BHL is the 2nd-largest wireless mobile operator in these two circles, with a market share of 37.6% by subscribers. The company reported revenue of INR 2,263 crores and EBITDA margin of 47.7% in recent quarters, demonstrating strong operational efficiency. The company benefits from its parent's technological infrastructure while maintaining a focused regional presence.
Cyborg Score Rationale
With a market cap of $9.3B and 500M shares outstanding, Bharti Hexacom commands substantial scale in regional telecom markets. Strong EBITDA margins and steady customer additions demonstrate operational competence, though regional concentration and parent-company dependency present growth constraints.
Top Insights
Revenue CAGR of 19% and EBITDA CAGR of 39% demonstrate strong operational leverage
Recent quarter added 17,000 mobile customers and 54,000 homes customers, indicating steady subscriber growth
Recent management changes with new CEO appointed for North East Circle effective February 16, 2026
Corporate asset purchase of 400 Megahertz Spectrum from Adani Data Networks on April 22, 2025 strengthens spectrum holdings