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Rs 18 Dividend Approved: Bharti Hexacom Shareholders Clear FY26 Results and RPTs at 31st AGM
Bharti Hexacom shareholders have approved a final dividend of Rs 18 per share for FY26, representing a 360% payout on the Rs 5 face value. The total dividend outflow is approximately Rs 900 crore, which is about 12.5% of the company's net worth of Rs 7,165 crore. Key resolutions passed include the approval of material related-party transactions with Bharti Airtel and Indus Towers, which are essential for the company's network operations. Additionally, a special resolution was passed to amend the Object Clause of the Memorandum of Association, potentially allowing for business diversification.
Confidence: HIGH
What changedShareholders have formally ratified the company's FY26 financial performance, dividend distribution, and critical operational contracts with related parties for the next cycle.
Why it mattersThe approval of related-party transactions ensures continued access to essential telecom infrastructure from Airtel and Indus Towers, while the dividend provides a yield of approximately 1.19% at the current price of Rs 1515.
Final Dividend: Rs 18 per shareDividend Payout vs Net Worth: ~12.5%Total Shares Voted: 491,147,866Shareholder Count (Record Date): 86,713Face Value: Rs 5
📅 Short termThe stock may see neutral to positive sentiment as the dividend is confirmed, with a likely price adjustment on the ex-dividend date.
📈 Long termThe approval of material RPTs provides operational stability for the company's 18% targeted growth rate in the Rajasthan and North East circles.
⚠ Risk flags
- High dependence on Related Party Transactions with Bharti Airtel and Indus Towers for infrastructure
Key Highlights
Final dividend of Rs 18 per fully paid-up equity share approved for the financial year ended March 31, 2026
Shareholder turnout for the dividend resolution was 98.23%, with 491,147,866 votes cast
Material Related Party Transactions with holding company Bharti Airtel and fellow subsidiary Indus Towers were ratified
Special resolution passed to amend the Object Clause of the Memorandum of Association
Total number of shareholders as of the August 04, 2026 record date stood at 86,713
👀 What to Watch
Investors should monitor the upcoming ex-dividend date to be eligible for the Rs 18 payout and watch for further disclosures regarding the specific changes to the Memorandum of Association's Object Clause.
Bharti Hexacom Q1 FY27: 28M Customers and 4.9% QoQ Depreciation Jump
Bharti Hexacom reported a customer base of 28 million as of Q2 FY26, maintaining its dominant market share in the North East (51%) and Rajasthan (36%). The company noted a 4.9% sequential increase in depreciation, driven by IPTV rollouts and an extra calendar day in the quarter. While the Home Broadband segment currently shows negative EBIT due to initial scale-up costs, management expects profitability to turn positive as it reaches critical mass. The India business (excluding passive infra) now maintains a healthy Net Debt to EBITDAaL ratio of less than 1%.
Confidence: HIGH
What changedThe filing provides detailed management commentary on the Q1 FY27 performance, specifically explaining the depreciation spike and the operational strategy for the Home Broadband and IPTV segments.
Why it mattersIt clarifies the cost structure differences between Hexacom and its parent (Airtel), specifically regarding fiber rentals which are treated as operating costs for Hexacom, impacting segment-level margins during the growth phase.
Revenue-earning customers: 28 millionDepreciation increase (QoQ): 4.9%Home subscriber growth (FY25): 46.9%Net Debt/EBITDAaL (India ex-passive): <1%FY25 Capex vs Net Worth: ~20.5%
📅 Short termThe stock may see neutral movement as the market absorbs the explanation for higher depreciation and the temporary negative EBIT in the broadband segment.
📈 Long termStructural growth remains tied to ARPU expansion and increasing digital penetration in its core 7-state footprint where internet density is below national averages.
⚠ Risk flags
- Negative EBIT in the Home segment during the scale-up phase
- Higher operating costs due to fiber rentals compared to parent company asset ownership
Key Highlights
Total revenue-earning customers reached 28 million as of Q2 FY26.
