Bharti Hexacom (BHARTIHEXA) Q2 25/26 earnings summary

Executive summary

• Delivered another quarter of consistent performance with consolidated revenues of INR 52,000 crore and strong operational execution across segments.

• Revenue from operations for Q2 FY26 was ₹23,173 million, up 10.5% year-over-year and 2.4% sequentially.

• Net profit for Q2 FY26 stood at ₹4,212 million, a 66.5% increase year-over-year and 7.6% sequentially.

• Focused on premiumization, digital innovation, and disciplined capital allocation to drive growth and future-proof the business.

• Significant progress on ESG initiatives, including solarizing over 2,900 sites and leveraging AI for energy optimization.

Financial highlights

• Consolidated revenues at INR 52,000 crore for the quarter; annualized run rate exceeds INR 200,000 crore.

• EBITDA for Q2 FY26 was ₹12,693 million, up from ₹10,510 million in Q2 FY25.

• Operating free cash flow at INR 10,750 crore; CapEx for the quarter at INR 7,200 crore.

• Operating margin for Q2 FY26 was 28.2%, up from 22.2% in Q2 FY25.

• Net profit margin for Q2 FY26 was 18.2%, compared to 12.1% in Q2 FY25.

Outlook and guidance

• Continued investment in digital networks, broadband, and data centers to capture growth opportunities.

• Home broadband market expected to double to 100 million connected homes in the medium term.

• CapEx on homes and 5G built into guidance; data center investments may see a moderate increase.

• Management and auditors confirm the company is a going concern with no material uncertainties disclosed.