Bharti Hexacom reported a 9.4% revenue growth for FY26, reaching ₹9,353.8 crore. The company also saw a significant 80% increase in its recommended final dividend to ₹18 per share, signaling strong financial performance and shareholder confidence.
Bharti Hexacom Reports Strong FY26 Performance with 9.4% Revenue Growth
9,353.8 crore Revenue | 4,456.3 crore EBITDAaL Reader Takeaway: Robust revenue and margin growth, alongside a substantial dividend increase, are positives. Competition remains a key watch point. ## What just happened Bharti Hexacom Limited has announced its annual report for the fiscal year 2025-26. The company posted a revenue of ₹9,353.8 crore, an increase of 9.4% compared to the previous fiscal year. Earnings Before Interest, Taxes, Depreciation, Amortization and before lease liabilities (EBITDAaL) grew by 17.9% to ₹4,456.3 crore. Profit before tax saw a significant rise of 25.3% to ₹2,266.1 crore, and Earnings Per Share (EPS) improved by 16.0% to ₹34.66. ## Why this matters The strong financial results, particularly the revenue growth driven by customer quality focus and improved Average Revenue Per User (ARPU) to ₹252, demonstrate the company's operational efficiency and strategic execution. The substantial 80% increase in the recommended final dividend to ₹18 per share underscores management's confidence in sustained cash flows and commitment to rewarding shareholders. ## The backstory Bharti Hexacom, a telecommunications services provider, has been focusing on enhancing customer value and network infrastructure. The company's performance in FY26 builds on its strategy of portfolio premiumization and delivering a superior customer experience. ## What changes now With these results, Bharti Hexacom signals a positive trajectory. The recommended dividend increase is a direct benefit to shareholders. The company's strategic outlook includes expanding its 5G footprint, improving rural connectivity, and exploring new growth avenues like IPTV services. ## Risks to watch Key challenges identified include intense market competition, potential pricing pressures, evolving regulatory landscapes, and the possibility of supply chain disruptions. These factors will require continuous monitoring and strategic adaptation. ## Peer comparison Bharti Hexacom operates in a competitive telecom market. Its performance in revenue growth and margin improvement will be compared against peers like Vodafone Idea and Reliance Jio, which are also investing heavily in network expansion and 5G services. ## Context metrics (time-bound) * Revenue: ₹9,353.8 crore in FY 2025-26 (up 9.4% from ₹8,547.9 crore in FY 2024-25). * EBITDAaL: ₹4,456.3 crore in FY 2025-26 (up 17.9% from ₹3,778.9 crore in FY 2024-25). * EBITDA Margin: Improved to 54.2% from 51.1%. * EBITDAaL Margin: Rose to 47.6% from 44.2%. * Final Dividend Recommended: ₹18 per share (up 80% YoY). * Network Towers: 26,742 as of March 31, 2026. ## What to track next Investors will be keen to observe the company's progress in its 5G rollout and rural connectivity initiatives. The success of new ventures like IPTV and the company's ability to navigate competitive pressures will be crucial for future growth.
