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Informist, Monday, Nov. 3, 2025

 

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--Bharti Hexacom Jul-Sept net profit INR 4.21 bln 
--Analysts saw Bharti Hexacom Jul-Sept net profit at INR 4.23 bln 
--Bharti Hexacom Jul-Sept revenue INR 23.17 bln 
--Analysts saw Bharti Hexacom Jul-Sept revenue at INR 23.26 bln 
--Bharti Hexacom Jul-Sept PAT INR 4.21 bln vs INR 3.92 bln qtr ago 
--Bharti Hexacom Jul-Sept revenue INR 23.17 bln vs INR 22.63 bln qtr ago 
--Bharti Hexacom Apr-Sept PAT INR 8.13 bln vs INR 7.64 bln yr ago 
--Bharti Hexacom Apr-Sept revenue INR 45.80 bln vs INR 40.08 bln yr ago 
--Bharti Hexacom Q2 mobile svcs sales INR 22.39 bln vs INR 21.92 bln qtr ago 
--Bharti Hexacom Q2 mobile ARPU INR 251 vs INR 228 year ago 
--Bharti Hexacom Q2 EBITDA INR 12.56 bln, up 3.2% on quarter 
--Bharti Hexacom Q2 EBIT INR 7.02 bln, up 3.6% on quarter 
--Bharti Hexacom Jul-Sept EBITDA margin 54.2% vs 53.8% qtr ago 
--Bharti Hexacom Jul-Sept EBIT margin 30.3% vs 29.9% qtr ago 
--Bharti Hexacom Q2 capex INR 3.68 bln vs INR 2.27 bln qtr ago 
--Bharti Hexacom Q2 mobile data usage per user 30.7 GB per mo, up 4.5% on qtr 
--Bharti Hexacom net debt INR 62.99 bln on Sept 30 vs INR 63.16 bln qtr ago 
--Bharti Hexacom Q2 homes svcs net added 60,000 customers, up 10.7% QoQ 
--Bharti Hexacom mobile svcs customer base 28.04 mln on Sept 30, dn 0.4% QoQ 
--Bharti Hexacom mobile svcs network towers 26,529 Sept 30 vs 26,490 qtr ago 
--Bharti Hexacom mobile broadband stations 92,455 Sept 30 vs 91,442 qtr ago 

 

By Arya S. Biju

 

MUMBAI – After reporting a sequential decline in the previous quarter, Bharti Hexacom Ltd. reported a slight recovery in its earnings for the September quarter, supported by strong customer additions across its segments and higher average revenue per user. The company's bottom line for the quarter rose in the high single digits sequentially as sales grew faster than expenses. However, the company's earnings were not as good as the Street had anticipated. 

 

The telecommunications provider's net profit for the September quarter rose nearly 8% sequentially and 66% on year to INR 4.21 billion, but fell marginally short of the INR 4.23 billion net profit estimated by the Street. Its revenue for the quarter grew by over 2% sequentially and 10% year on year to INR 23.17 billion. This was also slightly lower than the INR 23.26 billion estimated by the Street. 

 

The company, in which Bharti Airtel Ltd. holds a majority stake, provides consumer mobile services, fixed-line telephone services, and broadband services in Rajasthan and the north-eastern states, including Manipur, Meghalaya, Mizoram, Nagaland, Tripura, and Arunachal Pradesh.  

 

The company's total expenditure for the reporting quarter grew nearly 2% sequentially, slower than the 2.4% sequential growth in its top line. The company's depreciation and amortisation expenses for the quarter, which accounted for more than 30% of its total costs, grew by more than 5% sequentially to INR 5.54 billion, while its network operating expenses grew at a slower 1.6% sequentially to INR 5.30 billion. The sequential growth in network operating expense was also slower than the nearly 10% on-quarter growth seen in the metric in the preceding quarter. 

 

The company's expenses related to license fees and spectrum changes grew a little over 1% on quarter to INR 2.14 billion, and those related to access charges rose nearly 3% to INR 1.68 billion. Its sales and marketing expenses and finance costs, on the other hand, declined over 4% and 2% sequentially to INR 963 million and INR 1.51 billion, respectively. The company's tax expense for the quarter grew nearly 6% sequentially to INR 1.43 billion. 

 

The internet service provider's overall earnings before interest, tax, depreciation, and amortisation for the September quarter rose over 3% sequentially and 20% on year to INR 12.56 billion, beating the Street's view of INR 12.15 billion. The company's EBITDA margin for the quarter improved 40 basis points to 54.2% from 53.8% reported in the trailing quarter. Its earnings before interest and tax for the quarter grew nearly 4% on a quarterly basis and around 38% on a yearly basis to INR 7.02 billion. The EBIT margin for the quarter improved 40 bps sequentially to 30.3%. 

 

Revenue from the company's mobile services vertical grew over 2% on quarter and around 10% on year to INR 22.39 billion, driven by higher realisations and smartphone customer additions. The company's mobile average revenue per user improved to INR 251 in the reporting quarter, up from INR 246 in the trailing quarter, alongside an increase in data consumption. The company's mobile data traffic during the quarter grew 27% on year to 1,935 petabytes. The company's mobile services customer base increased by over 3% on year but declined slightly on quarter to 28.04 million as of Sept. 30. Its data customer base improved by over 7% on year and by around 1% on quarter to 22.03 million. The company continued to add smartphone data customers to its digital network. It added 1.6 million smartphone data customers during the quarter, up over 8% on year and around 1% on quarter. 

 

Sales from the company's homes and office services segment jumped over 12% on quarter and 47% on year to INR 880 million, driven by strong net customer additions. Its home services' average revenue per user declined slightly on quarter and nearly 5% on year to INR 484. Its home services net added 60,000 customers in the September quarter, up nearly 11% on quarter and over 97% on year. 

 

As of Sept. 30, the company had 26,529 mobile network towers, up from 26,490 in the previous quarter and 26,172 towers in the year-ago quarter. It had 92,455 mobile broadband stations as of Sept. 30, up from 91,442 at the end of the previous quarter and 88,882 from the year-ago quarter. During the quarter, the company spent INR 3.68 billion on capital expenditure, up around 62% from INR 2.27 billion in the previous quarter. Its net debt was INR 62.99 billion as of Sept. 30, compared to 63.16 billion at the end of the June quarter. 

 

For the six months ended September, the company reported a net profit of INR 8.13 billion, up over 6% on year. Its revenue for the same period grew over 14% on year to INR 45.80 billion. 

 

Bharti Hexacom announced its September quarter earnings post-market hours Monday. Ahead of the earnings, the company's shares closed 0.4% higher at INR 1,867.30 on the National Stock Exchange.  End

 

Edited by Saji George Titus

 

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