JM Financial values Jio at about $140 billion in equity ($153 billion enterprise value) and argues that the IPO will reinforce the "free cash flow growth story"
Analysts caution that since its listing, Bharti Hexacom share price has re-rated significantly. They feel such a sharp premium to Bharti Airtel's more diversified business is too steep
Telecom operator Bharti Hexacom, a subsidiary of Bharti Airtel, on Monday posted a 66 per cent jump in profit to Rs 421 crore in the second quarter ended September 30, 2025, mainly on account of an increase in smartphone customers on its network. The company had posted a profit of about Rs 253 crore in the same period a year ago. The revenue from operations of Bharti Hexacom increased by about 13 per cent to Rs 2317.3 crore during the reported quarter from Rs 2,097.6 crore in the year-ago quarter, according to an exchange filing. "Mobile revenues increased 9.6 per cent YoY, attributed to higher realisations. ARPU reached Rs 251 this quarter, up from Rs 228 in the second quarter of 2025, along with an increase in data consumption. Mobile data traffic was 1,935 PBs (petabytes) for the quarter, reflecting a YoY growth of 27 per cent," the company said in a statement. Bharti Hexacom's capex for the quarter was Rs 368 crore. "The company continued to add strong smartphone data customer
Telecom stocks to buy, sell: Citing expensive valuations and low growth outlook, Emkay Global is cautious on the telecom sector. It initiated coverage on Bharti Hexacom with 'Reduce' rating
Bharti Hexacom has received approval from the majority shareholders at its 30th annual general meeting to sell mobile towers to its sister concern for Rs 1,134 crore, according to a regulatory filing on Wednesday. The Bharti Airtel group shared that its resolution "to approve material related party transactions with Indus Towers Limited, a related party" has been approved with 88.28 per cent votes at the annual general meeting. Sources said that state-run Telecom Consultants of India (TCIL), which holds a 15 per cent stake in the company, had opposed the deal, citing valuation issues. According to the postal ballot notice of Bharti Hexacom dated February 14, as cited in the AGM report, a deal to sell its tower to Indus Towers was agreed upon for Rs 1,134.1 crore. Bharti Hexacom received approval from the majority of shareholders on March 16 for the deal. The company, in an update on April 9, shared that TCIL had requested to start the process afresh as per its requirement. The vot
Analysts noted that the central bank's move was more of a non-event for the markets, with uncertainty surrounding tariffs having a greater impact on investor sentiment
Bharti Hexacom share price fell after the company posted a mixed set of results in the June quarter of financial year 2026 (Q1FY26).