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Bharti Hexacom Q3 FY26: ARPU Rises to Rs 259 Amid Strong 5G and Broadband Growth
Bharti Hexacom (reported alongside parent Bharti Airtel) delivered a robust Q3 FY26 with consolidated revenue reaching Rs 54,000 crores, a 3.5% sequential growth. The India mobile business saw ARPU climb to Rs 259, driven by 5G adoption and premiumization despite no recent tariff hikes. Operational efficiency remained high with India EBITDAaL margins at 51.8%, while the broadband segment achieved record quarterly net adds of 1.2 million customers. The company's balance sheet continues to strengthen with consolidated net debt to EBITDAaL improving to 1.02.
Key Highlights
Consolidated revenue grew 3.5% QoQ to Rs 54,000 crores with India EBITDAaL margins improving to 51.8%.
Mobile ARPU reached Rs 259, supported by a 5G customer base of 181 million and 5.2 million new smartphone users.
Broadband segment recorded its highest-ever quarterly net adds of 1.2 million, crossing 13 million connected homes.
Fixed Wireless Access (FWA) expanded significantly to over 3 million customers across 3,200 cities.
Operating free cash flow remained strong at Rs 15,900 crores, reflecting disciplined capex of Rs 11,800 crores.
💼 Action for Investors
Investors should focus on the company's successful strategy of 'premiumization' which is driving ARPU growth even without broad tariff increases. The rapid scaling of FWA and 5G infrastructure positions the company well for long-term data monetization.
Bharti Hexacom Q3 Net Profit Jumps 81% YoY to ₹4,737 Million
Bharti Hexacom reported a strong Q3 FY26 with revenue from operations rising to ₹23,598 million, a 4.8% increase year-on-year. Net profit surged by 81.5% YoY to ₹4,737 million, supported by steady operational growth and a one-time tax credit. The company's EBITDA margin stood healthy at 54.7%, while the mobile services segment remained the dominant revenue contributor. Profitability was further boosted by a ₹487 million exceptional tax credit related to spectrum usage charges.
Key Highlights
Revenue from operations grew 4.8% YoY to ₹23,598 million compared to ₹22,507 million in Q3 FY25.
Net profit increased significantly to ₹4,737 million from ₹2,609 million in the same quarter last year.
EBITDA reached ₹12,919 million, reflecting a year-on-year growth of 7.9%.
Recognized an exceptional tax credit of ₹487 million following a favorable tribunal judgment on spectrum usage charges.
Basic EPS rose to ₹9.47 for the quarter, up from ₹5.22 in the year-ago period.
💼 Action for Investors
The strong bottom-line growth and margin stability indicate robust operational health; investors should remain positive while monitoring the long-term impact of the New Labour Codes.
Bharti Hexacom Q3 FY26 Net Profit Jumps 81% YoY to ₹4,737 Million; EBITDA Margin Hits 54.3%
Bharti Hexacom reported a strong performance for Q3 FY26, with revenue growing to ₹23,598 million compared to ₹22,507 million in the same quarter last year. Net income after exceptional items saw a significant surge of 81.5% YoY, reaching ₹4,737 million. The company's operational efficiency improved as EBITDA margins expanded to 54.3% from 53.0% YoY. Furthermore, the company successfully reduced its net debt to ₹56,289 million from ₹78,900 million a year ago, showcasing a significantly healthier balance sheet.
Key Highlights
Revenue increased to ₹23,598 million in Q3 FY26, up from ₹22,507 million in Q3 FY25.
Net Income (after exceptional items) grew by 81.5% YoY to ₹4,737 million.
EBITDA margin improved to 54.3% compared to 53.0% in the corresponding quarter of the previous year.
Total customer base expanded to 29.038 million, adding over 1 million subscribers YoY.
Net Debt significantly reduced to ₹56,289 million, with the Net Debt to EBITDA ratio improving to 1.10x from 1.65x.
💼 Action for Investors
The company demonstrates strong operational leverage and aggressive debt reduction, which strengthens its financial position. Investors should view this as a positive sign of growth and efficiency in the telecom sector.
Bharti Hexacom Q3 FY26 Net Profit Rises 18.8% YoY to Rs 432 Cr; ARPU Hits Rs 253
Bharti Hexacom reported a steady Q3 FY26 with revenue growing 4.8% YoY to Rs 2,360 crore, supported by a 3.6% growth in mobile services. The company's ARPU improved significantly to Rs 253 from Rs 241 a year ago, driven by portfolio premiumization and quality customer additions. Net income (before exceptional items) saw a robust 18.8% YoY increase to Rs 432 crore, while EBITDA margins expanded by 128 bps to 54.3%. Notably, the Homes and Office segment showed explosive growth of 50.8% YoY, and the leverage ratio (Net Debt/EBITDAaL) improved to a healthy 0.48x.
Key Highlights
Revenue grew 4.8% YoY to Rs 2,360 crore; EBITDA increased 7.4% YoY to Rs 1,282 crore
Mobile ARPU rose to Rs 253 from Rs 241 YoY, reflecting successful premiumization
Net Income (before exceptional items) jumped 18.8% YoY to Rs 432 crore
Homes, Office and Other services segment revenue surged 50.8% YoY with 73K new additions
Net Debt to EBITDAaL ratio improved significantly to 0.48x from 1.03x in the previous year
💼 Action for Investors
Investors should view the consistent ARPU growth and strong margin expansion as positive indicators of operational efficiency. The rapid growth in the non-mobile segment and significant deleveraging further strengthen the company's fundamental outlook.
