Bharti Hexacom (BHARTIHEXA) investor relations material

Executive summary

• Consolidated revenue reached INR 58,500 crore, up 5.7% sequentially, with strong growth in both India and Africa.

• Total revenues for Q1 FY27 reached Rs 25,099 Mn, up 10.9% year-over-year and 4.0% sequentially from Q4 FY26.

• EBITDA grew 4.2% sequentially to INR 29,800 crore, with a margin of 51%.

• Africa contributed nearly half of consolidated revenue growth over the past year, with a 20%+ constant currency CAGR in revenue and 24%+ in EBITDA over five years.

• India business saw robust customer additions in mobile, postpaid, and home broadband, with ARPU at INR 264.

Financial highlights

• EBITDA for Q1 FY27 was Rs 13,749 Mn, up 13% YoY, with margin expanding to 54.8%.

• Operating free cash flow (EBITDA minus CapEx) exceeded INR 16,450 crore.

• CapEx for the quarter was INR 13,390 crore, focused on network densification and digital infrastructure.

• Net debt to EBITDA improved to 0.7; India (ex-passive infra) below 1.

• Net debt reduced to Rs 43,925 Mn (down 30% YoY); net debt excluding lease obligations at Rs 9,604 Mn (down 66% YoY).

Outlook and guidance

• Continued investment in Africa, homes, B2B, 5G, Airtel Money, and data centers.

• Ambition to build 1 GW of data center capacity in the next few years, with strong contract pipeline.

• Focus on ARPU growth through premiumization, postpaid expansion, and improved pricing architecture.

• Ongoing investments in network expansion and technology, with 399 new towers deployed YoY.

• Homes, Office and Other Services segment expected to remain a key growth driver.