Bharti Hexacom Reports Strong Q3 FY26 Growth with Rising ARPU and Margin Expansion

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6, Feb 2026
Bharti Hexacom Reports Strong Q3 FY26 Growth with Rising ARPU and Margin Expansion

Gurugram, India, Feb 06: Bharti Hexacom Limited today announced its audited financial results for the third quarter ended December 31, 2025, reporting steady revenue growth, margin expansion, and continued momentum across its mobile and home broadband segments.

Q3 FY26 Key Highlights:

  • Overall customer base: 29.04 million

  • Total revenues: Up 4.8% YoY

  • EBITDA: Up 7.4% YoY; EBITDA margin at 54.3%, expansion of 128 bps YoY

  • EBITDAaL: Up 7.9% YoY; margin at 47.6%, up 136 bps YoY

  • EBIT: Up 8.0% YoY; EBIT margin at 30.3%

  • Net Income (before exceptional items): Up from the same quarter last year

  • Net Income (after exceptional items): Strong YoY growth

  • Capex: Continued investments during the quarter

Operational Performance

Revenues for Q3 FY26 reflected 4.8% YoY growth and 1.8% sequential growth. Mobile revenues grew 3.6% YoY, driven by portfolio premiumisation and a focus on high-quality customers.

ARPU increased to 253, up from 241 in Q3 FY25, supported by rising data usage. Mobile data traffic for the quarter reached 2,022 petabytes, registering a 29.8% YoY increase.

The Company added 1.5 million smartphone data customers over the last 12 months, representing 7.1% YoY growth, while continuing to strengthen network infrastructure with the deployment of 237 new towers during the year.

Homes and Enterprise Services

The Homes, Office and Other Services segment delivered robust performance, recording 50.8% YoY revenue growth, driven by strong customer additions across FTTH and FWA services. The customer base for this segment reached 0.6 million across 117 cities.

Profitability and Balance Sheet

EBITDA and EBIT continued to show strong YoY growth, supported by operating leverage and disciplined cost management. Net Income (before exceptional items) recorded a double-digit YoY increase.

The Company maintained a healthy balance sheet, with Net Debt to EBITDA (annualised) at 1.10x as of December 31, 2025. Net Debt (excluding lease obligations) to EBITDAaL (annualised) improved to 0.48x, compared to 1.03x a year earlier.

Bharti Hexacom’s Q3 FY26 performance reflects disciplined execution, sustained customer growth, and a continued focus on enhancing network quality and digital connectivity across its markets.