{"id":179776,"date":"2026-02-06T04:43:10","date_gmt":"2026-02-06T09:43:10","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=179776"},"modified":"2026-02-06T04:43:10","modified_gmt":"2026-02-06T09:43:10","slug":"bharti-hexacom-expands-margins-as-revenue-rises-4-8-in-q3-fy26","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/bharti-hexacom-expands-margins-as-revenue-rises-4-8-in-q3-fy26\/","title":{"rendered":"Bharti Hexacom Expands Margins as Revenue Rises 4.8% in Q3 FY26"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Executive Summary<\/strong><\/h2>\n\n\n\n<p>Bharti Hexacom Limited delivered a steady revenue performance and a stronger improvement in profitability during the third quarter of FY26, benefiting from higher data consumption, expanding customer base, and rapid growth in non-mobile services. Revenue for the quarter ended December 31, 2025, stood at \u20b92,360 crore, reflecting a 4.8% year-on-year increase and 1.8% sequential growth.<\/p>\n\n\n\n<p>Earnings growth outpaced revenue expansion, supported by operating leverage and cost efficiencies. Margins expanded meaningfully, while net income recorded double-digit growth, reinforcing the company\u2019s improving earnings trajectory.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Financial Performance<\/strong><\/h2>\n\n\n\n<p>Total revenue reached \u20b92,360 crore in Q3 FY26. EBITDA rose 7.4% year on year to \u20b91,282 crore, with the EBITDA margin improving by 128 basis points to 54.3%. EBITDA after lease increased 7.9% to \u20b91,124 crore during the quarter.<\/p>\n\n\n\n<p>Earnings before interest and tax climbed 8.0% year on year to \u20b9715 crore. Net income before exceptional items grew 18.8% to \u20b9432 crore, while reported net income after exceptional items stood at \u20b9474 crore, reflecting a strong year-on-year improvement in profitability.<\/p>\n\n\n\n<p>Capital expenditure for the quarter was \u20b9340 crore, focused on network capacity enhancement and coverage expansion. The balance sheet remained healthy, with net debt to annualised EBITDA after lease at 0.48x.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Business Segment Performance<\/strong><\/h2>\n\n\n\n<p>The mobile services segment continued to post stable growth. Mobile revenue increased 3.6% year on year, supported by higher data usage and an expanding smartphone customer base. Average revenue per user improved to \u20b9253, while data consumption per customer rose nearly 30% compared to the same period last year.<\/p>\n\n\n\n<p>Total customers increased to 29.04 million, representing a 3.7% year-on-year rise and 1.5% sequential growth, indicating sustained momentum in subscriber additions.<\/p>\n\n\n\n<p>Homes, Office and Other Services remained the fastest-growing segment, with revenue surging 50.8% year on year. Customer additions in this segment reached 73,000 over the past year, expanding the service footprint to 117 cities and strengthening the company\u2019s diversified revenue base.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Network Investments and Outlook<\/strong><\/h2>\n\n\n\n<p>Network expansion remained a priority, with 237 towers added over the past 12 months to support growing data demand and service quality improvements. Continued investments in infrastructure, combined with rising ARPU and rapid scaling of fixed and enterprise services, are expected to support earnings momentum.<\/p>\n\n\n\n<p>However, competitive intensity in the telecom market and ongoing capital requirements remain key factors influencing performance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue grew 4.8% year-on-year, with stronger expansion in profitability and margins.<\/li>\n\n\n\n<li>EBITDA margin improved to 54.3%, highlighting operating leverage.<\/li>\n\n\n\n<li>Homes and Office services delivered sharp growth, strengthening revenue diversification. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Executive Summary Bharti Hexacom Limited delivered a steady revenue performance and a stronger improvement in profitability during the third quarter of FY26, benefiting from higher data consumption, expanding customer base, and rapid growth in non-mobile services. Revenue for the quarter ended December 31, 2025, stood at \u20b92,360 crore, reflecting a 4.8% year-on-year increase and 1.8% [&hellip;]<\/p>\n","protected":false},"author":2395,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,1941],"tags":[9866],"class_list":["post-179776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology-stocks","category-stock-analysis","tag-telecommunication"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":179772,"url":"https:\/\/alphastreet.com\/india\/bharti-hexacom-q3-fy26-earnings-results\/","url_meta":{"origin":179776,"position":0},"title":"Bharti Hexacom Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"February 6, 2026","format":false,"excerpt":"Bharti Hexacom Ltd delivered impressive Q3 FY26 results with profit growth far outpacing modest revenue gains in Rajasthan and Northeast circles. Expense control drove exceptional bottom-line expansion. Executive Summary Bharti Hexacom Ltd reported consolidated revenues of \u20b92,360 crore for Q3 FY26, up 4.84% YoY from \u20b92,251 crore. Net profit jumped\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/HE.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/HE.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/HE.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/HE.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/HE.