Bharti Hexacom reported strong, consistent performance for Q3 FY2026, with consolidated revenue reaching Rs.54,000 crores, growing 3.5% sequentially. Consolidated EBITDAaL grew 4.2% to over Rs.27,700 crores, achieving a margin of 51.3%. Key focus areas for future growth include portfolio premiumization, digital acceleration, and leveraging group synergies across India and Africa. The company continues disciplined capex to future-proof infrastructure.
Q3 FY2026 Consolidated Performance
Bharti Hexacom, alongside Bharti Airtel, delivered another quarter of strong performance across India and Africa. Consolidated revenue for the quarter ended December 31, 2025, stood at approximately Rs.54,000 crores, marking a 3.5% sequential growth. Consolidated EBITDAaL increased by 4.2% to over Rs.27,700 crores, with the margin expanding sequentially by about 30 basis points to 51.3%.
Operating free cash flow remained strong at Rs. 15,900 crores. The company highlighted its sustained operational excellence, driven by portfolio premiumization and tight cost control through ‘war on waste’ initiatives. Consolidated net debt to EBITDAaL improved to 1.02x.
India Mobility and Broadband Highlights
In the India mobility segment, the company added 4.4 million revenue earning customers and 5.2 million smartphone data consumers. ARPU stood at Rs.259, driven by premiumization efforts such as prepaid-to-postpaid upgrades and data monetization. The 5G rollout remains on track, with about 11,000 5G sites added in the quarter, covering approximately 74% of the population.
The broadband segment delivered its highest ever quarterly net adds of 1.2 million customers, crossing the 13 million installed connected homes base. Fixed Wireless Access (FWA) momentum is strong, reaching over 3 million customers.
Strategic Pillars and Growth Drivers
Management reiterated their commitment to five strategic pillars to drive future growth:
- Diversified and Resilient Portfolio: Africa contributes about 27% of revenues, India mobile 53%, India non-mobile 13%, and Indus 7%.
- Winning Quality Customers: Continued focus on fiber-first broadband deployment, with over 11,000 km of fiber rolled out during the quarter.
- Portfolio Premiumization: Strategy focused on upgrading 90 million credit-scored customers to postpaid services and growing the international roaming portfolio (which grew over 30% YoY).
- Building Digital Capabilities: The digital portfolio grew 39% YoY, with significant investment in Cloud, Cybersecurity, IoT, and CPaaS. Airtel Finance’s monthly loan disbursement run-rate crossed over Rs.500 crores.
- War on Waste: Cost optimization efforts continue, with site running costs declining by over 6% in the last four years.
Bharti Hexacom Standalone Update
For Bharti Hexacom specifically, revenues grew 1.8% sequentially to about Rs.2,360 crores. EBITDAaL was over Rs. 1,120 crores, yielding a margin of 47.6%. Mobile customer base stood at 28.4 million, with ARPU at Rs.253.
The homes business showed robust growth, recording 73,000 net adds (sequential quarterly high). The company aims for a potential FWA penetration of 30% to 35% of households in its two operational circles, driven by a strong FWA expansion strategy.
Source: BSE
