Bharti Hexacom (BHARTIHEXA) Q4 24/25 earnings summary

Executive summary

• Revenue for FY2025 was ₹85,479 million, up 21% year-over-year, with EBITDA growth of 27% and margins expanding to 44.2%.

• Net profit for the year reached ₹14,936 million, a significant increase from ₹5,044 million in the previous year.

• Operating free cash flow for the year was INR 2,300 crore, and net debt to EBITDA stands around 1.

• Q4 revenue grew 1.7% sequentially to INR 2,289 crore, with EBITDA margin improving to 46.6%.

• The Board recommended a final dividend of ₹10 per equity share for FY 2024-25, subject to shareholder approval.

Financial highlights

• EBITDA for the year was ₹43,790 million, up from ₹36,099 million year-over-year.

• Q4 net income was INR 468 crore; operating free cash flow for the quarter was INR 641 crore.

• Margins expanded to 44.2% for the year and 46.6% for Q4.

• Net debt (excluding leases) at INR 3,700 crore.

• Earnings per share for the year stood at ₹29.87, compared to ₹10.09 last year.

Outlook and guidance

• CapEx is expected to trend downward as rural rollout is largely complete.

• Focus remains on prudent cash deployment, balancing between deleveraging, dividends, and growth investments.

• EBITDA margins targeted for further improvement, supported by cost control and operational efficiency.

• The company has fully prepaid all deferred liabilities for spectrum acquired in the 2024 auction.

• Commercial papers worth ₹4,000 million were issued during the quarter, with ₹3,946 million outstanding as of March 31, 2025.