Bharti Hexacom (BHARTIHEXA) Q4 24/25 earnings summary

Executive summary

• Delivered strong FY2025 results with consolidated revenues of INR 1,073,000 crore, supported by steadying Naira at year-end and robust demand in the telecom sector.

• EBITDA after FLO and lease obligations grew 21.2% year-over-year, with margin improvement of 2.3%.

• Net profit for the year was ₹14,936 million, a significant increase from ₹5,044 million in the previous year.

• Strategic focus on ESG, digital transformation, and operational excellence, including AI/ML for energy efficiency and network optimization.

• Significant progress in 5G expansion, broadband, and digital services, with continued market share gains across all circles.

Financial highlights

• Q4 consolidated revenues at INR 47,876 crore, impacted by B2B segment decline due to focus on quality revenues.

• EBITDA for the year was ₹43,790 million, up from ₹36,099 million year-over-year.

• Net cash generated from operating activities was ₹45,826 million, up from ₹35,461 million last year.

• ARPU at INR 245 (flat sequentially), adjusted to INR 248 on equal day basis.

• Net income for Bharti Hexacom Q4 at INR 468 crore; EBITDA margin at 46.6%.

Outlook and guidance

• FY2026 CapEx expected to be lower than FY2025, with rural rollout substantially slowing down.

• The company has fully prepaid all deferred liabilities for spectrum acquired in the 2024 auction.

• Continued focus on deleveraging, prudent capital allocation, and stepping up dividends.

• Ongoing investments in digital, cloud, cybersecurity, and data centers to drive future growth.

• Tariff repair and restructuring seen as essential for industry health and future investments.