profit Ratio 18.24% 121.42% 3.69% 0.15% 15.94%
Net Income ₹ 1,17,328.00 ₹ 6,59,536.00 ₹ 18,290.00 ₹ 792.00 ₹ 99,256.00
Return on Equity Ratio Net Income / Shareholders Equity Shareholders Equity ₹ 7,73,601.00 ₹ 10,14,292.00 ₹ 9,83,593.00 ₹ 10,28,609.00 ₹ 10,12,073.00
Return on Equity Ratio 15.17% 65.02% 1.86% 0.08% 9.81%
Net Income ₹ 1,17,328.00 ₹ 6,59,536.00 ₹ 18,290.00 ₹ 792.00 ₹ 99,256.00
Retrun on Assets Ratio Net Income / Total Assets Total Assets ₹ 27,77,471.00 ₹ 30,03,728.00 ₹ 22,26,855.00 ₹ 20,49,373.00 ₹ 18,79,024.00
Return on Asstes Ratio 4.22% 21.96% 0.82% 0.04% 5.28%

INTERPRETATION OF RATIOS
i. Liquidity Ratios - Liquidity ratios measure a company's ability to pay debt
obligations and its margin of safety through the calculation of metrics including the
current ratio, quick ratio, and operating cash flow ratio.
ii. Current Ratio and Quick Ratio – Airtel is a service-oriented company and it
possess no inventory or very minimal inventory in hand so the quick ratio and the
current ratio are having the same numbers and the company is maintaining a average
of 0.46 as its current ratio and quick ratio which is not ideal this indicates Airtel have
problem in meeting its short term obligaion and debts also from balance sheet we can
refer that Airtel have Higher Current liabilities as compare to Current Assets
iii. Profitability Ratio : It helps in determining the financial performance of business at
the end of an accounting period. Profitability ratios show how well a company is able
to make profits from its operations.
iv. Gross Profit, Net Profit Ratios – The Company is making an average of 48.7%,
31.89% of profits respectively. In the year2020 and 2021 there is a increase in all the
two types of profits due to the increase in demand because of covid 19 pendamic most
of the is happening with the help of internet because of these demand of telecom
sector increases.

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 BALANCE SHEET OF BHARTI AIRTEL (in Rs. Lakhs)
Particulars Mar-21 Mar-20 Mar-19 Mar-18 Mar-17
(A) ASSETS
(1) NON CURRENT ASSETS
Property, plant and equipment ₹ 5,55,676.00 ₹ 5,48,286.00 ₹ 5,65,455.00 ₹ 4,76,911.00 ₹ 3,81,176.00
Capital work-in-progress ₹ 12,831.00 ₹ 12,332.00 ₹ 52,970.00 ₹ 27,387.00 ₹ 11,818.00