Depreciation increased by 4.9% quarter-on-quarter due to IPTV rollout and calendar effects.
Home Broadband subscribers grew 46.9% year-on-year to 448,000 in FY25.
Net Debt to EBITDAaL for the India business (excluding passive infrastructure) is now below 1%.
Capex of Rs 1,473 Cr dedicated to connectivity expansion, representing ~20.5% of Net Worth.
👀 What to Watch
Monitor the transition of the Home Broadband segment toward EBIT-positive status as subscriber scale increases. Watch for the impact of upcoming tariff revisions on ARPU growth in the Rajasthan and North East circles.
Rs 2,510 Cr Revenue: Bharti Hexacom Q1'27 Net Income Rises 23% YoY to Rs 482 Cr
Bharti Hexacom reported a strong Q1'27 with revenue growing 10.9% YoY to Rs 2,510 crore. Operational efficiency improved as EBITDA margins expanded by 99 bps to 54.8%, leading to a 23% YoY increase in net income (before exceptional items) to Rs 482 crore. A significant highlight is the deleveraging, with Net Debt to EBITDA falling to 0.80x from 1.30x a year ago. The company continues to focus on its core markets in Rajasthan and the North East, launching 'Fast Lane' for enhanced network experience.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results, showing double-digit revenue growth and improved profitability margins compared to the same period last year.
Why it mattersThe results demonstrate the company's ability to grow earnings and reduce leverage simultaneously within its specific regional footprint, supporting its 22% ROCE profile.
Revenue (Q1'27): Rs 2,510 croreEBITDA Margin: 54.8%Net Income (pre-exceptional): Rs 482 croreNet Debt to EBITDA: 0.80xYoY Revenue Growth: 10.9%
📅 Short termPositive sentiment is expected in the near term due to margin expansion and significant debt reduction reported in the quarterly results.
📈 Long termStructural improvement in the balance sheet and steady regional market leadership in Rajasthan and the North East support long-term value creation.
⚠ Risk flags
- Regulatory changes regarding spectrum or AGR liabilities
- Regional economic slowdown in Rajasthan/North East affecting data spending
Key Highlights
Revenue increased 10.9% YoY to Rs 2,510 crore in Q1'27
EBITDA margin expanded by 99 bps to reach 54.8% compared to 53.8% in Q1'26
Net Income (before exceptional items) grew to Rs 482 crore from Rs 392 crore in the previous year
Net Debt to EBITDA (annualized) significantly improved to 0.80x from 1.30x YoY
EBIT margin improved by 74 bps to 30.7% in Q1'27
👀 What to Watch
Monitor ARPU trends and the impact of the 'Fast Lane' initiative on customer retention and up-trading in the Rajasthan and North East circles.
23.2% YoY Net Income Growth in Q1 FY27; ARPU Rises to ₹259
Bharti Hexacom reported a strong Q1 FY27 with total revenues reaching ₹2,510 crore, a 10.9% YoY increase driven by higher ARPU and customer additions. Net income (before exceptional items) grew 23.2% YoY to ₹482 crore, while EBITDA margins expanded by 99 bps to 54.8%. The mobile ARPU improved to ₹259 from ₹246 a year ago, and the Homes segment saw a significant 61.4% revenue jump. Deleveraging continued, with the Net Debt to EBITDA ratio improving to 0.80x from 1.30x in the previous year.
Confidence: HIGH
What changedThe company reported its Q1 FY27 results, showing double-digit growth in revenue and profit alongside significant margin expansion and debt reduction.
Why it mattersThe results demonstrate strong pricing power through ARPU growth and operational efficiency in the Rajasthan and North East circles, while successfully scaling the non-mobile segment.
Revenue (Q1 FY27): ₹2,510 croreNet Income Growth (YoY): 23.2%Mobile ARPU: ₹259EBITDA Margin: 54.8%Net Debt/EBITDA: 0.80xCapex (Q1): ₹382 crore
📅 Short termPositive sentiment is expected due to margin expansion and strong ARPU growth, which are key performance indicators for the telecom sector.
