Bharti Hexacom Ltd
Bharti Hexacom Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Broadband market expected to double from 45 million to 80-90 million homes over the medium term, driven by fiber home passes and FWA rollout in 2000+ cities. Bharti Airtel expects continued growth in digital adjacencies like Cloud, Security, IoT, and CPaaS, which account for ~90% of incremental industry growth.
From Bharti Hexacom Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Broadband market expected to double from 45 million to 80-90 million homes over the medium term, driven by fiber home passes and FWA rollout in 2000+ cities.
- Accelerated fiber home pass addition continues at 1.9 million per quarter.
- Mobile postpaid segment offers significant growth potential with 80 million customers targeted for upgrades.
- Digital adjacencies like Cloud, Security, IoT, CPaaS driving ~90% of incremental industry growth in B2B; company stepping up investments for faster growth.
- Exit of low-margin commodity voice and messaging business in B2B to improve focus and profitability.
- Strong momentum in DTH and home broadband, with new content partnerships (ZEE5, OTT apps) and IPTV testing to boost value.
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 is expected to moderate in FY2026 compared to FY2024, continuing the current downward trend.
- Radio capex has significantly decelerated with a focus now on a few additional 5G radios as device adoption grows.
- Transport infrastructure remains a key capex area to build a strong backbone for broadband, B2B, and mobile services.
- Home broadband capex is increasing, driven by fiber home pass expansions and FWA rollout, constrained mainly by rollout capacity.
- B2B and data center capex remain stable at current levels.
- Capex for Fixed Wireless Access (FWA) Customer Premises Equipment (CPE) will rise due to higher costs compared to broadband CPE.
- Airtel Finance is building organically but remains open to selective inorganic expansions in digital adjacencies.
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
- The order book in the global segment, specifically related to monetization of cable investments, had seen a slowdown due to reduced interest from OTT players.
- However, there are signs of change and improvement in the current quarter in terms of the order book.
- This segment is described as very profitable and the renewed growth in orders bodes well for the coming year.
Bharti Hexacom Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹2.4K Cr, net profit ₹447 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Bharti Hexacom Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Bharti Hexacom Ltd Q3 FY25 results?
Broadband market expected to double from 45 million to 80-90 million homes over the medium term, driven by fiber home passes and FWA rollout in 2000+ cities. Bharti Airtel expects continued growth in digital adjacencies like Cloud, Security, IoT, and CPaaS, which account for ~90% of incremental industry growth.
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 is expected to moderate in FY2026 compared to FY2024, continuing the current downward trend.
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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.