Right-of-use assets ₹ 3,48,369.00 ₹ 3,45,028.00
Goodwill ₹ 739.00 ₹ 739.00
Other intangible assets ₹ 6,69,100.00 ₹ 7,22,740.00 ₹ 7,51,885.00 ₹ 7,49,183.00 ₹ 7,34,052.00
Intangible assets under development ₹ 232.00 ₹ 255.00 ₹ 2,703.00 ₹ 28,040.00 ₹ 84,184.00
Investments in subsidiaries, associates and joint ventures ₹ 3,35,133.00 ₹ 3,00,466.00 ₹ 3,68,009.00 ₹ 4,81,219.00 ₹ 4,59,538.00
Financial assets
- Investments ₹ 1,50,154.00 ₹ 52.00 ₹ 63.00 ₹ 63.00 ₹ 52.00
- Derivative instruments - ₹ 39.00 ₹ 4.00 ₹ 80.00 ₹ 213.00
- Loans and security deposits ₹ 5,764.00 ₹ 1,87,252.00 ₹ 1,51,032.00 ₹ 66,947.00 ₹ 10,389.00
- Others ₹ 11,141.00 ₹ 12,721.00 ₹ 70.00 ₹ 260.00 ₹ 556.00
Income tax assets (net) ₹ 14,206.00 ₹ 13,410.00 ₹ 10,059.00 ₹ 19,595.00
Deferred tax assets (net) ₹ 1,58,386.00 ₹ 2,27,014.00 ₹ 51,512.00 ₹ 14,244.00 ₹ 8,875.00
Other non-current assets ₹ 1,15,021.00 ₹ 45,581.00 ₹ 67,887.00 ₹ 27,142.00 ₹ 39,854.00
TOTAL NON CURRENT ASSETS ₹ 23,76,752.00 ₹ 24,15,915.00 ₹ 20,21,649.00 ₹ 18,91,071.00 ₹ 17,30,707.00
(2) CURRENT ASSETS
Inventories ₹ 8.00 ₹ 31.00 ₹ 10.00 ₹ 63.00 ₹ 39.00
Financial assets
- Investments ₹ 37,443.00 ₹ 86,750.00 ₹ 16,696.00 - -
- Derivative instruments ₹ 28.00 ₹ 1,897.00 ₹ 68.00 ₹ 195.00 ₹ 634.00
- Trade receivables ₹ 31,782.00 ₹ 38,100.00 ₹ 38,490.00 ₹ 43,196.00 ₹ 32,118.00
- Cash and cash equivalents ₹ 9,928.00 ₹ 33,668.00 ₹ 1,876.00 ₹ 4,626.00 ₹ 1,087.00
- Other bank balances ₹ 437.00 ₹ 308.00 ₹ 320.00 ₹ 825.00 ₹ 634.00
- Loans ₹ 15,669.00 ₹ 7,580.00 ₹ 21,244.00 ₹ 15,839.00 ₹ 72,081.00
- Others ₹ 1,96,700.00 ₹ 2,43,772.00 ₹ 12,671.00 ₹ 11,837.00 ₹ 8,772.00
Other current assets ₹ 1,08,724.00 ₹ 1,75,707.00 ₹ 1,13,831.00 ₹ 81,721.00 ₹ 32,952.00
TOTAL CURRENT ASSETS ₹ 4,00,719.00 ₹ 5,87,813.00 ₹ 2,05,206.00 ₹ 1,58,302.00 ₹ 1,48,317.00
TOTAL ASSETS ₹ 27,77,471.00 ₹ 30,03,728.00 ₹ 22,26,855.00 ₹ 20,49,373.00 ₹ 18,79,024.00
(B) EQUITY AND LIABILITIES
(1) Equity
i. Equity Share Capital ₹ 27,460.00 ₹ 27,278.00 ₹ 19,987.00 ₹ 19,987.00 ₹ 19,987.00
ii. Other Equity ₹ 7,46,141.00 ₹ 9,87,014.00 ₹ 9,63,606.00 ₹ 10,08,622.00 ₹ 9,92,086.00
TOTAL EQUITY ₹ 7,73,601.00 ₹ 10,14,292.00 ₹ 9,83,593.00 ₹ 10,28,609.00 ₹ 10,12,073.00
(2) LIABILITIES
(a). NON CURRENT LIABILITIES
i.Financial Liabilities
