Transcript of the Earnings Call dated May 14, 2026.
BHARTIHEXA · price
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Bharti Hexacom, a subsidiary of Bharti Airtel, held its Q4 FY2026 earnings call covering consolidated performance. The company reported lifetime high consolidated revenue of Rs.2,11,000 Crores with EBITDAaL margin of 51.2%. India business excluding passive delivered Rs.72,500 Crores EBITDAaL, growing 18% with 51.7% margin. Q4 India revenues came in at Rs.36,100 Crores with EBITDAaL margins at 52%, up 20 basis points. Key highlights include Airtel Money receiving RBI approval to operate as an NBFC, monthly loan disbursements now over Rs.550 Crores, and Airtel Payments Bank reaching 120 million monthly transacting users with annualized revenue run rate of Rs.3,400 Crores. The Board approved a 50% increase in dividend to Rs.24 per share. Management discussed plans to accelerate ARPU growth through postpaid penetration and pricing architecture changes, while also expanding into adjacencies like data centers, financial services, and cloud.
Bharti Hexacom continues to deliver strong operational performance with improving margins and cash flows. The stock should benefit from the 50% dividend increase, NBFC approval for financial services expansion, and clear capital allocation priorities balancing core business investment with shareholder returns.