Bharti Hexacom , one of India's leading telecommunications service providers, has announced strong financial results for the second quarter ended September 30, 2025, demonstrating consistent growth across its diverse portfolio.

Financial Highlights

• Consolidated revenues reached Rs. 52,000 crores, with an annualized run rate exceeding Rs. 200,000 crores.
• India revenues, excluding Indus, stood at Rs. 34,900 crores with an EBITDA margin of 51.5%.
• Operating free cash flow was Rs. 10,750 crores, with capex at Rs. 7,200 crores.
• India net debt to EBITDA ratio improved to 1.32.

Operational Performance

Mobile Segment

• Added 1.4 million revenue-earning customers and 5.1 million smartphone data users.
• ARPU (Average Revenue Per User) increased to Rs. 256.
• 5G network expansion continues with 167 million 5G users, handling over 40% of total network traffic.

Broadband and Homes

• Added 951,000 net broadband customers.
• Fixed Wireless Access (FWA) customer base crossed 2.3 million.

Airtel Business

• Reported revenues of Rs. 5,275 crores, growing 4.3% sequentially.

Strategic Developments

Bharti Hexacom announced a partnership with Google to establish data centers in Vishakhapatnam, aiming to expand capacity four-fold to over 1 gigawatt. This move is expected to strengthen the company's position in the data center market.

AGR Dues Update

The company welcomed the Supreme Court's recent AGR order, which allows for a comprehensive assessment and reconciliation of dues. Bharti Hexacom plans to pursue this matter with the government, potentially leading to a reassessment of its AGR liabilities.

Future Outlook

Gopal Vittal, Vice Chairman & Managing Director of Bharti Hexacom, emphasized the company's focus on:

1. Building a diversified and resilient portfolio
2. Winning quality customers
3. Delivering excellent customer experience
4. Leveraging digital capabilities
5. Optimizing costs through 'war on waste' initiatives

The company continues to invest in future-proofing its network infrastructure and expanding its digital services portfolio to drive long-term growth.

Bharti Hexacom's consistent performance and strategic initiatives position it well to capitalize on the growing opportunities in India's telecom and digital services market.

Bharti Hexacom , a key player in the Indian telecommunications sector, has reported strong financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

The company's performance for Q2 FY26 shows impressive year-on-year growth:

Operational Performance

Bharti Hexacom's operational metrics also showed positive trends:

• The total customer base grew to 28.60 million, a 4.1% increase year-over-year.
• Mobile data traffic surged by 27.0% YoY to 1,935 PBs.
• Average Revenue Per User (ARPU) improved to ₹251, up from ₹228 in Q2 FY25.
• The company expanded its network, adding 357 towers year-on-year, reaching a total of 26,529 network towers.

Segment Performance

Mobile Services

The Mobile Services segment, which forms the core of Bharti Hexacom's business, delivered strong results:

• Revenue grew by 9.6% YoY to ₹22,385.00 crore.
• EBITDA increased by 19.4% YoY to ₹12,266.00 crore.
• EBITDA margin expanded to 54.8%, up from 50.3% in Q2 FY25.

Homes and Offices Services

The Homes and Offices segment showed remarkable growth:

• Revenue increased by 46.9% YoY to ₹880.00 crore.
• Customer base expanded by 59.8% YoY, reaching 0.6 million.
• Net additions of 60,000 customers during the quarter.

Financial Position

Bharti Hexacom's financial position improved significantly:

• Net debt (excluding lease obligations) reduced to ₹28,183.00 crore from ₹48,561.00 crore in Q2 FY25.
• Net Debt to EBITDA ratio (annualized) improved to 1.25 times from 2.03 times in Q2 FY25.
• Net Debt to EBITDAaL ratio (annualized) improved to 0.64 times from 1.35 times in Q2 FY25.

Strategic Initiatives

The company continues to focus on enhancing customer experience and expanding its digital offerings:

1. Bharti Hexacom, in collaboration with Bharti Airtel, partnered with Perplexity to offer Perplexity Pro subscription free of cost to all its customers, providing access to an AI-powered search and answer engine.
2. The company reported significant progress in its fight against fraud, reducing financial losses for customers by nearly 70%.

Conclusion

Bharti Hexacom's Q2 FY26 results demonstrate strong performance across various financial and operational metrics. The company's focus on expanding its network infrastructure, improving ARPU, and enhancing digital services has contributed to its growth. However, it's important to note that the telecom sector remains highly competitive and subject to regulatory changes, which may impact future performance.