Bharti Hexacom Limited (BHARTIHEXA) announced its audited results for the quarter ended Sep 30, 2026, showing a robust performance with total revenue reaching Rs 2,582 crore, marking a 11.4% year-over-year (YoY) growth and a 2.9% quarter-over-quarter (QoQ) increase.

Mobile Services Revenue Growth

The mobile services segment experienced a revenue growth of 9.9% YoY, driven by an improved average revenue per user (ARPU) and a growth in the smartphone customer base. The company’s smartphone data customer base expanded by 1.2 million YoY, with mobile ARPU rising to Rs 264 in Q2’27 from Rs 251 in Q2’26.

Homes, Office and Other Services Segment

The Homes, Office and Other services segment continued to be a key growth driver, delivering a 49.0% YoY revenue growth. This was driven by strong net customer additions, particularly in Wi-Fi and IPTV offerings. The customer base increased to 989K, and the fiber network footprint expanded to 122 cities.

The company’s EBITDA rose 12.8% YoY to Rs 1,417 crore, with EBITDA margin expanding by 65 bps YoY to 54.9%. EBIT grew 16.3% YoY to Rs 816 crore, with margin improvement of 132 bps YoY to 31.6%. Net income (before exceptional items) increased 34.4% YoY to Rs 566 crore. The net debt to EBITDA ratio improved to 0.87 compared to 1.25 as of Sep 30, 2025.

Bharti Hexacom Limited’s strong operational performance was driven by disciplined execution and focus on winning with quality customers. The company continues to invest in digital network and infrastructure expansion, deploying 411 towers over the last year to strengthen coverage and enhance customer experience.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Bharti Hexacom Limited

Bharti Hexacom Limited belongs to the Communication Services › Telecom Services sector. Here’s a quick read on where the business and the stock stand today.

Bharti moves sideways over three months, with neither buyers nor sellers taking control. Revenue grows at 12.4% and profits at 46.7% CAGR. The market consistently rewards this kind of compounding. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock holds at 44% of its 52-week range with RSI at 64. In other words, neither side has a clear edge right now. Revenue grows at 12.4% and profits at 46.7%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Bharti Hexacom Limited.

Bharti Hexacom Limited (BHARTIHEXA) recovered intraday by +5% to ₹1568.0 on the NSE on 13 Aug 2026, despite a breakdown in its 6-month trendline structure. This bounce occurred following the company’s recent corporate announcements regarding its Annual General Meeting held on August 11, 2026. Bharti Hexacom, a key player in the telecom services sector, has shown resilience today, although the broader sector momentum remains subdued. This move appears to be company-specific, driven by internal developments rather than sector-wide trends.

Technical setup — trendlines & DMA

From a technical standpoint, BHARTIHEXA’s 6-month trendline structure shows a breakdown, with the current price sitting below both the 6-month support trendline at ₹1686.64 and the resistance trendline at ₹1728.78. The stock is trading below its 50-DMA of ₹1534.8 and its 200-DMA of ₹1613.1, indicating a bearish trend. Within its 52-week range of ₹1430.0 to ₹1955.6, the current price is in the lower third, suggesting that while there is room for further downside, the stock is not yet at extreme lows. This setup implies that today’s bounce is a recovery within a broader downtrend, rather than a definitive reversal.

Fundamentals & business context

On the fundamental front, BHARTIHEXA’s PE of 40.5, coupled with a profit margin of 19.0% and a revenue CAGR of 12.4%, suggests that the market is pricing in future growth expectations rather than current earnings. The company’s strong profit CAGR of 46.7% over the past five years indicates robust earnings growth, which may justify the higher PE. However, the low institutional holding of 11.0% suggests that institutional investors are cautious about the stock. There was no specific NSE catalyst today beyond the routine corporate announcements, indicating that the move is likely driven by internal factors and market sentiment rather than new information.

Algorithmic scorecard

The algorithmic scorecard for BHARTIHEXA reflects a balanced view, with a slight lean towards fundamental strength over technical weakness. The strongest signals from the breakdown include the company’s excellent profit CAGR of 46.7% and its undervalued PEG ratio of 0.87, indicating that the stock is cheap relative to its growth. These signals suggest that the company has strong growth potential and is currently trading at a discount to its growth rate. On the weaker side, the stock’s high debt level with a D/E ratio of 1.20 and its low dividend yield of 1.19% represent risks. The high debt level could pose financial stability risks, especially in a rising interest rate environment, while the low dividend yield offers minimal income contribution to investors. These factors should be carefully considered by investors looking at BHARTIHEXA.

Company outlook

Management’s outlook for BHARTIHEXA is cautiously optimistic. They expect to see an unwinding of the change in acquisition policy in home broadband, leading to improved net adds. Additionally, they anticipate a higher trend of customer additions in mobile towards the second half of the year. Capex is being directed towards 5G densification, network modernization, and growing the homes and IPTV business. The focus is also on improving the quality of acquisition in home broadband to achieve better unit economics. These initiatives suggest that management is committed to enhancing both top-line growth and operational efficiency in the coming periods.

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Bharti Hexacom Limited (BHARTIHEXA) announced its audited results for the first quarter ended June 30, 2026, showcasing a robust performance. The company’s total revenue stood at Rs 2,510 crore, marking a 10.9% year-over-year (YoY) growth and a 4.0% quarter-over-quarter (QoQ) increase.

Mobile Services Revenue Growth

The mobile services segment delivered a revenue growth of 9.3% YoY, supported by a higher average revenue per user (ARPU) and continued customer additions. The smartphone data customer base expanded steadily, with 1.3 million new customers added over the past year, representing a 6.0% YoY increase.

Homes, Offices and Other Services Segment

The Homes, Office and Other services segment remained a key growth driver, delivering a remarkable 61.4% YoY revenue growth, driven by strong net customer additions, particularly in Wi-Fi and IPTV offerings. The customer base increased to 0.9 million, and the fiber network footprint expanded to 121 cities.

EBITDA increased 13.0% YoY to Rs 1,375 crore, with a margin expansion of 99 bps YoY to 54.8%. EBIT grew 13.7% YoY to Rs 770 crore, with a margin improvement of 74 bps YoY to 30.7%. Net income (before exceptional items) increased 23.2% YoY to Rs 482 crore. The net debt to EBITDA ratio strengthened to 0.80 compared to 1.30 as of June 30, 2025.

Strong operational performance was underpinned by executional excellence and a continued focus on acquiring quality customers. Bharti Hexacom’s strategic initiatives, including the launch of Postpaid Fast Lane powered by 5G slicing technology, are expected to drive future growth and enhance customer experience.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Bharti Hexacom Limited

Bharti Hexacom Limited belongs to the Communication Services › Telecom Services sector. Here’s a quick read on where the business and the stock stand today.

Bharti rises 11.0% over three months, with buying pressure holding steady. Revenue grows at 12.4% and profits at 46.7% CAGR. The market consistently rewards this kind of compounding. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. Buyers show up with 1.6x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. Both the business and the stock move in the right direction. Revenue grows at 12.4%, profits at 46.7%, and the PEG sits at 1.01 — below its growth rate. That combination is rare. Check Fundamentals of Bharti Hexacom Limited.