Bharti Hexacom Reports Strong Q1 FY27 Results; Revenue Jumps 10.9% YoY, Net Debt Ratio Improves

Bharti Hexacom Reports Strong Q1 FY27 Results; Revenue Jumps 10.9% YoY, Net Debt Ratio Improves​

Bharti Hexacom Limited announced robust financial results for the first quarter of Fiscal Year 2027, ended June 30, 2026, demonstrating solid growth across revenues and significant margin expansion. The company reported total revenues of Rs 2,510 crore, marking a 10.9% increase year-on-year (YoY) and a 4.0% rise quarter-on-quarter (QoQ).

The operational performance reflected sustained focus on acquiring high-value customers and executing cost optimization strategies. EBITDA for the period reached Rs 1,375 crore, achieving a margin of 54.8%, which is up 1.0 percentage point (pp) YoY. EBIT also grew by 13.7% YoY to Rs 770 crore, leading to an EBIT margin of 30.7%, improving by 0.7 pp over the previous year.

Net income (before exceptional items) stood at Rs 482 crore, representing a 23.2% increase YoY. Key leverage ratios showed marked improvement, with Net Debt to EBITDA (annualized) strengthening to 0.80 times from 1.30 times in Q1'26. Furthermore, the Net Debt (excluding lease obligations) to EBITDAaL ratio improved significantly to 0.20 times compared to 0.65 times as of June 30, 2025.

Operational and Segment Highlights​

The company maintained a growing overall customer base of 29.9 million (Mn), up 4.4% YoY. Mobile services saw revenue increase by 9.3% YoY, while the Homes, Offices and Other Services segment recorded a substantial revenue growth of 61.4% YoY. The mobile ARPU improved to Rs 259 in Q1'27, up from Rs 246 in Q1'26.

In terms of network usage, mobile data traffic surged by 30.5% YoY to 2,381 PBs. The smartphone data customer base grew steadily, with an increase of 1.3 million customers over the past year and 0.3 million QoQ. The Homes, Offices and Other Services segment reported adding 416 thousand customers YoY, bringing its total base to 0.9 Mn.

Key developments highlighted during the quarter include the launch of Postpaid Fast Lane, leveraging 5G slicing technology to enhance connectivity for users. In a strategic move, Bharti Hexacom also extended connectivity services to the Indian Army in Arunachal Pradesh through partnership with 4 Corps of the Indian Army, covering 30 Army stations.

Financial Performance Overview​

The following table summarizes the financial performance metrics for Q1 FY27 compared to previous periods:

Balance Sheet and Investment Trends​

As of June 30, 2026, the company maintained a healthy capital structure with Total Assets at Rs 198,605 Mn and Total Equity standing at Rs 76,473 Mn.

The balance sheet performance indicators include:


Operations expanded with the deployment of 399 towers over the last year. Management emphasized that operational performance was driven by executing excellence and a continuous focus on acquiring high-quality customers.

BHARTIHEXA Stock Price Movement​

Bharti Hexacom Limited shares today shed 1.57% in the close, settling at ₹1616.8. The stock finished the session on a traded volume of 67,498 shares.