📈 Long termStructural growth remains intact as the company converts its user base to smartphone/5G and expands its fiber footprint in under-penetrated regions like the North East.
⚠ Risk flags
- Regulatory changes regarding spectrum or AGR liabilities
- Slowdown in rural consumer spending in Rajasthan/North East
Key Highlights
Total revenue grew 10.9% YoY to ₹2,510 crore, with mobile services revenue up 9.3% YoY.
Mobile ARPU increased to ₹259 in Q1 FY27, compared to ₹246 in Q1 FY26.
Homes, Offices, and Other services segment revenue surged 61.4% YoY, adding 416K customers.
Net Debt to EBITDA ratio strengthened to 0.80x from 1.30x as of June 30, 2025.
Smartphone data customers now account for 80% of the total mobile customer base, adding 1.3 million YoY.
👀 What to Watch
Monitor the sustainability of ARPU growth and the pace of customer acquisition in the high-growth Homes/Broadband segment. Watch for the impact of 5G slicing technology on enterprise revenues and further deleveraging trends.
23% PAT Growth in Q1 FY27; Bharti Hexacom Reports ₹2,510 Cr Revenue, Up 10.9% YoY
Bharti Hexacom reported a strong start to FY27 with revenue growing 10.9% YoY to ₹2,510 crore. Net profit (before exceptional items) rose 23% YoY to ₹482 crore, driven by operational efficiencies and a 99 bps expansion in EBITDA margins to 54.8%. The company achieved significant deleveraging, with its Net Debt to EBITDA ratio improving to 0.80x from 1.30x in the previous year. Growth was particularly robust in the 'Homes, Office and Other Services' segment, which saw revenue jump 61.3% YoY.
Confidence: HIGH
What changedThe company has demonstrated strong margin expansion and significant debt reduction compared to the same quarter last year.
Why it mattersThe results confirm the company's ability to grow profitably in its core Rajasthan and North East markets while successfully scaling its non-mobile segments and strengthening its balance sheet.
Revenue (Q1 FY27): ₹2,510 CrNet Profit (Q1 FY27): ₹482.4 CrEBITDA Margin: 54.8%Net Debt to EBITDA: 0.80xHomes Segment Revenue Growth: 61.3%
📅 Short termThe stock is likely to react positively to the margin expansion and the sharp reduction in leverage ratios.
📈 Long termThe structural shift toward higher data consumption and broadband penetration in its specific circles provides a steady long-term growth runway.
⚠ Risk flags
- Regulatory changes regarding spectrum or AGR liabilities
- Geopolitical supply chain disruptions affecting 5G rollout
Key Highlights
Revenue from operations increased 10.9% YoY to ₹2,510 crore from ₹2,263 crore.
EBITDA margin expanded by 99 bps YoY to reach 54.8% in Q1 FY27.
Net Income (before exceptional items) grew 23% YoY to ₹482 crore.
Net Debt to EBITDA (annualized) improved significantly to 0.80x from 1.30x YoY.
Homes, Office and Other Services revenue grew 61.3% YoY to ₹126.5 crore.
👀 What to Watch
Investors should monitor the sustainability of ARPU (Average Revenue Per User) growth and the execution of the Home Broadband expansion, which is showing high-growth momentum.
₹18 per share final dividend: Bharti Hexacom sets July 31, 2026 as Record Date
Bharti Hexacom has fixed July 31, 2026, as the record date to determine eligibility for a final dividend of ₹18 per equity share for FY 2025-26. This follows the board's recommendation on May 13, 2026, and is subject to shareholder approval at the 31st Annual General Meeting (AGM) on August 11, 2026. If approved, the dividend will be paid within 30 days of the AGM to eligible shareholders. At the current price of ₹1610, this represents a dividend yield of approximately 1.12%.
