Bharti Hexacom Q2 Net Profit Rises 66% to Rs 421 Crore, EBITDA rises by 20%
Filing Summary
Bharti Hexacom Ltd. reported a 66% year-over-year increase in net income to Rs 421 crore for the second quarter ended September 30, 2025. Total revenues for the period grew 10% to Rs 2,317 crore. EBITDA increased by 20% to Rs 1,256 crore, with the EBITDA margin expanding to 54.2%. The company’s mobile services Average Revenue Per User (ARPU) was Rs 251, a 10.1% YoY increase. Net debt including lease obligations decreased by 26% to Rs 6,299 crore compared to the previous year.
Bharti Hexacom Ltd. filed its results for the second quarter and six months ended September 30, 2025. For the quarter, the company reported total revenues of Rs 23,173 million, a 10% increase from the corresponding quarter in the previous year. EBITDA was Rs 12,564 million, representing a 20% year-over-year growth. Net income before exceptional items for the quarter stood at Rs 4,212 million, a 66% increase compared to Rs 2,531 million in the same period last year.
The company’s profitability metrics showed changes during the quarter. The EBITDA margin was 54.2%, compared to 49.9% in the prior year period. EBIT for the quarter was Rs 7,021 million, a 38% year-over-year increase, resulting in an EBIT margin of 30.3%. Profit before tax was recorded at Rs 5,641 million. The income tax expense for the period was Rs 1,429 million. Net finance costs decreased by 19% year-over-year to Rs 1,380 million.
Capital expenditure for the quarter was Rs 3,676 million. Operating Free Cash Flow, calculated as EBITDA minus Capex, was Rs 8,888 million. As of September 30, 2025, net debt including lease obligations was Rs 62,989 million, a 26% reduction from the previous year. Net debt excluding lease obligations stood at Rs 28,183 million. The Net Debt-to-EBITDA ratio (annualized) was 1.25 times, and the Interest Coverage ratio was 9.92 times.
In the Mobile Services segment, the total customer base was 28.04 million. The Average Revenue Per User (ARPU) for the quarter was Rs 251, a 10.1% increase year-over-year. Monthly churn was reported at 2.6%. The data customer base reached 22.03 million, with average data usage per customer at 30.7 GB per month. Total minutes on the network during the quarter were 93,683 million.
The Homes and Offices Services segment reported a customer base of 561,000, a 59.8% increase from the prior year. The ARPU for this segment was Rs 484. The company’s infrastructure included 26,529 network towers and 92,455 total mobile broadband base stations as of the quarter’s end. The Homes Services operations covered 117 cities.
Segment-wise, Mobile Services generated revenues of Rs 22,385 million and an EBITDA of Rs 12,266 million. The Homes and Offices Services segment recorded revenues of Rs 880 million and an EBITDA of Rs 297 million. For the six months ended September 30, 2025, consolidated total revenues were Rs 45,803 million, and net income was Rs 8,128 million.
Bharti Hexacom Limited is a communications solutions provider offering consumer mobile, fixed-line telephone, and broadband services. The company operates under the Airtel brand in the Rajasthan and Northeast telecommunication circles of India.