New Delhi, Aug 5
Leading telecom operator Bharti Hexacom Ltd's net profit declined 23.4 per cent year-on-year (YoY) in the first quarter of FY26, despite a strong revenue uptick, it said in an exchange filing on Tuesday.
In the April-June quarter, the company reported a net profit of Rs 391.6 crore, down from Rs 511.2 crore in the same period the previous year.
Sequentially, net profit decreased by more than 16 per cent from Q4 FY25, when it was Rs 468.4 crore.
Revenue dropped sharply from Rs 3,336.8 crore in Q4 FY25, suggesting a seasonal or one-time peak in the preceding quarter.
In Q1 FY26, total expenses were slightly lower than Rs 1,121.2 crore in the previous quarter and increased marginally to Rs 1,102.3 crore from Rs 1,034.8 crore a year earlier, suggesting some cost optimisation efforts.
According to the filing, the company's mobile revenues increased 17.8 per cent YoY, driven by tariff repair and a focus on premiumising the portfolio.
Meanwhile, the shares of Bharati Hexacom settled in negative territory in Tuesday's trade. The stock closed at 1,855.40, down 0.19 per cent. The scrip jumped nearly 4 per cent in the last 5 days, while till this date this year the stock zoomed over 25 per cent.