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Bharti Hexacom Q2 FY27 results: net profit up 34.4% to ₹566.10 crore, revenue up 11.4%
Bharti Hexacom Limited reported standalone revenue of ₹2,582 crore in Q2 FY27, up 11.4% from ₹2,317 crore in Q2 FY26. EBITDA rose 14.0% to ₹1,377 crore, while net profit increased 34.4% to ₹566.10 crore and basic EPS was ₹11.32.
Key points
- Revenue was ₹2,582 crore in Q2 FY27, up 11.4% from ₹2,317 crore in Q2 FY26 and 2.9% from ₹2,510 crore in Q1 FY27.
- EBITDA was ₹1,377 crore, up 14.0% year on year, with the margin at 53.3% versus 52.1% in Q2 FY26.
- Net profit was ₹566.10 crore, up 34.4% from ₹421.20 crore in Q2 FY26 and 17.4% from ₹482.40 crore in Q1 FY27.
- Basic EPS was ₹11.32, compared with ₹8.42 in Q2 FY26 and ₹9.65 in Q1 FY27.
- For H1 FY27, revenue was ₹5,091.7 crore, total income was ₹5,227.7 crore and net profit was ₹1,048.5 crore.
How did Bharti Hexacom perform in Q2 FY27?
Bharti Hexacom reported standalone revenue of ₹2,582 crore for Q2 FY27, compared with ₹2,317 crore in Q2 FY26 and ₹2,510 crore in Q1 FY27. EBITDA was ₹1,377 crore, with a margin of 53.3%, against 52.1% a year earlier and 52.7% in the previous quarter. Profit before tax rose to ₹701.10 crore from ₹564.10 crore in Q2 FY26 and ₹653 crore in Q1 FY27.
Net profit for the quarter was ₹566.10 crore, up from ₹421.20 crore in Q2 FY26 and ₹482.40 crore in Q1 FY27. Basic EPS was ₹11.32, compared with ₹8.42 in the year-ago quarter and ₹9.65 in the previous quarter. The reported results were audited standalone figures under Ind AS; the filing did not present consolidated figures for the quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 2,582 | 2,510 | 2,317 | +11.4% | +2.9% |
| Other income | 63.90 | 72.10 | 61.20 | +4.4% | −11.4% |
| Total expenses | 1,945 | 1,929 | 1,814 | +7.2% | +0.8% |
| EBITDA | 1,377 | 1,322 | 1,208 | +14.0% | +4.2% |
| EBITDA margin | 53.3% | 52.7% | 52.1% | +1.2 pp | +0.6 pp |
| Profit before tax | 701.10 | 653 | 564.10 | +24.3% | +7.4% |
| Tax | 135 | 170.60 | 142.90 | −5.5% | −20.9% |
| Net profit | 566.10 | 482.40 | 421.20 | +34.4% | +17.4% |
| EPS (₹) | 11.32 | 9.65 | 8.42 | +34.4% | +17.3% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Bharti Hexacom's costs and profit?
Total expenses increased to ₹1,945 crore in Q2 FY27 from ₹1,814 crore in Q2 FY26, a rise of 7.2%. Other expenses were higher by ₹95 crore, depreciation by ₹46 crore and employee cost by ₹0.50 crore, while finance costs fell by ₹11.30 crore to ₹139.60 crore. The quarter recorded no exceptional item, unlike the ₹337 crore exceptional item shown for H1 FY26.
Other income rose to ₹63.90 crore from ₹61.20 crore in Q2 FY26, an increase of 4.4%. Profit before tax rose by ₹137 crore to ₹701.10 crore, while tax expense fell by ₹7.90 crore to ₹135 crore from ₹142.90 crore. These figures show the changes in reported profit; the filing excerpt did not state reasons for the movements.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 32.50 | 32 | +0.50 | +1.6% |
| Finance costs | 139.60 | 150.90 | −11.30 | −7.5% |
| Depreciation | 600.30 | 554.30 | +46 | +8.3% |
| Other expenses | 1,172 | 1,077 | +95 | +8.8% |
| Total expenses | 1,945 | 1,814 | +130.20 | +7.2% |
| Other income | 63.90 | 61.20 | +2.70 | +4.4% |
| Tax | 135 | 142.90 | −7.90 | −5.5% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, Bharti Hexacom reported revenue of ₹5,091.7 crore, up 11.2% from ₹4,580.3 crore in H1 FY26. Total income rose 11.5% to ₹5,227.7 crore from ₹4,689.0 crore, while profit before tax increased 24.1% to ₹1,354.1 crore from ₹1,090.9 crore.