Confidence: HIGH
What changedThe company has finalized the specific dates (Record Date and AGM Date) for the distribution of its previously recommended ₹18 per share final dividend.
Why it mattersThis confirms the cash return to shareholders for the fiscal year, demonstrating the company's ability to generate distributable surplus while maintaining its growth strategy in Rajasthan and the North East.
Dividend per share: ₹18Face Value: ₹5Record Date: July 31, 2026AGM Date: August 11, 2026Dividend Yield: ~1.12%
📅 Short termThe stock may experience neutral to slightly positive sentiment as the record date approaches, with the price typically adjusting downward by the dividend amount on the ex-dividend date.
📈 Long termLimited; while the dividend is a positive sign of financial health, the long-term value remains tied to ARPU growth and network expansion in its core circles.
Key Highlights
Final dividend of ₹18 per equity share recommended for the financial year 2025-26
Record date for determining eligible members is fixed as Friday, July 31, 2026
31st Annual General Meeting (AGM) scheduled for Tuesday, August 11, 2026
Dividend payout to be completed within 30 days from the date of shareholder approval
Dividend represents a 360% payout on the face value of ₹5 per share
👀 What to Watch
Investors interested in the dividend must hold the shares before the ex-dividend date (typically one working day prior to the record date). Monitor the AGM outcome on August 11, 2026, for formal approval of the payout.
Bharti Hexacom Wins Legal Battle: Bombay HC Quashes Rs 473.7 Cr OTSC Demand
Bharti Hexacom Limited has received a favorable judgment from the Bombay High Court regarding a long-standing dispute over One-Time Spectrum Charges (OTSC). The court has set aside a demand notice issued by the Department of Telecommunications (DoT) totaling Rs 473.7 crore pertaining to the Rajasthan and North East circles. This ruling removes a significant contingent liability from the company's books, providing substantial financial relief and clarity.
Key Highlights
Bombay High Court set aside the DoT demand notice for One-Time Spectrum Charges (OTSC) dated January 8, 2013.
The total financial demand involved for Bharti Hexacom was Rs 473.7 crore.
The litigation covered the company's operations in two key telecom circles: Rajasthan and North East.
The petition was filed through the promoter, Bharti Airtel Limited, and the judgment was delivered on June 8, 2026.
The removal of this demand eliminates a major potential cash outflow and legal overhang for the company.
👀 What to Watch
Investors should view this as a significant positive development that improves the company's financial risk profile. Monitor for any potential appeal by the Department of Telecommunications in higher courts.
Bharti Hexacom Promoter Bharti Airtel Declares Zero Share Encumbrance for FY 2025-26
Bharti Airtel Limited, the promoter of Bharti Hexacom Limited, has officially declared that it has not created any encumbrance on its shareholding during the financial year 2025-26. This declaration, submitted under Regulation 31(4) of SEBI (SAST) Regulations, 2011, includes both direct and indirect holdings by the promoter and persons acting in concert. The filing confirms that no shares were pledged as collateral for loans or other liabilities during the period. This is a routine but critical annual disclosure that highlights the financial stability and lack of debt-related pressure on the promoter's stake.
Key Highlights
Promoter Bharti Airtel Limited confirms zero encumbrance of shares for the financial year 2025-26.
Declaration covers all shares held directly or indirectly by the promoter and persons acting in concert (PAC).
Compliance filed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The disclosure was submitted to both NSE and BSE on April 07, 2026.
👀 What to Watch
Investors should take this as a positive sign of promoter health and corporate governance; no immediate portfolio action is required as this confirms a clean pledge-free status.
