Bharti Hexacom Limited homes services revenue rises 49% in Q2

Bharti Hexacom Limited reported 49.0% year-on-year revenue growth in Homes, Office and Other services in Q2 FY27, while the segment’s customer base reached 989,000 at September 30, 2026. Bharti Hexacom attributed the growth to Wi-Fi and Internet Protocol television, or IPTV, additions and said its fibre footprint expanded to 122 cities.

How quickly did Bharti Hexacom’s Homes, Office and Other services grow?

Bharti Hexacom’s Homes, Office and Other services revenue grew 49.0% year on year in the quarter ended September 30, 2026, compared with 9.9% growth in mobile services revenue. Total revenue rose 11.4% year on year to Rs 2,582 crore, meaning the company disclosed substantially faster growth for the non-mobile segment than for its overall business.

The release does not state the segment’s rupee revenue, but it reports customer additions alongside revenue growth. The Homes, Offices and Other Services customer base increased by 428,000 year on year to 989,000, a 76.1% increase from 561,000 at September 30, 2025. Bharti Hexacom said Wi-Fi and IPTV offerings led the customer additions.

What drove Bharti Hexacom’s non-mobile customer additions?

Bharti Hexacom said accelerated Wi-Fi and IPTV offerings drove net additions in Homes, Office and Other services during Q2 FY27. The segment added 71,000 customers from 918,000 in June 2026 to 989,000 in September 2026, a 7.8% quarter-on-quarter increase. IPTV is television delivered through internet protocol networks.

Fibre expansion accompanied the segment’s customer growth. Bharti Hexacom’s fibre network footprint reached 122 cities at September 30, 2026, compared with 117 cities in Q2 FY26, adding five cities over the year. The company offers mobile, fixed-line telephone, Wi-Fi and IPTV services in Rajasthan and the North-East telecom circles.

The latest quarter’s customer movements differed between the two service categories. Mobile customers declined by 16,000 sequentially to 28.968 million at September 30, 2026, while Homes, Offices and Other Services customers rose by 71,000. Overall customers increased by 55,000 from June 2026 to 29.957 million.

How did Bharti Hexacom’s mobile business compare in Q2 FY27?

Bharti Hexacom’s mobile services revenue rose 9.9% year on year in Q2 FY27, below the 49.0% growth reported for Homes, Office and Other services. The company said mobile revenue growth reflected sustained improvement in average revenue per user, or ARPU, and a larger smartphone customer base. ARPU reached Rs 264, up from Rs 251 in Q2 FY26.

Smartphone data customers increased by 1.2 million over the year, representing 5.2% growth, and smartphone penetration reached 80% of the total mobile customer base. Average monthly data use per customer rose 23.9% year on year to 38.1 gigabytes, while quarterly mobile data traffic increased 30.6% to 2,526 petabytes.

Bharti Hexacom deployed 411 towers over the previous year to strengthen coverage and customer experience. During Q2 FY27, it also added Apple’s expanded iCloud+ service, including Apple TV and Apple Arcade, to postpaid plans. The release gives no customer additions or revenue figure directly attributable to that postpaid change.

What were Bharti Hexacom’s Q2 FY27 revenue and earnings figures?

Bharti Hexacom reported total revenue of Rs 2,582 crore in Q2 FY27, up 2.9% from Rs 2,510 crore in June 2026 and 11.4% from Rs 2,317 crore a year earlier. Earnings before interest, tax, depreciation and amortisation, or EBITDA, rose 12.8% year on year to Rs 1,417 crore.

EBITDA margin was 54.9%, compared with 54.8% in the June 2026 quarter and 54.2% in Q2 FY26. Earnings before interest and tax, or EBIT, increased 16.3% year on year to Rs 816 crore, with its margin rising to 31.6% from 30.3%. One basis point is one-hundredth of a percentage point.

What capital expenditure and debt measures did Bharti Hexacom disclose?

Bharti Hexacom spent Rs 336 crore on capital expenditure in Q2 FY27, which it said reflected continued investment in digital network and infrastructure expansion. The filing does not split this expenditure between mobile networks, fibre, Wi-Fi, IPTV or its two telecom-circle regions. Its 411 tower deployments over the prior year and fibre presence in 122 cities provide the related operating measures disclosed.

Annualised net debt to EBITDA was 0.87 at September 30, 2026, compared with 1.25 a year earlier. Net debt excluding lease obligations to EBITDA after leases, or EBITDAaL, was 0.31, down from 0.64 at September 30, 2025. EBITDAaL increased 14.2% year on year to Rs 1,254 crore, and its margin rose 118 basis points to 48.6%.

Conclusion

Bharti Hexacom’s Q2 FY27 results showed a marked difference between its service categories: Homes, Office and Other services revenue increased 49.0% year on year, against 9.9% for mobile services. The non-mobile segment’s customer base rose to 989,000, supported by Wi-Fi and IPTV additions, while the fibre footprint expanded by five cities to 122.

The next disclosures to watch are progress in the company’s stated digital network and infrastructure expansion after Rs 336 crore of quarterly capital expenditure. Future updates can also show whether Homes, Offices and Other Services sustains customer additions above the 71,000 reported in Q2 FY27, alongside fibre-city expansion and mobile ARPU movement from Rs 264.