Bharti Hexacom Live Share Price Today, Share Analysis and Chart

About the company - Business Profile

Bharti Hexacom Ltd. is a communications solutions provider operating primarily in the Rajasthan and North East circles of India. As a subsidiary of Bharti Airtel Limited, it offers a range of services including consumer mobile, fixed-line, and broadband services under the Airtel brand. The company holds a leadership position in the North East circle (Ranked #1 by revenue market share) and a strong #2 position in Rajasthan as of early 2024.

Key Points

• Key Facts: Founded in 1995, Bharti Hexacom is headquartered in New Delhi, with its registered office in Gurugram. It is a subsidiary of Bharti Airtel Limited, which holds a 70% stake. The company's equity shares were listed on the BSE and NSE on April 12, 2024.
• Operations and Resources: The company operates across two primary circles—Rajasthan and the North East (comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura). As of March 31, 2024, it managed over 25,700 network towers, 79,800+ mobile broadband base stations, and held 2,010 MHz of spectrum.
• Ownership: Bharti Airtel Limited holds 70% of the equity, while the remaining 30% was previously held by Telecommunications Consultants India Limited (TCIL) before being offered to the public via an IPO.
• Market and Significance: Serving approximately 28 million customers, the company provides critical digital infrastructure in strategically important and geographically challenging regions of India. It has a population coverage of 96.2% in its operating circles.
• Business Model: The company leverages the "Airtel" brand and infrastructure to provide high-speed data and voice services. It excels in capital efficiency by utilizing shared infrastructure (e.g., through Indus Towers) and focusing on high-value customers to drive Average Revenue Per User (ARPU).

Revenue and Financial Performance (Annual FY 2024-25):

• Total Revenue from Operations: ₹85,479 million.
• Mobile Services Segment: ₹83,217 million.
• Homes, Office and Other Services: ₹2,521 million.
• Net Profit for the Year: ₹14,936 million.
• Geographical Concentration: 100% of revenue is derived from its Indian operations in Rajasthan and the North East.

Key Products and Technology:

• Mobile Services: Offers 2G, 4G, and 5G wireless services. Mobile services contributed approximately 97% of the total turnover.
• Fixed-Line and Broadband: Provides high-speed fiber-to-the-home (FTTH) services under the "Airtel Xstream" brand.
• Infrastructure: Extensive use of 4G/5G technologies and a digital-first approach for customer acquisition and service through the Airtel Thanks app.

Partnerships and Human Resources:

• Key Partnerships: Maintains a significant service agreement with Indus Towers Limited for passive infrastructure (tower) sharing. In FY 2024-25, transactions with Indus Towers for rendering/availing services were substantial (e.g., Indus rendered services worth ₹13,499 million to Bharti Hexacom).
• Employee Base: As of March 31, 2025, the company had 569 permanent employees, with a male-to-female ratio of roughly 88:12.
• Attrition Trends: The turnover rate for permanent employees was 19.0% in FY 2024-25, showing an improvement from 26.1% in FY 2022-23.

Strategic Initiatives and Outlook:

• The company is focused on premiumization by migrating customers from 2G to 4G/5G, which has successfully increased the Mobile ARPU to ₹204 (as of March 2024).
• Future growth is targeted through the expansion of the "Homes" segment (broadband) and deepening network densification in rural Rajasthan and the hilly terrains of the North East.

References

1. Annual Report May 2025
2. Annual Report May 2024
3. Earnings Call Feb 2026
4. Quarterly Results Feb 2026
5. Quarterly Results Nov 2025