Bharti Hexacom Limited has uploaded the audio and video recording of its earnings call held on August 05, 2026, to its corporate website. The call was convened to discuss the company's audited financial results for the first quarter (Q1) ended June 30, 2026. This disclosure ensures transparency for investors seeking detailed commentary on the quarterly performance beyond the statutory filings.

The upload was made pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Amit Chaturvedi, Company Secretary and Compliance Officer of Bharti Hexacom Limited, signed off on the communication submitted to both the National Stock Exchange of India Limited and BSE Limited.

Key Details

Regulatory Compliance

The company confirmed that the recording is accessible via the dedicated quarterly results section of its website. This step completes the post-earnings disclosure process for the quarter, allowing stakeholders to review management's discussion on operational highlights and financial outcomes for the period.

Bharti Hexacom Limited reported a net profit of ₹482 crore for the first quarter ended June 30, 2026 (Q1FY27), marking a 23.2% increase compared to ₹392 crore in Q1FY26. The telecom infrastructure provider saw total revenues rise 10.9% year-on-year to ₹2,510 crore, up from ₹2,263 crore in the previous year’s corresponding period. This performance underscores sustained demand in its core mobile services segment, supported by higher average revenue per user (ARPU) and continued customer additions, while improved cost efficiency expanded EBITDA margins by 99 basis points to 54.8%.

The Board of Directors approved the audited standalone financial results in a meeting held on August 04, 2026, following review by the Audit Committee. The results were filed with the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Deloitte Haskins & Sells LLP served as the statutory auditor, issuing an unqualified opinion on the interim financial statements prepared under Ind AS 34.

Financial Performance Highlights

Revenue from operations increased to ₹2,510 crore from ₹2,263 crore in Q1FY26. Other income stood at ₹72.1 million, up from ₹47.5 million in the prior year quarter. Total expenses rose primarily due to higher network operating expenses of ₹537.6 million and access charges of ₹204.1 million. EBITDA grew by 13% to ₹1,375 crore. Earnings before interest and taxes (EBIT) grew 13.7% YoY to ₹770 crore, with margins improving by 74 basis points to 30.7%.

Segment-wise Breakdown

Mobile Services remained the primary revenue driver, generating ₹2,395.3 million in Q1FY27, up from ₹2,191.6 million in Q1FY26. The Homes, Office and Other Services segment reported revenue of ₹126.5 million, a significant increase of 61.4% from ₹78.4 million in the previous year. Segment assets for Mobile Services grew to ₹17,370.5 million from ₹17,254.2 million, while total segment liabilities decreased slightly to ₹9,785.2 million from ₹10,007.6 million.

Operational Metrics

Smartphone data customers increased by 1.3 million year-on-year and 0.3 million quarter-on-quarter, now accounting for 80% of total mobile customers. Mobile ARPU increased to ₹259 in Q1'27 from ₹246 in Q1'26. Mobile data usage grew by 30.5% YoY, with average monthly usage per customer reaching 36.2 GB. The Homes, Offices and other segment added 416,000 customers year-on-year, taking the customer base to 0.9 million. The fiber network footprint expanded to 121 cities as compared to 115 cities in Q1'26. Capex for the quarter stood at ₹382 crore.

What the Numbers Show

The divergence between revenue growth (10.9%) and expense growth highlights improved operational efficiency. While network operating expenses increased, they did so at a slower pace than revenue, allowing EBITDA to expand by 13%. Finance costs declined marginally to ₹148.8 million from ₹154.1 million, aiding bottom-line expansion. The absence of exceptional items in Q1FY27 ensures that the profit growth is purely operational. Deferred tax credits of ₹50.5 million provided further support to net margins. Notably, net debt excluding lease obligations dropped sharply by 66% to ₹960.4 million from ₹2,806.4 million in the corresponding quarter last year, reflecting strong deleveraging. The Net Debt to EBITDA ratio (annualised) strengthened to 0.80 compared to 1.30 as of June 30, 2025.