Bharti Hexacom Ltd
Bharti Hexacom Q2 FY26: Revenue ₹2,317 Cr
Q2 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹2,317Cr
- +10.4% YoY
- Net profit
- ₹421Cr
- +66.4% YoY
- Margin
- 52%
- +4 pp YoY
Guidance rank: #4 of 12 in Telecom - Services
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Bharti Hexacom Ltd Q2 FY26 key numbers
- Revenue
- In Q2 FY2025, Bharti Airtel reported consistent revenue growth, with mobile revenue growing about 2.1% sequentially and overall revenue at Rs.2,317 Crores growing 2.4% sequentially.
As stated in Bharti Hexacom Ltd's Q2 FY26 earnings call transcript · published 1 Jun 2026. Reported figures, not investment advice.
The short version
In Q2 FY2025, Bharti Airtel reported consistent revenue growth, with mobile revenue growing about 2.1% sequentially and overall revenue at Rs.2,317 Crores growing 2.4% sequentially. Revenue growth is expected to continue with positive momentum in Q3 after a seasonal dip in Q2.
From Bharti Hexacom Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- In Q2 FY2025, Bharti Airtel reported consistent revenue growth, with mobile revenue growing about 2.1% sequentially and overall revenue at Rs.2,317 Crores growing 2.4% sequentially.
- The homes broadband business shows strong momentum, with record net additions (60,000 in Q2, the highest ever) and plans to accelerate fiber home pass deployment and Fixed Wireless Access (FWA) expansion; the industry is expected to grow to about 100 million homes over the medium term from current 50 million.
- Airtel is focusing on upgrading 90 million credit-scored customers to postpaid services, aiding data monetization and ARPU growth.
- Digital revenues grew strongly at 24% year-on-year, and Airtel Finance shows solid momentum increasing loan disbursements.
- Airtel aims to increase cross-selling and convergence across mobile, broadband, and other digital services to drive incremental revenue.
2 more points from Bharti Hexacom Ltd's call on revenue
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Profitability & Margins
See what Bharti Hexacom Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex trajectory is expected to moderate over time on an annualized basis, despite quarterly fluctuations due to execution, weather, and prioritization factors (Soumen Ray, Page 16).
- Capex on homes is small; it primarily involves routers leveraging existing fiber infrastructure, with a focus on acquiring customers during the land grab phase (Gopal Vittal, Page 13).
- No meaningful capex is required for 5G standalone rollout as networks are software-upgradable; a small amount for software is expected (Gopal Vittal, Page 10).
- Data center investments through Nxtra are set to increase; Airtel plans to step up investment to build market share, including the Rs. 1500 Crores annual investment baseline; partnership with Google includes data center build-out, cable landing stations, and fiber network (Gopal Vittal, Piyush Choudhary Q&A, Pages 6-8).
2 more points from Bharti Hexacom Ltd's call on capex
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Top-ranked in Telecom - Services
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Bharti Hexacom Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- During the quarter, Bharti Airtel's Global business showed signs of improvement with growth in the order book and an improved funnel.
- The company signed multiple connectivity deals with marquee global customers.
- In adjacencies such as Cybersecurity and IoT, Airtel secured new contracts, including a multi-year contract with the Indian Railways Security Operations Center for comprehensive security services.
- Airtel is actively scaling its digital portfolio across Cloud, Cybersecurity, Financial Services, IoT, and CPaaS, indicating ongoing and upcoming business engagements.
Bharti Hexacom Ltd — Quarterly revenue & net profit
Bharti Hexacom Ltd Q2 FY26 results — key figures
| ₹ Cr | Q2 FY26 | Q2 FY25 | YoY | Q1 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 2,317 | 2,098 | +10.4% | 2,263 | +2.4% |
| Operating profit (EBITDA) | 1,208 | 1,002 | +20.6% | 1,161 | +4% |
| Operating margin | 52% | 48% | +4 pp | 51% | +1 pp |
| Profit before tax | 564 | 340 | +65.9% | 527 | +7% |
| Net profit (PAT) | 421 | 253 | +66.4% | 392 | +7.4% |
| EPS (₹) | 8.42 | 5.06 | +66.4% | 7.83 | +7.5% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹2.6K Cr, net profit ₹566 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Bharti Hexacom's management said in earlier quarters
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Potential multibaggers · Q2 FY27
Potential multibaggers in Telecom - Services
on management's own guidance
- Strong growth2
- Strong growth1
- Bharti AirtelGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Bharti Hexacom Ltd Q2 FY26 results?
In Q2 FY2025, Bharti Airtel reported consistent revenue growth, with mobile revenue growing about 2.1% sequentially and overall revenue at Rs.2,317 Crores growing 2.4% sequentially. Revenue growth is expected to continue with positive momentum in Q3 after a seasonal dip in Q2.
What is Bharti Hexacom Ltd share price analysis?
Bharti Hexacom Ltd currently shows a neutral. The stock trades at a P/E of 43.9 with a market cap of ₹81,055 Cr. Investors should review the full earnings analysis for detailed insights.
Is Bharti Hexacom Ltd planning capital expenditure?
Capex trajectory is expected to moderate over time on an annualized basis, despite quarterly fluctuations due to execution, weather, and prioritization factors (Soumen Ray, Page 16).
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.