Net profit for the first half was ₹1,048.5 crore, compared with ₹812.8 crore in H1 FY26, an increase of 29.0%. Basic EPS rose to ₹20.97 from ₹16.25. The filing reported no exceptional item in H1 FY27, against a ₹337 crore exceptional item shown for H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 5,092 | 4,580 | +11.2% |
| Profit before tax | 1,354 | 1,091 | +24.1% |
| Net profit | 1,048 | 812.80 | +29.0% |
| EPS (₹) | 20.97 | 16.25 | +29.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹19,110 crore, compared with ₹19,050.6 crore at 31 March 2026. Total equity was ₹7,313.3 crore against ₹7,165.2 crore, and borrowings were ₹2,652.1 crore against ₹2,694.3 crore. Cash and cash equivalents were ₹7.5 crore, compared with ₹33.0 crore, while other bank balances were ₹2,743 crore against ₹276 crore.
For H1 FY27, cash flow from operating activities was ₹2,724 crore, compared with ₹2,471.2 crore in H1 FY26. Investing cash flow was negative ₹1,441.7 crore against negative ₹922.6 crore, financing cash flow was negative ₹1,307.8 crore against negative ₹1,544.5 crore, and capital expenditure was ₹1,005.6 crore against ₹668.5 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 19,110 | 19,051 |
| Total equity | 7,313 | 7,165 |
| Borrowings | 2,652 | 2,694 |
| Cash and equivalents | 7.50 | 33 |
| Inventories | 0 | 0 |
| Trade receivables | 130.70 | 108.40 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 2,724 | 2,471 |
| Cash from investing | −1,442 | −922.60 |
| Cash from financing | −1,308 | −1,544 |
| Capital expenditure | 1,006 | 668.50 |
Source: Company's results filing (XBRL).
How has Bharti Hexacom done over the last 8 quarters?
Revenue rose year on year in each of the last seven quarters. Across the reported period, quarterly revenue increased from ₹2,250.7 crore in Q3 FY25 to ₹2,581.8 crore in Q2 FY27, and net profit rose from ₹260.9 crore to ₹566.10 crore. Q2 FY27 was the highest of the reported quarters for revenue and profit.
EBITDA margin moved from 51.2% in Q3 FY25 to 53.3% in Q2 FY27, with the lowest reported margin at 51.0% in Q4 FY25. The margin increased from 52.7% in Q1 FY27 to 53.3% in Q2 FY27. Net profit has risen year on year in each of the last two quarters.
Which businesses drove the quarter?
Mobile Services revenue was ₹2,461 crore in Q2 FY27, compared with ₹2,238.5 crore in Q2 FY26, an increase of 9.9%. Segment EBIT was ₹816.2 crore, up from ₹700.6 crore, with an EBIT margin of 33.2%.
Homes, Office and Other Services revenue was ₹131.2 crore, up 49.1% from ₹88.0 crore in Q2 FY26. Segment EBIT was ₹0.1 crore, compared with ₹1.4 crore in the year-ago quarter, and the EBIT margin was 0.1%. Inter-segment eliminations were reported at no revenue and no EBIT in Q2 FY27.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| - Mobile Services | 2,461 | +9.9% | 816.20 | 33.2% |
| - Homes, Office and Other Services | 131.20 | +49.1% | 0.10 | 0.1% |
| - Inter-segment eliminations | 0 | 0 |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
The Board approved the audited standalone Q2 FY27 and H1 FY27 results on 5 November 2026, following review by the Audit Committee. The filing did not report a dividend, fund raise or capital-raising exercise. It also stated that the trading window for dealing in the company’s securities was closed from 1 October 2026 to 7 November 2026.
Bharti Hexacom also approved management and board changes on 5 November 2026. Amit Wadhwa was appointed Chief Executive Officer and Key Managerial Personnel with effect from 6 November 2026, replacing Marut Dilawari, who moved to a new role within the Group. Akhil Garg was appointed an Additional Non-Executive Director with effect from 6 November 2026, replacing Soumen Ray; Garg’s appointment was subject to shareholder approval.
Quick answers
What was Bharti Hexacom's revenue in Q2 FY27?
Revenue from operations was ₹2,582 crore, up 11.4% from ₹2,317 crore in Q2 FY26 (standalone).
Did Bharti Hexacom make a profit in Q2 FY27?
Yes. Net profit was ₹566.10 crore, against a net profit of ₹421.20 crore in Q2 FY26.
What was Bharti Hexacom's EPS in Q2 FY27?
Basic earnings per share were ₹11.32, against ₹8.42 in Q2 FY26.
When did Bharti Hexacom announce its Q2 FY27 results?
On 5 November 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Approval Of The Audited Financial Results Of The Company For The Second Quarter And Half Year Ended September 30, 2026 (BSE, 26 October 2026) · PDF
- Outcome of Board Meeting (NSE, 5 November 2026) · PDF
- Updates (NSE, 5 November 2026) · PDF
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