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Informist, Tuesday, May 13, 2025

By Sunil Raghu

AHMEDABAD - Bharti Hexacom Ltd.'s net profit for the March quarter grew 79.5% on quarter to INR 4.68 billion on the back of a low base as in the December quarter the company had a net exceptional loss of INR 1.06 billion. The company had to pay regulatory levies of INR 1.40 billion in the December quarter while it made a gain of INR 346 million on account of the reversal of provision created for input tax credit on passive infrastructure services.

The company reported a revenue of INR 22.89 billion for the March quarter, up 1.7% on quarter. On a year-on-year basis, the company's net profit grew 110.4% and revenue grew 22.5%. The company's other income rose 6.22% on quarter but was down 1.85% on year to INR 478 million.

Bharti Hexacom offers consumer mobile services, fixed-line telephone, and broadband services in Rajasthan and north-eastern states including Manipur, Meghalaya, Mizoram, Nagaland, Tripura, and Arunachal Pradesh.

The company's total expenditure rose marginally to INR 11.21 billion because of an almost 1% sequential rise in spectrum charges to INR 2.09 billion. The company reported a depreciation and amortisation expense of INR 5.31 billion, marginally down from the previous quarter. On a sequential basis, the company's access charge grew 7.12% to INR 2.47 billion and network operating charges fell 2% to INR 4.76 billion. The company also cut down its sales and marketing costs by 16.55% quarter-on-quarter to INR 862 million in the March quarter. For the financial year 2024-25 (Apr-Mar), the company's net profit increased over 196% to INR 14.94 billion and revenue rose 20.6% to INR 85.48 billion.

The company's earnings before interest, tax, depreciation, and amortisation, or EBITDA, for the March quarter was INR 12.20 billion, up 33.5% from INR 11.94 billion in the previous quarter. The company's EBITDA margin for the period improved by 440 basis points on year and 300 basis points on quarter to 53.3%, led by cost efficiencies and operating leverage, the company said in its press release. The company's capital expenditure for the quarter was INR 4.25 billion, up from INR 2.83 billion in the previous quarter. The company's EBIT for the March quarter was INR 6.77 billion compared to INR 6.62 billion in December quarter. The EBIT margin for Jan-Mar was 29.6%, marginally up from 29.4% a quarter ago.

The company's mobile average revenue per customer increased to INR 242 in the March quarter, from INR 241 in the previous quarter. The mobile data usage per user increased to 27.7 gigabytes per month, up 5.8% from 26.2 gigabytes per month in December quarter. The company's mobile services revenue grew 22% on year led by tariff repair and focus on premiumisation of the portfolio.

The company's customer base in this segment for the March quarter was 28.13 billion, up around 2% on quarter. As of Mar. 31, the company had a total of 26,497 mobile towers, up from 26,355 in the previous quarter, and mobile broadband stations of 81,840, up from 81,340 in the previous quarter. It net add 53,000 customers on sustained momentum in home and office business during the March quarter, taking the total base to 400,000 customers. As of Mar. 31, the home services segment covered 114 cities, up from 110 cities at the end of the previous quarter. The company's mobile services sales in the March quarter rose to INR 22.2 billion, compared to INR 21.9 billion sequentially.

In March, the company prepaid INR 8.6 billion towards deferred liabilities to the Department of Telecommunications for spectrum purchased in 2024. With this, the company has now fully prepaid all deferred liabilities pertaining to spectrum acquired in auction then. As of Mar. 31, the company's net debt stood at INR 72.62 billion, compared to INR 78.90 billion on Dec. 31, 2024. The company will pay a dividend of INR 10 per share for FY25.

The company declared its results after market hours. On Tuesday, shares of the company closed at INR 1,703.30 on the National Stock Exchange, down 3.1% from Monday.  End

Edited by Ashish Shirke

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