Bharti Hexacom Ltd Share Price – NSE  / BSE

Telecomm-Service, Small Cap

Bharti Hexacom announced that the Annual General Meeting (AGM) of the company will be held on 30 August 2024.

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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.

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The key equity indices traded with significant in morning trade. The Nifty traded below the 24,300 level. Realty shares advanced after declining for the past four consecutive 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.

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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.

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