a. Borrowings ₹ 8,99,088.00 ₹ 7,04,712.00 ₹ 5,86,494.00 ₹ 5,44,681.00 ₹ 5,03,421.00
b. Leasing Liabilities ₹ 2,99,986.00 ₹ 3,07,039.00
c. Other Non Current Financial Liabilities ₹ 74,291.00 ₹ 31,469.00 ₹ 32,920.00 ₹ 19,354.00 ₹ 21,881.00
ii. Provisions ₹ 2,205.00 ₹ 1,919.00 ₹ 1,927.00 ₹ 1,830.00 ₹ 2,330.00
iii. Deferred Tax Liabilities (Net) ₹ 13,906.00 ₹ 12,185.00 ₹ 16,970.00 ₹ 18,371.00 ₹ 18,321.00
iv. Other Non Current Liabilities - -
TOTAL NON CURRENT LIABILITIES ₹ 12,89,476.00 ₹ 10,57,324.00 ₹ 6,38,311.00 ₹ 5,84,236.00 ₹ 5,45,953.00
(b.) CURRENT LIABILITIES
i. Financial Liabilities
- Borrowings ₹ 16,935.00 ₹ 73,092.00 ₹ 2,29,183.00 ₹ 80,680.00 ₹ 65,478.00
- Current maturities of Long term borrowings ₹ 28,054.00 ₹ 45,828.00 ₹ 22,222.00 ₹ 28,797.00 ₹ 33,451.00
- Lease liabilities ₹ 60,011.00 ₹ 57,334.00
- Derivative instruments ₹ 430.00 ₹ 35.00 ₹ 1,455.00 ₹ 228.00 ₹ 1,662.00
- Trade payables ₹ 1,49,698.00
- total outstanding dues of micro enterprises and small enterprises ₹ 702.00 ₹ 122.00 ₹ 31.00 ₹ 16.00
- total outstanding dues of creditors other than micro enterprises and₹ small
2,22,248.00
enterprises ₹ 1,86,431.00 ₹ 1,91,657.00 ₹ 1,76,974.00
- Others ₹ 1,11,488.00 ₹ 96,737.00 ₹ 1,07,950.00 ₹ 92,529.00 ₹ 55,671.00
Deferred revenue ₹ 42,520.00 ₹ 35,247.00 ₹ 26,802.00 ₹ 30,242.00 ₹ 30,311.00
Provisions ₹ 2,01,566.00 ₹ 4,07,590.00 ₹ 1,088.00 ₹ 1,262.00 ₹ 1,291.00
Current tax liabilities (net) ₹ 415.00 ₹ 2,268.00 ₹ 2,248.00 ₹ 2,447.00 -
Other current liabilities ₹ 30,025.00 ₹ 27,428.00 ₹ 21,995.00 ₹ 23,229.00 ₹ 11,642.00
TOTAL CURRENT LIABILITIES ₹ 47,14,394.00 ₹ 9,32,112.00 ₹ 6,04,631.00 ₹ 4,36,404.00 ₹ 3,49,204.00
TOTAL EQUITY AND LIABILITIES ₹ 27,77,471.00 ₹ 30,03,728.00 ₹ 22,26,535.00 ₹ 20,49,249.00 ₹ 19,07,230.00
 Profit & Loss Account of Bharti Airtel (In Lakhs)
Particulars Mar-21 Mar-20 Mar-19 Mar-18 Mar-17
I. Income
a. Revenue from operations ₹ 6,43,259.00 ₹ 5,43,171.00 ₹ 4,96,080.00 ₹ 5,36,630.00 ₹ 6,22,763.00
b. Other Income ₹ 23,879.00 ₹ 22,425.00 ₹ 2,507.00 ₹ 2,356.00 ₹ 1,843.00
Total Income (a+b+c) ₹ 6,67,138.00 ₹ 5,65,596.00 ₹ 4,98,587.00 ₹ 5,38,986.00 ₹ 6,24,606.00
II. Expenses :
Network operating expenses ₹ 1,51,205.00 ₹ 1,36,419.00 ₹ 1,61,247.00 ₹ 1,39,512.00 ₹ 1,45,360.00
Access charges ₹ 85,647.00 ₹ 90,767.00 ₹ 81,739.00 ₹ 78,944.00 ₹ 80,505.00
