Bharti Hexacom Limited Earnings Summary — Q1 FY2027
Bharti Hexacom Delivers Strong 10.9% YoY Revenue Growth Driven by ARPU Gains and Robust Home Services Expansion
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 5 consecutive quarters.
- Revenue of ₹2,510 Cr is 10.9% higher year-on-year.
- Revenue has compounded at 14.0% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹482 Cr is 23.2% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 41.0% annualised across the period.
- Operating margin stands at 52.7% in Q1 FY2027.
- Operating margin expanded by 139 bps year-on-year.
- Over the last two years operating margin has expanded by 684 bps.
- PBT margin is 26.0%.
- Expense growth of 7.7% remained below revenue growth of 10.9%.
- Operating profit of ₹1,322 Cr is 13.9% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 77/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 2,510 | 2,414 | 2,360 | 2,317 | 2,263 | 2,289 | 2,251 | 2,098 | 1,911 | 1,868 |
| Expenses | Stable | 1,188 | 1,147 | 1,105 | 1,109 | 1,102 | 1,121 | 1,099 | 1,096 | 1,035 | 990 |
| Operating Profit | Improving | 1,322 | 1,267 | 1,254 | 1,208 | 1,161 | 1,168 | 1,152 | 1,002 | 876 | 878 |
| Operating Margin | Stable | 52.7% | 52.5% | 53.2% | 52.1% | 51.3% | 51.0% | 51.2% | 47.8% | 45.8% | 47.0% |
| Other Income | Volatile | 72 | 53 | 28 | 61 | 48 | 48 | -61 | 49 | 358 | 49 |
| Interest | Stable | 149 | 149 | 147 | 151 | 154 | 171 | 180 | 175 | 162 | 166 |
| Depreciation | Stable | 593 | 565 | 567 | 554 | 527 | 531 | 532 | 536 | 496 | 460 |
| Profit Before Tax | Strong Uptrend | 653 | 606 | 569 | 564 | 527 | 513 | 379 | 340 | 577 | 301 |
| Tax | Volatile | 171 | 160 | 95 | 143 | 135 | 45 | 118 | 86 | 66 | 78 |
| Net Profit | Volatile | 482 | 447 | 474 | 421 | 392 | 468 | 261 | 253 | 511 | 223 |
| Net Margin | Volatile | 19.2% | 18.5% | 20.1% | 18.2% | 17.3% | 20.5% | 11.6% | 12.1% | 26.8% | 11.9% |
Key Takeaways
- Revenue grew 10.9% YoY to ₹25,099 million, driven by mobile ARPU improvements and home service expansion.
- Mobile ARPU increased to ₹259, up from ₹246 in the same quarter last year, reflecting higher data usage and quality customer focus.
- The 'Homes, Offices and Other Services' segment saw explosive growth of 61.4% YoY as the company scaled Wi-Fi and IPTV.
- EBITDA margin expanded to 54.8%, a 99 bps improvement YoY, demonstrating strong operational leverage.
- Smartphone data customers grew by 1.3 million YoY, now representing 80% of the total mobile customer base.
- Net Debt to EBITDA ratio significantly improved to 0.80x from 1.30x YoY, strengthening the balance sheet.
Management Guidance
Management is focused on doubling down on ARPU levers and accelerating postpaid growth through differentiation. They continue to expand fiber footprints, reaching 121 cities, and are leveraging AI for spam detection and cross-selling. There is a strategic emphasis on fixed-mobile convergence to reduce churn.
Sentiment Shift
Improving
Margins continue to expand alongside steady ARPU growth and a massive deleveraging of the balance sheet compared to the prior year.
Outlook
The company expects continued growth in connected homes market and mobile ARPU through 5G upgrades and postpaid conversion. Management plans to continue the 'War on Waste' to mitigate global supply chain and energy cost headwinds.
From the Annual Report (Key Quotes)
“Bharti Hexacom delivered a strong performance, with revenues rising to Rs 2,510 crore, up 10.9% YoY and 4.0% QoQ.”
“Mobile ARPU increased to Rs 259 in Q1’27 from Rs 246 in Q1’26.”
“Net Debt to EBITDA ratio (annualised) strengthened to 0.80 compared to 1.30 as of June 30, 2025.”
“The Homes, Office and Other services segment remains a key growth driver, delivering 61.4% YoY revenue growth.”
Official Quarterly Documents
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This summary is AI-generated from Bharti Hexacom Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.