India's Bharti Hexacom falls after quarterly profit decline

Bharti Hexacom

06/08/2025 05:27

** Shares of Bharti Hexacom BHAX.NS fall 2.8% to 1,794 rupees

** Telecom co posts 23.4% Y/Y decline in June-qtr profit; rev from ops rises 18.4% Y/Y

** Jefferies reiterates "buy" rating; raises price target to 2,250 rupees from 2,020 rupees, implying 21.8% upside from last close

** Jefferies says BHAX's revenue matched expectations, but its profit fell short due to higher network and other operating costs

** Brokerage expects Bharti Hexacom to deliver 24%/29% CAGR in EBITDA/FCF over FY25–FY28

** BHAX rated "buy" by 10 analysts on average; median target price is 1,784.5 rupees – data compiled by LSEG

** Stock up 23.6% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))