Bharti Hexacom Ltd — earnings calls

Bharti Airtel reported consolidated revenue of Rs.58,500 crores, up 5.7% sequentially, with EBITDAaL of Rs.29,800 crores at a 51% margin, while Bharti Hexacom reported revenue of Rs.2,510 crores, up 4% sequentially, with EBITDAaL of Rs.1,210 crores at a 48.2% margin. Management discussed a moderation in home broadband net additions tied to a deliberate tightening of FWA acquisition quality and rising chipset/memory prices, alongside continued investment in data centers, Airtel Cloud, and financial services including a newly launched NBFC lending business. Africa was highlighted as a long-term growth engine following a share swap that raised Airtel's stake to over 79%, with Airtel Money preparing for a London listing in the second half of 2026.

Bharti Airtel reported consolidated FY2026 revenue of about Rs.2,11,000 Crores and EBITDAaL of about Rs.1,08,000 Crores with a 51.2% margin, while Bharti Hexacom reported FY2026 revenue and EBITDAaL growth of 9.4% and 17.9% respectively. Management discussed new growth bets in data centers, financial services and cloud, a share swap transaction to raise Airtel's stake in Airtel Africa by 16.3%, and highlighted mobile ARPU growth that fell short of their own expectations. Both companies' boards recommended higher dividends per share compared to the prior year, and management answered analyst questions on capital allocation, ARPU trajectory, capex plans and the Bharti Hexacom-Airtel growth comparison.