Bharti Hexacom Q4 FY26: ARPU Rises to ₹257, Dividend Hiked to ₹24 Per Share
Bharti Hexacom (alongside parent Bharti Airtel) reported a strong FY2026 with consolidated revenues reaching a record ₹2,11,000 Crores and an EBITDAaL margin of 51.2%. The company increased its dividend significantly to ₹24 per share, reflecting strong cash flow generation and a healthy net debt to EBITDAaL ratio of 1.1. In the mobile segment, Q4 ARPU grew to ₹257, supported by 5.8 million new smartphone customers, though management aims for faster growth. Strategic expansions in data centers, financial services (NBFC approval), and a 16.3% stake increase in Airtel Africa highlight long-term growth drivers.
Key Highlights
FY2026 consolidated revenue hit a lifetime high of ₹2,11,000 Crores with EBITDAaL of ₹1,08,000 Crores.
Recommended dividend increased by 50% to ₹24 per share from ₹16 in the previous year.
Mobile ARPU reached ₹257 in Q4 FY26, with 4.7 million total customer additions during the quarter.
Airtel Money received RBI approval to operate as an NBFC, with a monthly loan disbursement run rate exceeding ₹550 Crores.
Board approved a share swap to acquire an additional 16.3% stake in Airtel Africa to consolidate operations.
👀 What to Watch
Investors should view the strong dividend hike and deleveraged balance sheet as signs of financial maturity and operational strength. Monitor the scaling of new digital engines like the NBFC and data centers for potential future valuation re-rating.
Bharti Hexacom FY26 Net Profit Rises 16% to ₹17,332 Million; Declares ₹18 Dividend
Bharti Hexacom reported a strong performance for the financial year ended March 31, 2026, with annual revenue growing 9.4% to ₹93,538 million. Net profit for the full year increased by 16% to ₹17,332 million, supported by robust growth in the Mobile and Home services segments. The Board has recommended a significant final dividend of ₹18 per share (360% of face value). While Q4 FY26 profit saw a marginal year-on-year dip to ₹4,467 million due to higher tax provisions, the overall annual trajectory remains positive with improved EBITDA margins.
Key Highlights
Annual Revenue from operations increased 9.4% YoY to ₹93,538 million in FY26.
Full-year Net Profit grew 16% to ₹17,332 million with an EPS of ₹34.66.
Recommended a final dividend of ₹18 per equity share of face value ₹5.
EBITDA (before exceptional items) rose 16.8% YoY to ₹51,142 million for FY26.
Homes, Office and Other Services segment revenue jumped 51% YoY to ₹3,808 million.
👀 What to Watch
Investors should take note of the strong cash flow generation and the high dividend payout, which reflects management's confidence in the business. The steady growth in the core mobile segment and rapid expansion in home services make this a compelling long-term hold in the telecom space.
Bharti Hexacom Recommends ₹18 Dividend; FY26 Net Profit Rises 16% to ₹1,733 Crore
Bharti Hexacom reported a robust financial performance for FY26, with total revenue from operations rising 9.4% to ₹93,538 million. The company's net profit for the full year saw a 16% year-on-year increase, reaching ₹17,332 million, while EPS improved to ₹34.66. In a significant move for shareholders, the Board recommended a final dividend of ₹18 per share (360% of face value). The growth was primarily driven by the Mobile Services segment, which contributed over 96% of the total revenue.
Key Highlights
Recommended a final dividend of ₹18 per equity share of face value ₹5 each for FY26.
Annual revenue from operations grew 9.4% YoY to ₹93,538 million compared to ₹85,479 million in FY25.
Net profit for the full year increased to ₹17,332 million from ₹14,936 million in the previous year.
Mobile Services revenue reached ₹90,108 million, while Homes and Office services grew to ₹3,808 million.
Full-year Earnings Per Share (EPS) improved to ₹34.66 from ₹29.87 in FY25.
👀 What to Watch
The high dividend payout and steady double-digit profit growth signal strong operational health and cash flow. Investors should hold for the dividend yield and monitor the record date announcement following shareholder approval at the AGM.