License fee / Spectrum charges ₹ 67,899.00 ₹ 53,653.00 ₹ 49,465.00 ₹ 55,630.00 ₹ 69,416.00
Employee benefits expenses ₹ 16,645.00 ₹ 15,202.00 ₹ 14,710.00 ₹ 17,209.00 ₹ 17,385.00
Sales and marketing expenses ₹ 20,649.00 ₹ 18,180.00 ₹ 25,619.00 ₹ 30,519.00 ₹ 32,320.00
Other expenses ₹ 21,373.00 ₹ 27,614.00 ₹ 38,394.00 ₹ 36,171.00 ₹ 38,524.00
Total Expenses ₹ 3,63,418.00 ₹ 3,41,835.00 ₹ 3,71,174.00 ₹ 3,57,985.00 ₹ 3,83,510.00
Profit before depreciation, amortisation, finance costs, exceptional
₹ items
3,03,720.00
and tax ₹ 2,23,761.00 ₹ 1,27,413.00 ₹ 1,81,001.00 ₹ 2,41,096.00
Depreciation and amortisation expense ₹ 2,19,975.00 ₹ 2,03,921.00 ₹ 1,50,876.00 ₹ 1,30,486.00 ₹ 1,22,034.00
Finance costs ₹ 1,18,167.00 ₹ 1,14,631.00 ₹ 78,437.00 ₹ 59,107.00 ₹ 52,546.00
Finance Income ₹ 23,704.00 ₹ 8,417.00 ₹ 23,421.00
Non Oprating Expences ₹ 1,890.00 ₹ 596.00 ₹ 2,324.00
Profit / Loss before exceptional items and tax ₹ -34,422.00 ₹ -94,791.00 ₹ 80,086.00 ₹ 771.00 ₹ 87,613.00
Exceptional items (net) ₹ 1,50,230.00 ₹ 4,15,418.00 ₹ 28,049.00 ₹ 6,041.00 ₹ 1,72,708.00
Profit / Loss before tax ₹ 1,84,652.00 ₹ 5,10,209.00 ₹ -52,037.00 ₹ 6,812.00 ₹ 85,095.00
Tax expense / (credit)
Current tax ₹ 1,312.00 - ₹ 15.00 ₹ 2,204.00 ₹ 45.00
Deferred tax ₹ 68,636.00 ₹ -1,49,327.00 ₹ 33,762.00 ₹ 5,400.00 ₹ 14,206.00
₹ 67,324.00 ₹ -1,49,327.00 ₹ 33,747.00 ₹ 14,161.00
Profit / Loss of the Year ₹ 1,17,328.00 ₹ 6,59,536.00 ₹ 18,290.00 ₹ 792.00 ₹ 99,256.00
VIII. Other comprehensive income(OCI):
(a) Items that will not be reclassified to Profit & Loss
Remeasurement gain/(losses) on defined benefit plans ₹ 3.00 ₹ 108.00 ₹ 148.00 ₹ 87.00 ₹ 36.00
Income tax relating to item that will not be reclassified to
Profit & Loss ₹ -1.00 ₹ -38.00 ₹ -52.00 ₹ -30.00 ₹ -11.00
(b.) Items that will be reclassified to Profit & Loss
Other comprehensive income/(Loss) (a+b) (B) ₹ 2.00 ₹ 70.00 ₹ 96.00 ₹ 57.00 ₹ 25.00
Total comprehensive income / Loss for the year (A+B) ₹ 1,17,330.00 ₹ 6,59,606.00 ₹ 18,386.00 ₹ 849.00 ₹ 99,281.00
IX Earning / Loss per Equity Share of ₹5/- each
(a) Basic (Amount in ₹) ₹ 46.18 ₹ 71.08 ₹ 4.58 ₹ 0.20 ₹ 24.84
(b) Diluted (Amount in ₹) ₹ 5 46.18 ₹ 71.08 ₹ 4.58 ₹ 0.20 ₹ 24.84
 CASH FLOW STATMENT OF BHARTI AIRTEL (in Rs. Lakhs.)
