Bharti Hexacom Limited provides mobile services, fixed-line telephone, and broadband services to end consumers and business customers under the Airtel brand in India. The company operates through Mobile Services and Home and Office Services segments. Incorporated in 1995, Bharti Hexacom Ltd provides consumer mobile services, fixed-line telephone and broadband services in Rajasthan and Northeast telecom circles of India.
The company was incorporated in 1995 and is based in New Delhi, India. Bharti Hexacom Limited is a subsidiary of Bharti Airtel Limited. The company was formerly known as Hexacom India Limited and changed its name to Bharti Hexacom Limited in December 2004.
BHL is the 2nd-largest wireless mobile operator in these two circles, with a market share of 37.6% by subscribers in May 2024 and maintains a strong competitive position in its operational territories. Bharti Hexacom is a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the North East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura.
The company's service portfolio spans multiple segments. The Mobile Services segment provides voice and data telecom services through wireless technology comprising 2G, 4G, and 5G networks; and offers intra city fibre networks. Its Home and Office Services segment offers voice and data communications through fixed-line network and broadband technology for homes and offices. It offers messaging, and interconnection/roaming services, as well as other added value services. In addition, the company offers Airtel Black, a solution for households that combines mobility, broadband, fixed line, and digital TV services.
Bharti Hexacom delivered exceptional financial results for Q4 FY2025. Bharti Hexacom Ltd's net profit jumped 110.42% since last year same period to ₹468.40Cr in the Q4 2024-2025. Bharti Hexacom Ltd's revenue jumped 21.92% since last year same period to ₹2,336.80Cr in the Q4 2024-2025. Bharti Hexacom Ltd's net profit margin jumped 72.59% since last year same period to 20.04% in the Q4 2024-2025.
For the year ended March 31, 2025, Bharti Hexacom posted an almost threefold jump in PAT to Rs 1,493.6 crore from Rs 504 crore in FY'24. Revenue from operations of Bharti Hexacom grew by 20.5 per cent to Rs 8,548 crore in FY25 from Rs 7,089 crore in FY24. Telecom operator Bharti Hexacom on Tuesday reported over twofold jump in profit after tax to Rs 468.4 crore in the fourth quarter ended March 31, 2025, mainly driven by tariff hikes.
- **Revenue (FY2025):** ₹8,548 crore
- **Net Profit (FY2025):** ₹1,493.6 crore
- **Q4 FY2025 Revenue:** ₹2,336.80 crore
- **Q4 FY2025 Net Profit:** ₹468.40 crore
- **Net Profit Margin Q4 FY2025:** 20.04%
Bharti Hexacom Ltd has a market capitalisation of ₹ 91,633 Cr as on 30-May-2025. As per Value Research classification, it is a Large Cap company. The company trades at premium valuations reflecting its growth prospects and market position. The P/B ratio of Bharti Hexacom Ltd is 15.45 times as on 30-May-2025, a 245% premium to its peers' median range of 4.48 times. The P/E ratio of Bharti Hexacom Ltd is 61.35 times as on 30-May-2025, a 106% premium to its peers' median range of 29.83 times.
Bharti Hexacom Ltd has given a return of 79.54% in the last 1 years. The stock hit a record high of Rs 2023.05 on 27 Jun 2025. The stock has demonstrated strong momentum, with consistent growth over multiple timeframes reflecting investor confidence in the company's strategic direction and operational performance.
Promoter holding in Bharti Hexacom Ltd has gone up to 70.00 per cent as of Mar 2025 from 70.00 per cent as of Jun 2024. The stable promoter holding demonstrates the confidence of the parent company, Bharti Airtel, in the subsidiary's growth prospects and strategic value.
The company has been focusing on network expansion and service enhancement to strengthen its market position. The brokerage projects Bharti Hexacom's net debt (excluding leases) will be zero by FY27 and expects dividends to rise from Rs 10 per share in FY25 to Rs 30 in FY27. ARPU (Average Revenue Per User) is estimated to increase from Rs 242 in FY25 to Rs 284 by FY27, driven by a likely tariff hike in December 2025.
Despite strong operational performance, analysts have noted certain challenges. Despite strong execution and premiumisation, the firm flagged concerns over Bharti Hexacom's limited geographic spread, which could cap growth. The government's 15% stake remains an overhang, especially with no board representation and past objections around the Indus Towers deal.
It sells its products through online sales and recharge touchpoints; retail stores; and distribution partners. This multi-channel approach enables the company to reach customers across different segments and geographical locations within its operational circles.
The company continues to focus on digital transformation and customer experience enhancement while maintaining its strong market position in the Rajasthan and Northeast circles, positioning itself for sustained growth in India's evolving telecommunications landscape.
