India, Sept. 23 -- Bharti Airtel's balance sheet shows positive trends, but a deeper analysis is warranted. Despite a significant reduction in net debt, the finance costs have not decreased correspondingly, raising questions about the overall financial health and sustainability of the company's growth strategy.

Bharti Airtel was recently trading around Rs 1,817 per share, with a market capitalization of roughly Rs 11,41,591 crore and a P/E of around 36.3x. The stock's 52-week range was approximately Rs 1,740-2,175.

Net Debt Has Fallen Sharply Bharti Airtel's balance sheet has undergone a substantial improvement over the past year. As of June 30, 2026, consolidated net debt excluding lease obligations stood at Rs 81,852 crore, compared ...