On May 13, Bharti Airtel's board confirmed the reappointment of Sunil Bharti Mittal as Chairman for a five-year term starting October 1, 2026. This decision comes as Mittal's current term is set to conclude on September 30, 2026.
Additionally, Nisaba Godrej has been reappointed as an Independent Director for another five-year term, effective August 4, 2026. Both appointments are awaiting approval from the company's shareholders.
Regulatory Compliance
The board has assured that both Mittal and Godrej meet all necessary regulatory requirements for their positions. It was noted that Mittal is related to Non-Executive Director Rajan Bharti Mittal, his brother, in accordance with related-party disclosure norms. In contrast, Godrej has no familial connections with any current board members.
Financial Performance Overview
Bharti Airtel also released its financial results for the fourth quarter of the fiscal year 2025-26 during the same meeting. The company reported a consolidated net profit of ₹7,325 crore for Q4FY26, reflecting a 10.5% increase from the previous quarter but a significant 33.5% decline year-on-year.
This decline was largely attributed to a high profit base from the previous year, when a tax credit of ₹2,892 crore was recorded. The company also incurred a charge of ₹3,161 crore due to regulatory and government levies during the quarter.
Revenue Growth
Despite the profit drop, Bharti Airtel's consolidated revenue from operations reached ₹55,383 crore, up 15.7% year-on-year and 2.6% quarter-on-quarter. This growth was driven by strong performance in India, Africa, and the home broadband segment.
Dividend Announcement
The company declared a final dividend of ₹24 per share for FY26, pending shareholder approval at the upcoming Annual General Meeting (AGM). The record date for determining eligible shareholders will be announced later.
Stock Performance
On the day of the announcement, Bharti Airtel's shares rose by 1.39%, closing at ₹1,781.20. However, the stock has faced challenges recently, with a 2.71% decline over the past five trading sessions and a nearly 15% drop over the last six months. Year-to-date, shares have decreased by 15.60%.
