Bharti Hexacom Q4 FY26: Stable Growth with Strong Margins

Key Highlights • Net Profit: ₹446 Cr (↓6% QoQ, ↓5% YoY) • Revenue: ₹2,413 Cr (↑2% QoQ, ↑5% YoY) • EBITDA: ₹1,267 Cr (↑1% QoQ, ↑9% YoY) • EBITDA Margin: 52.5% (vs 53.15% QoQ, 51.0% YoY) Shareholder Return • Dividend: ₹18 per share What Stands Out • Healthy revenue and EBITDA growth YoY • Margins remain strong above 50% • Slight decline in profit despite operational stability Why It Matters Strong margins and stable telecom demand continue supporting cash generation and shareholder returns. Learning Outcome Telecom businesses with high operating leverage can maintain strong margins even during moderate revenue growth phases.