Bharti Hexacom FY26 Net Profit Jumps 44% to ₹17,104 Mn; EBITDA Margins Expand to 54.2%
Bharti Hexacom reported a strong performance for FY26, with total revenue growing 9.4% YoY to ₹93,538 million. Profitability saw a significant boost as EBITDA increased by 16% to ₹50,694 million, driven by margin expansion from 51.1% to 54.2%. The company successfully reduced its net debt from ₹72,619 million to ₹54,731 million over the year. Operational metrics remained healthy with the customer base expanding to 29.6 million and network infrastructure continuing to grow.
Key Highlights
FY26 Revenue grew 9.4% YoY to ₹93,538 million, with Q4 revenue reaching ₹24,137 million.
EBITDA margins improved significantly to 54.2% in FY26 from 51.1% in the previous year.
Net Income (before exceptional items) surged by 43.8% YoY to ₹17,104 million.
Net Debt reduced by approximately 24.6% YoY to ₹54,731 million, improving the Net Debt to EBITDA ratio to 1.08x.
Total customer base increased to 29.6 million, supported by a network of 26,742 towers.
👀 What to Watch
The company shows strong operational efficiency and significant debt reduction, making it a healthy play in the telecom space. Investors should monitor the sustainability of margin expansion and customer acquisition trends in upcoming quarters.
Bharti Hexacom Q4 Net Profit Jumps 22.5% to ₹466 Cr; ARPU Rises to ₹252
Bharti Hexacom reported a strong Q4 FY26 with net income (before exceptional items) rising 22.5% YoY to ₹466 crore. Revenue grew 5.4% YoY to ₹2,414 crore, driven by a healthy increase in ARPU to ₹252 and robust growth in the Homes segment. The company's leverage profile improved significantly, with the Net Debt to EBITDAaL ratio dropping to 0.44x from 0.87x a year ago. A final dividend of ₹18 per share was recommended, reflecting strong cash flow generation.
Key Highlights
Q4 Net Income (before exceptional items) increased 22.5% YoY to ₹466 crore
Mobile ARPU improved to ₹252 compared to ₹242 in the same quarter last year
EBITDA margin expanded by 113 bps YoY to reach 54.4% with EBITDA at ₹1,314 crore
Homes and Office services revenue surged 65.3% YoY driven by 88.1% customer growth
Board recommended a final dividend of ₹18 per equity share for FY26
👀 What to Watch
Investors should view these results positively as they demonstrate strong ARPU growth and significant deleveraging. The high dividend payout and expansion in the high-margin Homes segment suggest continued value creation.
Bharti Hexacom FY26 Net Profit Rises 16% to ₹17,332 Million; Recommends ₹18 Dividend
Bharti Hexacom reported a strong financial performance for FY26, with annual revenue from operations growing 9.4% to ₹93,538 million. The company's net profit for the full year increased to ₹17,332 million from ₹14,936 million in the previous fiscal year, driven by steady growth in the Mobile Services segment. A final dividend of ₹18 per share (360% of face value) has been recommended, signaling robust cash flow generation. The balance sheet remains healthy with a significant reduction in total liabilities from ₹133,189 million to ₹118,854 million YoY.
Key Highlights
Annual revenue from operations increased to ₹93,538 million in FY26 vs ₹85,479 million in FY25.
Net profit for the year grew by 16% YoY to reach ₹17,332 million.
Board recommended a final dividend of ₹18 per equity share of face value ₹5 each.
Mobile Services segment remains the dominant contributor with ₹90,108 million in annual revenue.
Earnings Per Share (EPS) improved to ₹34.66 for FY26 compared to ₹29.87 in FY25.
👀 What to Watch
Investors should take note of the strong dividend yield and consistent profit growth, which reflects operational efficiency. The stock remains a healthy pick for those seeking exposure to the telecom sector with a focus on regional market leadership.
