Bharti Hexacom shares surged by 7.7% on Thursday, reaching an intraday high of ₹1,412.95 on the BSE, following the release of its Q3 results after market hours.
By 11:24 AM, Bharti Hexacom shares were up by 6.02%, trading at ₹1,390.1 on the BSE. In comparison, the BSE Sensex was up 0.19% at 78,203.18. The company’s market capitalisation stood at ₹69,505 crore. The stock’s 52-week high was ₹1,606.2, while the 52-week low was ₹755.2.
Bharti Hexacom’s profit after tax (PAT) increased by 23% year-on-year (YoY) to ₹260.9 crore, up from ₹212.7 crore last year. Revenue for the quarter was ₹2,250.7 crore, a 25% increase from ₹1,800.6 crore in the same quarter last year. The company’s EBITDA rose to ₹1,194 crore, compared to ₹862 crore in the previous year. The EBITDA margin stood at 53%, up from 47.9% a year ago.
Mobile revenues grew by 25.5% YoY, driven by tariff adjustments and a focus on premiumising its service portfolio. Bharti Hexacom achieved industry-leading average revenue per user (ARPU) growth, reaching ₹241, compared to ₹200 last year.
During the quarter, the company rolled out 163 network towers and 433 mobile broadband base stations. Its homes and office business grew by 18.7% YoY, reflecting the success of its fixed wireless access (FWA) expansion strategy, which resulted in 0.4 million new net additions.
Bharti Hexacom, offering mobile, fixed-line telephone, and broadband services under the ‘Airtel’ brand, is a global communication solutions provider with over 550 million customers across India and Africa.
In the past year, Bharti Hexacom shares have gained significantly, outperforming the Sensex, which rose by 8.4%.
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Published on: Feb 7, 2025, 2:03 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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