Date: August 04, 2026

Financial Performance Summary

Bharti Hexacom Limited reported its audited financial results for the first quarter ended June 30, 2026 (Q1 FY27).

Revenue Performance

  • Total revenues stood at Rs 2,510 crore, registering a growth of 10.9% YoY (from Rs 2,263 crore in Q1 FY26) and 4.0% QoQ (from Rs 2,414 crore in Q4 FY26)
  • Mobile services revenue grew by 9.3% YoY, supported by higher ARPU and continued customer additions
  • The Homes, Offices and Other services segment delivered revenue growth of 61.4% YoY

Profitability Metrics

  • EBITDA increased 13.0% YoY to Rs 1,375 crore (from Rs 1,217 crore in Q1 FY26) and 4.6% QoQ (from Rs 1,314 crore in Q4 FY26)
  • EBITDA margin expanded by 99 bps YoY to 54.8% (from 53.8% in Q1 FY26) and 0.3% QoQ (from 54.4% in Q4 FY26)
  • EBITDAaL (EBITDA after lease) rose 12.2% YoY to Rs 1,211 crore, with margin improving 57 bps YoY to 48.2%
  • EBIT grew 13.7% YoY to Rs 770 crore (from Rs 677 crore in Q1 FY26) and 4.4% QoQ (from Rs 738 crore in Q4 FY26)
  • EBIT margin improved 74 bps YoY to 30.7% (from 29.9% in Q1 FY26) and 0.1% QoQ (from 30.6% in Q4 FY26)
  • Profit before tax increased 24.0% YoY to Rs 653 crore (from Rs 527 crore in Q1 FY26) and 3.5% QoQ (from Rs 631 crore in Q4 FY26)
  • Net income (before exceptional items) increased 23.2% YoY to Rs 482 crore (from Rs 392 crore in Q1 FY26) and 3.6% QoQ (from Rs 466 crore in Q4 FY26)

Balance Sheet and Capital Allocation

  • Net Debt to EBITDA ratio (annualised) strengthened to 0.80 compared to 1.30 as of June 30, 2025
  • Net Debt (excluding lease obligations) to EBITDAaL ratio (annualised) improved to 0.20 from 0.65 as of June 30, 2025
  • Capex for the quarter stood at Rs 382 crore

Operational Performance

Mobile Services:

  • Smartphone data customers increased by 1.3 million YoY and 0.3 million QoQ
  • Smartphone data customers now account for 80% of total mobile customers
  • Mobile ARPU increased to Rs 259 in Q1 FY27 from Rs 246 in Q1 FY26
  • Mobile data usage grew by 30.5% YoY
  • Average monthly usage per customer reached 36.2 GB
  • Mobile data traffic for the quarter was 2,381 PBs
  • The company deployed 399 towers over the last one year to strengthen coverage
  • Launched Postpaid Fast Lane innovation powered by 5G slicing technology

Homes, Offices and Other Services:

  • Added 416K customers YoY, taking total customer base to 0.9 million
  • Customer base growth of 82.9% YoY (from 502,000 to 918,000)
  • Fiber network footprint expanded to 121 cities compared to 115 cities in Q1 FY26

Customer Base Breakdown

| Segment | Jun-26 | Mar-26 | QoQ Growth | Jun-25 | YoY Growth |

| Overall Customer Base ('000s) | 29,902 | 29,617 | 1.0% | 28,648 | 4.4% |

| Mobile Services ('000s) | 28,984 | 28,774 | 0.7% | 28,146 | 3.0% |

| Homes, Offices and Other Services ('000s) | 918 | 843 | 8.9% | 502 | 82.9% |

Business Overview

Bharti Hexacom is a communications solutions provider offering mobile, fixed-line telephone, Wi-Fi and IPTV services to customers in the Rajasthan and the North-East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. The company offers its services under the brand 'Airtel'.