Bharti Hexacom Q3 FY26: ARPU Rises to Rs 259 Amid Strong 5G and Broadband Growth
Bharti Hexacom (reported alongside parent Bharti Airtel) delivered a robust Q3 FY26 with consolidated revenue reaching Rs 54,000 crores, a 3.5% sequential growth. The India mobile business saw ARPU climb to Rs 259, driven by 5G adoption and premiumization despite no recent tariff hikes. Operational efficiency remained high with India EBITDAaL margins at 51.8%, while the broadband segment achieved record quarterly net adds of 1.2 million customers. The company's balance sheet continues to strengthen with consolidated net debt to EBITDAaL improving to 1.02.
Key Highlights
Consolidated revenue grew 3.5% QoQ to Rs 54,000 crores with India EBITDAaL margins improving to 51.8%.
Mobile ARPU reached Rs 259, supported by a 5G customer base of 181 million and 5.2 million new smartphone users.
Broadband segment recorded its highest-ever quarterly net adds of 1.2 million, crossing 13 million connected homes.
Fixed Wireless Access (FWA) expanded significantly to over 3 million customers across 3,200 cities.
Operating free cash flow remained strong at Rs 15,900 crores, reflecting disciplined capex of Rs 11,800 crores.
👀 What to Watch
Investors should focus on the company's successful strategy of 'premiumization' which is driving ARPU growth even without broad tariff increases. The rapid scaling of FWA and 5G infrastructure positions the company well for long-term data monetization.
Bharti Hexacom Q3 Net Profit Jumps 81% YoY to ₹4,737 Million
Bharti Hexacom reported a strong Q3 FY26 with revenue from operations rising to ₹23,598 million, a 4.8% increase year-on-year. Net profit surged by 81.5% YoY to ₹4,737 million, supported by steady operational growth and a one-time tax credit. The company's EBITDA margin stood healthy at 54.7%, while the mobile services segment remained the dominant revenue contributor. Profitability was further boosted by a ₹487 million exceptional tax credit related to spectrum usage charges.
Key Highlights
Revenue from operations grew 4.8% YoY to ₹23,598 million compared to ₹22,507 million in Q3 FY25.
Net profit increased significantly to ₹4,737 million from ₹2,609 million in the same quarter last year.
EBITDA reached ₹12,919 million, reflecting a year-on-year growth of 7.9%.
Recognized an exceptional tax credit of ₹487 million following a favorable tribunal judgment on spectrum usage charges.
Basic EPS rose to ₹9.47 for the quarter, up from ₹5.22 in the year-ago period.
👀 What to Watch
The strong bottom-line growth and margin stability indicate robust operational health; investors should remain positive while monitoring the long-term impact of the New Labour Codes.
Bharti Hexacom Q3 FY26 Net Profit Jumps 81% YoY to ₹4,737 Million; EBITDA Margin Hits 54.3%
Bharti Hexacom reported a strong performance for Q3 FY26, with revenue growing to ₹23,598 million compared to ₹22,507 million in the same quarter last year. Net income after exceptional items saw a significant surge of 81.5% YoY, reaching ₹4,737 million. The company's operational efficiency improved as EBITDA margins expanded to 54.3% from 53.0% YoY. Furthermore, the company successfully reduced its net debt to ₹56,289 million from ₹78,900 million a year ago, showcasing a significantly healthier balance sheet.
Key Highlights
Revenue increased to ₹23,598 million in Q3 FY26, up from ₹22,507 million in Q3 FY25.
Net Income (after exceptional items) grew by 81.5% YoY to ₹4,737 million.
EBITDA margin improved to 54.3% compared to 53.0% in the corresponding quarter of the previous year.
Total customer base expanded to 29.038 million, adding over 1 million subscribers YoY.
Net Debt significantly reduced to ₹56,289 million, with the Net Debt to EBITDA ratio improving to 1.10x from 1.65x.
👀 What to Watch
The company demonstrates strong operational leverage and aggressive debt reduction, which strengthens its financial position. Investors should view this as a positive sign of growth and efficiency in the telecom sector.
