Bharti Hexacom Reports Strong Q1 Performance with Revenue Growth and Network Enhancements

Bharti Hexacom Reports Strong Q1 Performance with Revenue Growth and Network Enhancements​

Bharti Hexacom Limited reported robust results for the first quarter (Q1) ended June 30, 2026, marked by significant growth in revenue, operational efficiency, and strategic network deployments. The company showcased advancements in premium services while maintaining reliable connectivity across remote regions of India.

The quarterly performance indicated continued progress in market share capture and cost management. Total revenues for the quarter stood at Rs 25,099 Mn, registering a 10.9% year-over-year (YoY) increase compared to the corresponding period last year. The company recorded EBITDA of Rs 13,749 Mn, reflecting a 13.0% YoY rise, which improved the EBITDA margin to 54.8%, up 1.0 percentage point (pp) YoY.

Net income before exceptional items was reported at Rs 4,824 Mn for the quarter, compared to Rs 3,916 Mn in the preceding year period. The EBIT figure reached Rs 7,699 Mn, demonstrating a 13.7% increase YoY, boosting the EBIT margin to 30.7%, up 0.7 pp over the prior year.

Key Operational and Strategic Milestones​

Bharti Hexacom expanded its service portfolio by launching Fast Lane, utilizing cutting edge 5G slicing technology to deliver faster and more reliable speeds for demanding customers who require uninterrupted connectivity for work or collaboration. The company also sustained commitment to underserved areas, ensuring reliable network access across challenging terrain.

A major strategic development involved the completion of the first phase of a partnership with the 4 Corps of Indian Army. This initiative aimed to strengthen mobile connectivity by deploying services across 30 Army stations located in the mountainous terrain of Arunachal Pradesh.

Financial Highlights Snapshot​

The operational efficiency and financial strength were reflected across key metrics, supported by prudent capital expenditure management. Net debt excluding lease obligations stood at Rs 9,604 Mn as of June 30, 2026, a reduction from Rs 28,064 Mn recorded in June 2025.

The summary of financial performance for the quarter is detailed below:

Business Division and Network Performance​

The Mobile Services segment contributed Rs 23,953 Mn to total revenues, showing a 9% increase compared to the previous year quarter. The Homes, Office and Other Services segment demonstrated particularly strong growth, achieving a revenue of Rs 1,265 Mn—a 61% YoY jump from Q1 Jun-25.

Operational metrics indicated healthy network utilization and customer engagement:

• Customer Base: The total customer base stood at 29.90 Mn, up 4.4% YoY, compared to 28.65 Mn in the prior year quarter.
• Data Traffic: Mobile data traffic reached 2,381 PBs, a substantial increase of 30.5% over the previous year's corresponding period. Average mobile data usage per customer grew 23.3% YoY to 36.2 GB/month.
• Network Infrastructure: The company maintained 26,889 network towers and operated 96,012 total mobile broadband base stations as of the quarter end.

In addition, the company's financial structure exhibited stability, with the Net Debt to EBITDA (Annualized) ratio settling at 0.80 times, down from 1.30 times in the prior year quarter. The Net Debt excluding lease obligations to EBITDAaL (Annualised) stood at 0.20 times, a decrease from 0.65 times in Q1 Jun-25.

BHARTIHEXA Stock Price Movement​

Bharti Hexacom Limited shares today slipped by 1.57% to settle at ₹1616.8 after closing the post-market session. The security recorded a total traded volume of 67,498 shares as it moved within its intraday range.