Net profit of Bharti Hexacom reported to Rs 253.10 crore in the quarter ended September 2024 as against net loss of Rs 184.10 crore during the previous quarter ended September 2023. Sales rose 20.66% to Rs 2097.60 crore in the quarter ended September 2024 as against Rs 1738.50 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2097.601738.50 21 OPM %47.7647.51 - PBDT875.60727.60 20 PBT339.50295.40 15 NP253.10-184.10 LP Powered by Capital Market - Live

Bharti Hexacom will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

Revenue from operations increased 13.61% YoY to Rs 1,910.6 crore during the quarter. Profit before exceptional item and tax (PBT) fell 24.37% to Rs 258.5 crore from Rs 341.8 crore in corresponding quarter last year. Exceptional loss was Rs 318.3 crore during the quarter. EBITDA stood at Rs 912 crore in Q1 FY25, up 6.6% as compared with Rs 855 crore in Q1 FY24. EBITDa margin contracted to 47.7% in Q1 FY25 from 50.8% Q1 FY24. Mobile revenues grew by 12.9% YoY on back of improved realisation and sustained customer additions. ARPU for the quarter stood at Rs 205 as compared to Rs 194 in Q1 FY24, driven by continued mix improvement and focus on quality acquisitions. During the quarter, overall customer base increased 5.5% YoY to 27.9 million and capex stood at Rs 318 crore. The company rolled out 268 network towers and 665 mobile broadband base stations in the quarter to further strengthen its coverage and provide seamless connectivity. Homes and Office business maintained its growth trajectory and delivered a revenue growth of 21.1% YoY, result of company's strategy to rapidly expand cities under coverage and deepening presence in existing cities and towns. Revenue per tower per month fell 2.8% to Rs 2,39,298 in June 2024 from Rs 2,46,189 in June 2023. By the end of the quarter, the company had 25,972 network towers as compared to 22,605 network towers in the corresponding quarter last year. Bharti Hexacom runs mobile services in Rajasthan and the Northeast telecommunication circles of India, comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company offers its services under the brand Airtel. The scrip fell 0.98% to Rs 1,103.75 on the BSE.Powered by Capital Market - Live

The key equity indices traded with significant in morning trade. The Nifty traded below the 24,300 level. Realty shares advanced after declining in the past for the four trading session. At 10:30 ST, the barometer index, the S&P BSE Sensex, was up 664.35 points or 0.74% to 79,350.16. The Nifty 50 index added 180.80 points or 0.75% to 24,236.40. The broader market outperformed the headline indices, the S&P BSE Mid-Cap index added 1.36% and the S&P BSE Small-Cap index gained 1.64%. The market breadth was strong. On the BSE, 2,727 shares rose and 890 shares fell. A total of 139 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 11.48% to 18.03. Results today: Tata Power (up 2.50%), Vedanta (down 1.03%), TVS Motor (up 0.72%), Lupin (down 0.31%), 3M India (up 2.48%), Bajaj Electricals (up 1.65%), Bata India (up 1.10%), Blue Jet Healthcare (up 1.70%), Blue Star (up 0.22%), BOSCH (up 2.09%), Chambal Fertilizers and Chemicals (up 1.90%), Cummins India (up 1.39%), EIH Hotels (down 0.19%), Fortis Healthcare (up 0.78%), Fusion MicroFinance (up 0.95%), Gland Pharma (up 3.95%), Graphite India (up 1.75%), Gujarat Gas (up 2.87%), Gulf Oil Lubricants India (up 1.91%), IIFL Finance (up 1.39%), Indigo Paints (up 2.49%), J. Kumar Infraprojects (up 2.03%), Linde India (up 1.01%), NCC (up 1.13%), Power Finance Corporation of India (up 2.95%), PI Industries (up 1.86%), PB Fintech (up 0.94%), Raymond (up 3.41%) will announced their quarterly earnings later today. Buzzing Index: The Nifty Realty index added 2.21% to 1,014.20. The index tumbled 7.27% in the past four trading sessions. Brigade Enterprises (up 6.54%), Godrej Properties (up 5%), DLF (up 2.97%), Oberoi Realty (up 2.57%) and Prestige Estates Projects (up 2.46%), Phoenix Mills (up 2.23%), Sobha (up 1.55%), Sunteck Realty (up 0.95%) edged higher. On the other hand, Macrotech Developers (down 1.36%), Mahindra Lifespace Developers (down 0.39%) declined. Stocks in Spotlight: Bharti Hexacom declined 1.20%. The company's standalone net profit surged to Rs 511 crore in Q1 FY25 as compared with Rs 223 crore posted in Q1 FY24. Revenue rose 2% YoY to Rs 1,911 crore in Q1 FY25. Aster DM Healthcare gained 2.98%. The company informed that its chief executive officer (CEO), Dr. Nitish Shetty has tendered his resignation on 5 August 2024, for pursuing an entrepreneurial opportunity. V-mart Retail surged 9.58%. The company reported standalone net profit of Rs 12 crore in Q1 FY25 as compared with net loss of Rs 22 crore in Q1 FY24. Revenue increased 16% to Rs 786 crore during the quarter as compared with Rs 679 crore posted in corresponding quarter last year.Powered by Capital Market - Live

Net profit of Bharti Hexacom rose 101.90% to Rs 511.20 crore in the quarter ended June 2024 as against Rs 253.20 crore during the previous quarter ended June 2023. Sales rose 13.61% to Rs 1910.60 crore in the quarter ended June 2024 as against Rs 1681.70 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1910.601681.70 14 OPM %45.8449.35 - PBDT754.20756.10 0 PBT258.50341.80 -24 NP511.20253.20 102 Powered by Capital Market - Live

Bharti Hexacom will hold a meeting of the Board of Directors of the Company on 5 August 2024.Powered by Capital Market - Live

The brokerage views the company as the best pure-play in the Indian communication solutions market. Bharti Hexacom operates in underpenetrated areas with low telecom density and internet penetration, which is driving subscriber growth and increasing average revenue per user (ARPU). Despite a slightly lower ARPU compared to Bharti Airtel, the company is expected to deliver superior returns. The broker forecasts tariff hikes and decreasing capital expenditures, leading to increased dividend payouts. Overall, the brokerage expects strong revenue and EBITDA growth for the company. Last week another global brokerage also initiated coverage on Bharti Hexacom with a 'buy' call and a target price of Rs 1,240. Bharti Hexacom runs mobile services in Rajasthan and the Northeast telecommunication circles of India, comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company offers its services under the brand Airtel. The company's standalone net profit jumped 10.25% to Rs 223 crore in Q4 FY24 as compared with Rs 202 crore in Q4 FY23. Revenue from operations increased 7.8% to Rs 1,868 crore during the quarter as compared with Rs 1,733 crore posted in the quarter ended 31 March 2023. Profit before tax (PBT) jumped 11.5% YoY to Rs 301 crore in Q4 FY24. Powered by Capital Market - Live