Bharti Hexacom Q3 FY26 Net Profit Rises 18.8% YoY to Rs 432 Cr; ARPU Hits Rs 253
Bharti Hexacom reported a steady Q3 FY26 with revenue growing 4.8% YoY to Rs 2,360 crore, supported by a 3.6% growth in mobile services. The company's ARPU improved significantly to Rs 253 from Rs 241 a year ago, driven by portfolio premiumization and quality customer additions. Net income (before exceptional items) saw a robust 18.8% YoY increase to Rs 432 crore, while EBITDA margins expanded by 128 bps to 54.3%. Notably, the Homes and Office segment showed explosive growth of 50.8% YoY, and the leverage ratio (Net Debt/EBITDAaL) improved to a healthy 0.48x.
Key Highlights
Revenue grew 4.8% YoY to Rs 2,360 crore; EBITDA increased 7.4% YoY to Rs 1,282 crore
Mobile ARPU rose to Rs 253 from Rs 241 YoY, reflecting successful premiumization
Net Income (before exceptional items) jumped 18.8% YoY to Rs 432 crore
Homes, Office and Other services segment revenue surged 50.8% YoY with 73K new additions
Net Debt to EBITDAaL ratio improved significantly to 0.48x from 1.03x in the previous year
👀 What to Watch
Investors should view the consistent ARPU growth and strong margin expansion as positive indicators of operational efficiency. The rapid growth in the non-mobile segment and significant deleveraging further strengthen the company's fundamental outlook.
Bharti Hexacom Q3 Net Profit Jumps 81% YoY to ₹4,737 Million; Revenue Up 5% YoY
Bharti Hexacom reported a robust performance for Q3 FY26, with net profit surging 81.5% year-on-year to ₹4,737 million. Revenue from operations grew by 4.8% YoY to ₹23,598 million, primarily driven by the mobile services segment. The company benefited from a significant reduction in finance costs, which dropped from ₹1,802 million to ₹1,470 million YoY. Additionally, the bottom line was supported by a ₹487 million exceptional tax credit following a favorable tribunal judgment regarding spectrum usage charges.
Key Highlights
Net Profit increased by 81.5% YoY to ₹4,737 million in Q3 FY26 compared to ₹2,609 million in Q3 FY25.
Revenue from operations grew 4.8% YoY to ₹23,598 million, with Mobile Services contributing ₹22,718 million.
Finance costs reduced by 18.4% YoY to ₹1,470 million, reflecting improved debt positioning.
Exceptional tax credit of ₹487 million recognized due to a favorable Delhi Income Tax Tribunal judgment on spectrum charges.
Basic EPS rose significantly to ₹9.47 from ₹5.22 in the corresponding quarter of the previous year.
👀 What to Watch
The strong growth in profitability and reduction in finance costs make this a positive result for shareholders. Investors should maintain a positive outlook while monitoring the impact of the New Labour Codes on future operating expenses.
Bharti Hexacom Appoints Kathikeyan Velu as CFO; Akhil Garg to Move Within Bharti Group
Bharti Hexacom Limited has announced a leadership transition with Kathikeyan Velu appointed as the new Chief Financial Officer effective January 1, 2026. He succeeds Akhil Garg, who is resigning to take on a different role within the Bharti Group, ensuring a smooth internal transition. Velu is a seasoned professional with over 20 years of experience at Airtel, most recently serving as the Group Financial Controller. This move reflects the group's strategy of internal talent rotation and maintains continuity in financial leadership.
Key Highlights
Kathikeyan Velu appointed as CFO and Key Managerial Personnel effective January 1, 2026.
Outgoing CFO Akhil Garg to step down on December 31, 2025, to move to another role within Bharti Group.
New CFO Kathikeyan Velu has been with the Airtel group since 2002, bringing over 23 years of experience.
Velu previously served as B2C controller and is the current Group Financial Controller for Airtel.
👀 What to Watch
Investors should view this as a routine internal management rotation within the Bharti ecosystem. No immediate action is required as the transition appears planned and involves a long-term group veteran.