Particulars Mar-21 Mar-20 Mar-19 Mar-18 Mar-17
Cash flows from operating activities
Profit / Loss before tax ₹ -1,84,652.00 ₹ -5,10,209.00 ₹ 52,037.00 ₹ 6,812.00 ₹ 85,095.00
Adjustments for:
Depreciation and amortisation expense ₹ 2,19,975.00 ₹ 2,03,921.00 ₹ 1,50,876.00 ₹ 1,30,486.00 ₹ 1,22,034.00
Finance costs ₹ 1,17,543.00 ₹ 1,12,485.00 ₹ 78,437.00 ₹ 59,107.00 ₹ 52,546.00
Finance Income ₹ 23,704.00 ₹ 8,417.00 ₹ 23,421.00
Interest income ₹ -3,322.00 ₹ -2,390.00 - - -
Dividend income ₹ -17,163.00 ₹ -8,631.00 - - -
Net loss / (gain) on derivative financial instruments ₹ 2,713.00 ₹ -3,810.00 - - -
Net gain on FVTPL investments ₹ -2,554.00 ₹ -4,462.00 - - -
Exceptional items (net) ₹ 1,50,230.00 ₹ 4,15,252.00 ₹ 29,915.00 ₹ 5,688.00 ₹ 1,52,405.00
Loss on sale of property, plant and equipment ₹ 73.00 ₹ 1.00 ₹ 295.00 - -
Employee share-based payment expenses ₹ 648.00 ₹ 302.00 ₹ 314.00 ₹ 337.00 ₹ 298.00
Other non-cash items ₹ 2,607.00 ₹ 4,935.00 ₹ 9,292.00 ₹ 8,351.00 ₹ 8,143.00
Operating cash flow before changes in working capital ₹ 2,86,098.00 ₹ 2,07,394.00 ₹ 1,33,558.00 ₹ 1,88,740.00 ₹ 2,26,910.00
Changes in working capital
Trade receivables ₹ 4,510.00 ₹ -6,315.00 ₹ 6,448.00 ₹ 19,814.00 ₹ 7,500.00
Trade payables ₹ 3,516.00 ₹ -7,184.00 ₹ 24,288.00 ₹ 14,546.00 ₹ 24,929.00
Inventories ₹ 150.00 ₹ 29.00 ₹ 305.00 ₹ 24.00 ₹ 14.00
Provisions ₹ -66,861.00 ₹ -1,21,460.00 ₹ 12.00 ₹ 95.00 ₹ 180.00
Other financial and non-financial liabilities ₹ 10,692.00 ₹ 9,646.00 ₹ 16,479.00 ₹ 8,413.00 ₹ 2,388.00
Other financial and non-financial assets ₹ 1,07,155.00 ₹ -38,754.00 ₹ 42,350.00 ₹ 29,819.00 ₹ 20,827.00
Net cash generated from operations before tax ₹ 3,45,260.00 ₹ 43,356.00 ₹ 92,886.00 ₹ 1,61,947.00 ₹ 2,26,094.00
Income tax paid – net ₹ -1,337.00 ₹ -3,092.00 ₹ 9,482.00 ₹ 2,404.00 ₹ 14,439.00
Net cash generated from operating activities (a) ₹ 3,43,923.00 ₹ 40,264.00 ₹ 1,02,368.00 ₹ 1,59,543.00 ₹ 2,11,655.00
Cash flows from investing activities
Purchase of property, plant and equipment and capital work in progress
₹ -1,47,666.00 ₹ -1,14,342.00 ₹ 1,86,112.00 ₹ 1,93,180.00 ₹ 1,56,143.00
Proceeds from sale of property, plant and equipment ₹ 821.00 ₹ 4,872.00 ₹ 276.00 ₹ 4,886.00 ₹ 3,053.00
Purchase of intangible assets ₹ -3,825.00 ₹ -4,411.00 ₹ 14,402.00 ₹ 28,855.00 ₹ 1,70,135.00