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/HE.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170904,"url":"https:\/\/alphastreet.com\/india\/bharti-hexacom-q1-fy26-earnings-results\/","url_meta":{"origin":179776,"position":1},"title":"Bharti Hexacom Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"September 3, 2025","format":false,"excerpt":"Bharti Hexacom Ltd, incorporated in 1995, provides consumer mobile services, fixed-line telephone, and broadband services primarily in Rajasthan and Northeast telecom circles. Presenting below its Q1 FY26 Earnings Results. Q1 FY26 Earnings Results Revenue: \u20b92,263 crore, up 18.44% year-on-year (YoY) from \u20b91,911 crore. Total Expenses: Expenses details not separately stated\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"BHARTIHEXA Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BHARTIHE.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BHARTIHE.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BHARTIHE.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BHARTIHE.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BHARTIHE.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BHARTIHE.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":172080,"url":"https:\/\/alphastreet.com\/india\/bharti-hexacom-q2-fy26-earnings-results\/","url_meta":{"origin":179776,"position":2},"title":"Bharti Hexacom\u00a0Q2 FY26 Earnings Results","author":"Divyansh_Kasana","date":"November 4, 2025","format":false,"excerpt":"Bharti Hexacom Ltd, a key telecom service provider in Rajasthan and Northeast India and a Bharti Airtel subsidiary, reported robust Q2 FY26 results marked by significant profit and revenue growth. Financial Highlights: Revenues increased 10.44% year on year to \u20b92,317 crore from \u20b92,098 crore. Total expenses rose marginally by 0.39%\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Q2 FY26","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BHR.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BHR.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BHR.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BHR.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BHR.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BHR.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179759,"url":"https:\/\/alphastreet.com\/india\/bharti-airtel-q3-fy26-earnings-results\/","url_meta":{"origin":179776,"position":3},"title":"Bharti Airtel Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"February 6, 2026","format":false,"excerpt":"Bharti Airtel Ltd reported consolidated financial results for Q3 FY26 ended 31 December 2025. Key figures show revenue growth offset by a sharp profit decline. Executive Summary Bharti Airtel Ltd's Q3 FY26 revenues reached \u20b953,982 crore, up 19.62% YoY from \u20b945,129 crore. Consolidated net profit fell 47.3% YoY to \u20b98,503\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":165954,"url":"https:\/\/alphastreet.com\/india\/bharti-hexacom-ltd-q2fy25-46-fall-in-profits\/","url_meta":{"origin":179776,"position":4},"title":"Bharti Hexacom Ltd Q2FY25; 46% fall in Profits","author":"Divyansh_Kasana","date":"December 6, 2024","format":false,"excerpt":"Incorporated in 1995, Bharti Hexacom Limited provides fixed-line telephone and broadband services to customers in Rajasthan and North East telecom circles. Financial Results: Bharti Hexacom Ltd reported Revenues for Q2FY25 of \u20b94,394.00 Crores up from \u20b94,130.00 Crore year on year, a rise of 6.39%. Total Expenses for Q2FY25 of \u20b93,926.00\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/12\/JJ.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/12\/JJ.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/12\/JJ.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/12\/JJ.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/12\/JJ.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/12\/JJ.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":168855,"url":"https:\/\/alphastreet.com\/india\/bharti-hexacom-ltd-q4fy25-503-rise-in-profits\/","url_meta":{"origin":179776,"position":5},"title":"Bharti Hexacom Ltd Q4FY25; 503% rise in Profits","author":"Divyansh_Kasana","date":"June 23, 2025","format":false,"excerpt":"IIncorporated in 1995, Bharti Hexacom Ltd provides consumer mobile services, fixed- line telephone and broadband services in Rajasthan and Northeast telecom circles Financial Results: Bharti Hexacom Ltd reported Revenues for Q4FY25 of \u20b947,876.00 Crores up from \u20b937,599.00 Crore year on year, a rise of 27.33%. Total Expenses for Q4FY25 of\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/L-12.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/L-12.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/L-12.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/L-12.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/L-12.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/06\/L-12.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/179776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=179776"}],"version-history":[{"count":2,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/179776\/revisions"}],"predecessor-version":[{"id":179778,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/179776\/revisions\/179778"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=179776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=179776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=179776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}