Bharti Hexacom Q3 Net Profit Jumps 81% YoY to ₹4,737 Million; Revenue Up 5% YoY
Bharti Hexacom reported a robust performance for Q3 FY26, with net profit surging 81.5% year-on-year to ₹4,737 million. Revenue from operations grew by 4.8% YoY to ₹23,598 million, primarily driven by the mobile services segment. The company benefited from a significant reduction in finance costs, which dropped from ₹1,802 million to ₹1,470 million YoY. Additionally, the bottom line was supported by a ₹487 million exceptional tax credit following a favorable tribunal judgment regarding spectrum usage charges.
Key Highlights
Net Profit increased by 81.5% YoY to ₹4,737 million in Q3 FY26 compared to ₹2,609 million in Q3 FY25.
Revenue from operations grew 4.8% YoY to ₹23,598 million, with Mobile Services contributing ₹22,718 million.
Finance costs reduced by 18.4% YoY to ₹1,470 million, reflecting improved debt positioning.
Exceptional tax credit of ₹487 million recognized due to a favorable Delhi Income Tax Tribunal judgment on spectrum charges.
Basic EPS rose significantly to ₹9.47 from ₹5.22 in the corresponding quarter of the previous year.
💼 Action for Investors
The strong growth in profitability and reduction in finance costs make this a positive result for shareholders. Investors should maintain a positive outlook while monitoring the impact of the New Labour Codes on future operating expenses.
Bharti Hexacom Appoints Kathikeyan Velu as CFO; Akhil Garg to Move Within Bharti Group
Bharti Hexacom Limited has announced a leadership transition with Kathikeyan Velu appointed as the new Chief Financial Officer effective January 1, 2026. He succeeds Akhil Garg, who is resigning to take on a different role within the Bharti Group, ensuring a smooth internal transition. Velu is a seasoned professional with over 20 years of experience at Airtel, most recently serving as the Group Financial Controller. This move reflects the group's strategy of internal talent rotation and maintains continuity in financial leadership.
Key Highlights
Kathikeyan Velu appointed as CFO and Key Managerial Personnel effective January 1, 2026.
Outgoing CFO Akhil Garg to step down on December 31, 2025, to move to another role within Bharti Group.
New CFO Kathikeyan Velu has been with the Airtel group since 2002, bringing over 23 years of experience.
Velu previously served as B2C controller and is the current Group Financial Controller for Airtel.
💼 Action for Investors
Investors should view this as a routine internal management rotation within the Bharti ecosystem. No immediate action is required as the transition appears planned and involves a long-term group veteran.
Bharti Hexacom Appoints Karthikeyan Velu as CFO; Akhil Garg Moves Within Bharti Group
Bharti Hexacom has announced a leadership transition in its finance department effective January 1, 2026. The current CFO, Akhil Garg, will step down on December 31, 2025, to take on a new role within the Bharti Group. He will be succeeded by Karthikeyan Velu, a seasoned telecom finance leader with over 20 years of experience at Airtel. This transition appears to be a routine internal rotation within the Bharti ecosystem, ensuring continuity in financial leadership.
Key Highlights
Karthikeyan Velu appointed as Chief Financial Officer and KMP effective January 1, 2026
Outgoing CFO Akhil Garg to transition to a different role within the Bharti Group on December 31, 2025
Incoming CFO Karthikeyan Velu has over 20 years of experience and is currently the Group Financial Controller for Airtel
Velu's background includes roles as B2C controller and expertise in shared services and revenue assurance
The Board meeting for these approvals was conducted on December 18, 2025
💼 Action for Investors
This is a routine management transition within the Bharti Group and requires no immediate action from investors. Monitor the upcoming quarterly results for any changes in financial commentary under the new CFO.
Bharti Hexacom Appoints Karthikeyan Velu as CFO; Akhil Garg Moves Within Bharti Group
Bharti Hexacom has announced a leadership transition with the appointment of Karthikeyan Velu as the new Chief Financial Officer effective January 1, 2026. He succeeds Akhil Garg, who will step down on December 31, 2025, to transition into a new role within the Bharti Group. Mr. Velu is a telecom finance veteran with over 20 years of experience and currently serves as the Group Financial Controller for Airtel. This internal movement suggests a smooth transition and continuity in financial management within the group ecosystem.
Key Highlights
Karthikeyan Velu appointed as CFO and Key Managerial Personnel effective January 1, 2026
Outgoing CFO Akhil Garg to resign on December 31, 2025, for an internal role within Bharti Group
New CFO Karthikeyan Velu has over 20 years of experience and joined Airtel as a Management Trainee in 2002
Mr. Velu previously served as B2C controller and is the current Group Financial Controller for Airtel
The Board of Directors approved the appointment in a meeting held on December 18, 2025
💼 Action for Investors
Investors should monitor the transition but can remain confident as the new CFO is a long-term Bharti Group veteran. No immediate impact on the company's financial strategy or operations is expected from this routine internal movement.