Payment towards spectrum (including deferred payment liability)* ₹ -62,412.00 ₹ -15,424.00 ₹ 11,720.00 ₹ 9,909.00 ₹ 9,804.00
Proceeds from sale / (purchase) of current investments (net) ₹ 51,875.00 ₹ -65,455.00 ₹ 16,220.00 ₹ 35.00 ₹ 47.00
(Purchase) / sale of non-current investments ₹ -102.00 ₹ 11.00 ₹ 1,03,135.00 ₹ 65,933.00 ₹ 1,46,223.00
Investment in subsidiaries, joint ventures and associates ₹ -11,785.00 ₹ -4,405.00 ₹ 2,382.00 ₹ 41,814.00 ₹ 74,283.00
Loan given to subsidiaries ₹ -61,322.00 ₹ -67,184.00 ₹ 1,24,791.00 ₹ 72,135.00 ₹ 98,797.00
Loan repayment by subsidiaries ₹ 81,539.00 ₹ 32,867.00 ₹ 36,105.00 ₹ 71,512.00 ₹ 82,288.00
Dividend received ₹ 17,163.00 ₹ 8,631.00 ₹ 20,014.00 ₹ 4,200.00 ₹ 16,511.00
Interest received ₹ 3,481.00 ₹ 2,125.00 ₹ 3,151.00 ₹ 4,911.00 ₹ 5,858.00
Net cash used in investing activities (b) ₹ -1,32,233.00 ₹ -2,22,715.00 ₹ 1,99,288.00 ₹ 1,94,416.00 ₹ 2,42,832.00
Cash flows from financing activities
Net proceeds from issue of shares (Right Issue) - ₹ 2,48,759.00 - - -
Net proceeds from issue of shares (QIP) - ₹ 1,43,055.00 - - -
Net proceeds from issuance of FCCBs - ₹ 70,456.00 - - -
Proceeds from borrowings ₹ 1,38,540.00 ₹ 2,46,047.00 ₹ 2,15,031.00 ₹ 1,49,422.00 ₹ 1,40,419.00
Repayment of borrowings ₹ -2,37,074.00 ₹ -2,52,032.00 ₹ 1,46,572.00 ₹ 57,313.00 ₹ 1,22,391.00
Payment of lease liabilities (refer note 34) ₹ -51,846.00 ₹ -43,126.00 - - -
Repayment of short term borrowings (net) ₹ -14,097.00 ₹ -1,27,368.00 ₹ 97,848.00 ₹ 33,794.00 ₹ 32,832.00
Interest and other finance charges paid ₹ -56,793.00 ₹ -74,653.00 ₹ 52,307.00 ₹ 4,291.00 ₹ 10,850.00
Proceeds from exercise of share options ₹ 5.00 ₹ 3.00 ₹ 4.00 ₹ 3.00 ₹ 3.00
Dividend paid ₹ -10,911.00 - ₹ 19,988.00 ₹ 15,350.00 ₹ 5,456.00
Net cash (used in) / generated from financing activities (c) ₹ -2,32,176.00 ₹ 2,11,141.00 ₹ 94,016.00 ₹ 38,677.00 ₹ 5,456.00
Net (decrease) / increase in cash and cash equivalents during the ₹
year (a+b+c)
-20,486.00 ₹ 28,690.00 ₹ 2,904.00 ₹ 3,804.00 ₹ 3,380.00
Add: Cash and cash equivalents as at the beginning of the year ₹ 6 30,397.00 ₹ 1,707.00 ₹ 4,626.00 ₹ 822.00 ₹ 2,558.00
₹ 9,911.00 ₹ 30,397.00 ₹ 1,722.00 ₹ 4,626.00 ₹ 822.00
Refrence :-
i. https://www.bseindia.com/
ii. https://www.airtel.in/about-bharti/equity/results
iii. https://www.moneycontrol.com/financials/bhartiairtel/balance-sheetVI/BA08