J.P. Morgan keeps INR 2,240.00 target for Bharti Airtel stock

Published on 10/16/2026 at 11:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

June 2026 revenue reached INR 585.39 billion from INR 494.63 billion. Bharti Airtel stock has November 5, 2026 earnings date scheduled.

Analyst target and company metrics

J.P. Morgan analyst Ankur Rudra set an INR 2,240.00 target on October 12, 2026.
Bharti Airtel reported INR 585.39 billion in revenue for the quarter ended June 30, 2026, versus INR 494.63 billion a year earlier.
Bharti Airtel had an INR 11.8 trillion market capitalization as of October 16, 2026.

Bharti Airtel, INE397D01024, Illustration mit AI erstellt.

Bharti Airtel (ISIN INE397D01024) reported quarterly revenue of INR 585.39 billion for the period ended June 30, 2026, up from INR 494.63 billion a year earlier, according to Markets Insider. J.P. Morgan analyst Ankur Rudra maintained a Buy rating and set an INR 2,240.00 price target on October 12, 2026, the same report said.

Target rests on stronger revenue

The June quarter comparison gives the target a firm operating reference: revenue increased from INR 494.63 billion to INR 585.39 billion year over year. Net profit also rose from INR 59.48 billion to INR 81.67 billion, according to Markets Insider.

What changed across three dates?

On June 30, 2026, Bharti Airtel reported INR 585.39 billion in quarterly revenue. On September 22, 2026, the company enhanced family postpaid plans priced at INR 999 and above, according to StockFin. On October 12, 2026, J.P. Morgan set its INR 2,240.00 target. This chronology links the stock story to both monetization and analyst valuation.

Regulatory execution remains a counter-factor. StockFin listed September 2026 penalties of INR 103,000 and INR 736,000 tied to subscriber verification matters, while also reporting June-quarter operating profit of INR 190.68 billion and a 32.60 percent operating margin.

When is the next report?

TradingView lists November 5, 2026 as Bharti Airtel's next earnings date, with the report covering the second quarter of 2026.

Company scale remains substantial

Bharti Airtel's equity page describes the company as a communications provider across South Asia and Africa. It lists 5,702.11 million fully paid-up shares and equity listings on the NSE and BSE, according to Bharti Airtel. The next earnings date and the evolution of revenue and profit will provide the next numerical test for the INR 2,240.00 target.