Bharti Hexacom Limited (BHARTIHEXA) — Financial Results | 20 May 2026

Bharti Hexacom reported FY2026 consolidated revenue of Rs.2,11,000 Crores, up 2.6% sequentially in Q4 to Rs.55,400 Crores, with EBITDAaL margin expanding to 51.2% and net debt to EBITDAaL at 1.1. The board proposed a dividend of Rs.24 per share, up from Rs.16 previously, while capex for FY2026 (India, excluding passive) stood at Rs.31,000 Crores. India mobile customer base grew by 4.7 million in Q4, including 5.8 million smartphone additions, with ARPU rising to Rs.257 (+Rs.3 sequentially). Strategic focus areas include 5G densification, cloud expansion with 25 initial deals, and 56 planned edge data centers over 18-24 months. Africa contributes 29% of total revenues, with ownership targets set to increase from 78% to 90% through buybacks. Capital allocation prioritizes core wireless infrastructure, fiber rollout (8 million km deployed), and disciplined financial services investment (Rs.20,000 Crores over five years, with Rs.14,000 Crores from Airtel), while maintaining a progressive dividend policy targeting >40% payout of free cash flow. The company emphasized AI-driven efficiency gains, including 10x GPU improvements and 14 billion spam calls blocked in Q4, alongside stable ARPU trends despite market saturation.