BHARTIHEXA · Telecommunication
Bharti Hexacom Ltd. reported revenue of ₹1,801 cr for October to December 2023, — on the year and +3.6% on the quarter.
Operating profit (EBITDA) was ₹828 cr, a margin of 46.0%, — on the year and −155 bps on the quarter.
Net profit was ₹213 cr, — on the year and — on the quarter, with earnings per share of ₹4.25.
Telecom is capital-heavy: depreciation and interest take a large share of operating profit, so the operating line matters more than net profit in any one quarter. The quarterly statements do not carry revenue per user, subscribers and capital spending; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,801 cr | ₹1,868 cr | ₹1,911 cr | ₹2,098 cr | ₹2,251 cr | ₹2,289 cr | ₹2,263 cr | ₹2,317 cr | ₹2,360 cr | ₹2,414 cr | ₹2,510 cr | ₹2,582 cr |
| YoY | — | — | +14% | +21% | +25% | +23% | +18% | +10% | +5% | +5% | +11% | +11% |
| EBITDA margin | 46.0% | 47.0% | 45.8% | 47.8% | 51.2% | 51.0% | 51.3% | 52.1% | 53.1% | 52.5% | 52.7% | 53.3% |
| Other income, % of PBT | 22% | 16% | 62% | 14% | −16% | 9% | 9% | 11% | 5% | 9% | 11% | 9% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 26% | 11% | 25% | 31% | 9% | 26% | 25% | 17% | 26% | 26% | 19% |
| Net profit | ₹213 cr | ₹223 cr | ₹511 cr | ₹253 cr | ₹261 cr | ₹468 cr | ₹392 cr | ₹421 cr | ₹474 cr | ₹447 cr | ₹482 cr | ₹566 cr |
| YoY | — | — | +102% | — | +23% | +110% | −23% | +66% | +82% | −4% | +23% | +34% |
| Core profit YoY | — | — | −16% | +22% | +95% | +85% | +119% | +73% | +23% | +19% | +21% | +27% |
| EPS | ₹4.25 | ₹4.45 | ₹10.22 | ₹5.06 | ₹5.22 | ₹9.37 | ₹7.83 | ₹8.42 | ₹9.47 | ₹8.93 | ₹9.65 | ₹11.32 |
| Flags | · | · | 4 | ✓ | ✓ | 2 | ✓ | ✓ | 1 | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Bharti Hexacom Ltd. reported revenue of ₹1,801 cr (— on the year) and net profit of ₹213 cr (— on the year) for October to December 2023.
None of the 2 checks that could run raised a question.
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