India's Bharti Hexacom gains after quarterly results; Jefferies lifts PT

Bharti Hexacom

14/05/2026 05:02

** Shares of India's Bharti Hexacom BHAX.NS jump as much as 2.65% to 1,529 rupees; last up 1%

** Telecom firm's quarterly profit fell ~4.6% y/y to 4.47 billion rupees ($46.7 million); revenue rose ~5.4% y/y

** EBITDA rose 7.7% y/y, with EBITDA margins expanding 113 bps to 54.4% on lower network and operating costs

** Jefferies lifts PT by 180 rupees to 2,060 rupees; sees scope for further EBITDA margin expansion

** Raises FY27-FY28 EPS estimates by 7%; expects revenue and EBITDA CAGR of 14% and 19%, respectively, over FY26-FY29

** YTD, stock down ~16.5%

($1 = 95.6900 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))