Telecom operator Bharti Airtel Ltd on Tuesday (March 11) announced the transfer of its 69.94% shareholding in Airtel Payments Bank to its wholly owned subsidiary, Airtel Ltd, following the receipt of requisite regulatory and corporate approvals.

“This is to inform you that the shareholding of 69.94%, held by Bharti Airtel Limited (the Company) in Airtel Payments Bank Limited (Bank), is being transferred to the company’s wholly owned subsidiary (i.e. Airtel Limited), post receiving requisite regulatory and corporate approvals. The above is an internal reorganization of shareholding in the bank and has no impact on the ownership of the bank,” Bharti Airtel said in a regulatory filing.

The move is part of an internal reorganisation and does not impact the ownership structure of the bank. The share transfer agreement was executed on March 11, 2025, with completion expected as per the mutual agreement between the parties. The transaction, classified as a related party transaction, will be conducted on an arm’s length basis.

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Bharti Airtel reported a net profit of ₹14,781 crore for the third quarter that ended on December 31, 2024. However, on an adjusted basis (before the exceptional items), the profit after tax (PAT) growth was 121% year-on-year at ₹5,514 crore.

In the corresponding quarter of the previous fiscal year, Bharti Airtel posted a net profit of ₹2,442 crore. The company’s revenue from operations increased 19% to ₹45,129 crore against ₹37,900 crore YoY, driven by strong momentum in India and continued underlying growth in constant currency in Africa.

EBITDA rose by 24.1% year-on-year to ₹24,880 crore, with an EBITDA margin of 55.1%. The company’s EBITDAaL (earnings before interest, taxes, depreciation, amortisation, and adjusted loss) also saw a significant boost, up 26.1% YoY to ₹21,474 crore, achieving an EBITDAaL margin of 47.6%.

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EBIT (earnings before interest and taxes) grew by 33.3% YoY to ₹13,126 crore, with an EBIT margin of 29.1%. Net income before exceptional items stood at ₹5,514 crore, and capex for the quarter was ₹9,161 crore.

Shares of Bharti Airtel Ltd ended at ₹1,661.20, up by ₹31.50, or 1.93%, on the BSE.