Bharti Hexacom reports strong Q2 performance with revenue growth

Bharti Hexacom reported revenues of INR 2,317 Crores for Q2 2025, marking a sequential growth of approximately 2.4%. The EBITDAaL for the quarter stood at INR 1,098 Crores, with a margin of 47.5%. The revenue-earning customer base reached 28 million, though it experienced a marginal sequential dip attributed to pronounced seasonality. Smartphone customer additions were 193,000. ARPU for the quarter was INR 251, benefiting from one additional day.

The company achieved its highest-ever quarterly net customer addition of 60,000 in Q2 for its homes business, which continues to show sustained momentum. Operating free cash generation (EBITDAaL minus capex) was strong at INR 730 Crores. Bharti Hexacom maintains a robust balance sheet, with net debt excluding leases at INR 2,814 Crores and net debt excluding FLO versus EBITDAaL at approximately 0.6%. The company's management acknowledged seasonality impacts, particularly from migratory populations and heavy rains in Rajasthan, which affected public services.