Financial Results for the second Quarter (Q2) and six months ended September 30, 2026

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CompaSneyc reat ary ceO fficer BhaHrteix aLciommi ted ReOgffd:i.A c iCertee,nPl tl Ne.oo1r t,6U dVyio,Phg ha arGsuer--uI1gV2r,2,Ia 0 nm1d 5ia CorpOoffircBaehtC:aer r et1s,iNc eelMnsaton,Rnd o e,Val adasK auPnnhtiIaI ,,Ns eeDw e- 1l1h00i7I 0n,d ia T:e9 -l1124-;4Fa x2:+2 9212-21224-4248063 Em-a:bi hlart@bihha;eWr xetab:iwwcs .wo.ibimthneart.nii hexacom CILN6:1 100HR1995PLC132187 Bharti Hexacom Limited CIN: L61100HR1995PLC132187 Registered Office: Airtel Center, Plot no. 16, Udyog Vihar, Phase - IV, Gurugram - 122015, India T: +91-124-4222222, F +91-124-4248063, Email id: bhartihexacom@bharti.in Statement of Audited Financial Results for the quarter and six months ended September 30, 2026 /~ in Millions; exceot oer share data) Previous year Quarter ended Six months ended ended Particulars September June September September September March 30, 2026 30, 2026 30, 2025 30, 2026 30, 2025 31,2026 Audited Audited Audited Audited Audited Audited Income Revenue from operations 25,818 25,099 23,173 50,917 45,803 93,538 Other income 639 721 612 1,360 1,087 2,238 26,457 25,820 23,785 52,277 46,890 95,776 Expenses Network operating expenses 5,618 5,376 5,303 10,994 10,522 20,911 Access charges 2,077 2,041 1,675 4,118 3,305 6,936 License fee/ Spectrum charges 2,336 2,303 2,138 4,639 4,252 8,642 Employee benefits expense 325 268 320 593 530 1,169 Sales and marketing expenses 860 900 963 1,760 1,970 3,731 Other expenses 831 989 693 1,820 1,536 3,245 12,047 11,877 11,092 23,924 22,115 44,634 Profit before depreciation, amortisation, finance costs, exceptional 14,410 13,943 12,693 28,353 24,775 51,142 items and tax Depreciation and amortisation expenses 6,003 5,925 5,543 11,928 10,816 22,132 Finance costs 1,396 1,488 1,509 2,884 3,050 6,012 Profit before exceptional items and tax 7,011 6,530 5,641 13,541 10,909 22,998 Exceptional items (net) 337 Profit before tax 7,011 6,530 5,641 13,541 10,909 22,661 Tax expense/ (credit) Current tax 2,316 2,211 1,762 4,527 3,419 5,416 Deferred tax /966) /SOS' (333' (1471) (638) /87) 1,350 1,706 1,429 3,056 2,781 5,329 Profit for the period / year 5,661 4,824 4,212 10,485 8,128 17 332 Other comprehensive income Items not to be reclassified to profit or loss: -Re-measurement loss on defined benefit plans ( 1) (4) (0) (5) (4) (1) -Tax credit on above 1 0 1 1 0 Other comprehensive loss for the period / year (1) (3) (0) (4) (3) (1) Total comprehensive income for the period / year 5,660 4,821 4,212 10,481 8,125 17,331 Earnings per share (Face value: f 5 each) Basic and diluted earnings per share* 11.32 9.65 8.42 20.97 16.25 34.66 Paid-up equity share capital (Face value: ~ 5 each) 2,500 2,500 2,500 2,500 2,500 2,500 Other equity 70,633 73,973 59,946 70,633 59,946 69,152 *Earnings per share are not annualized for the periods. Audited Balance Sheet as of September 30, 2026 (~ in Millions' As of Particulars September 30, 2026 March 31, 2026 Audited Audited Assets Non-current assets Property, plant and equipment 55,532 54,062 Capital work-in-progress 3,034 4,761 Right-of-use assets 27,455 28,549 Intangible assets 55,290 57,773 Financial assets -Investments 0 0 -Other financial assets 4,152 4,272 Income tax assets (net) 3,630 5,088 Deferred tax assets (net) 12,151 9,949 Other non-current assets 3,697 3 802 164,941 168,256 Current assets Financial assets -Investments 8,234 6,312 -Derivative instruments 36 263 -Trade receivables 1,307 1,084 -Cash and cash equivalents 75 330 -Other bank balances 2,743 276 -Other financial assets 10,251 9,925 Other current assets 3,513 4,060 26,159 22,250 Total assets 191100 190,506 Equity and liabilities Equity Equity share capital 2,500 2,500 Other equity 70,633 69,152 73,133 71,652 Non-current liabilities Financial liabilities -Borrowings 23,695 24,157 -Lease liabilities 28,110 29,082 -Other financial liabilities 165 165 Deferred revenue 5,289 5,964 Provisions 289 290 57,548 59,658 Current liabilities Financial liabilities -Borrowings 2,826 2,786 -Derivative instruments 3 - -Lease liabilities 5,639 5,348 -Trade payables -Total outstanding dues of micro enterprises and small enterprises 42 38 -Total outstanding dues of creditors other than micro enterprises and small enterprises 18,372 16,025 -Other financial liabilities 5,324 8,470 Deferred revenue 7,627 7,407 Provisions 14,908 14,377 Current tax liabilities (net) 4,104 3,183 Other current liabilities 1,574 1,562 60,419 59,196 Total liabilities 117,967 118,854 Total equity and liabilities 191,100 190,506 Audited Segment-wise Revenue, Results, Assets and Liabilities as of and for the quarter and six months ended . September 30, 2026 (~ in Millions) Previous year Quarter ended / As of Six months ended/ As of ended/ As of Particulars September June September September September March 30,2026 30, 2026 30, 2025 30, 2026 30,2025 31,2026 Audited Audited Audited Audited Audited Audited 1. Segment Revenue - Mobile Services 24,610 23,953 22,385 48,563 44,301 90,108 - Homes, Office andO ther Services 1,312 1,265 880 2,577 1,664 3,808 Total segment revenue 25,922 25,218 23,265 51,140 45,965 93,916 Less: Inter-seqment eliminations 104 119 92 223 162 378 Total revenue 25,818 25,099 23,173 50,917 45,803 93,538 2. Segment Results ProfiV(Loss) before finance costs (net), charity and donation, exceptional items (net) and tax - Mobile Services 8,162 7,828 7,006 15,990 13,891 28,529 - Homes, Office and Other Services 1 (4) 14 (3) 28 33 Total segment results 8,163 7,824 7,020 15,987 13,919 28,562 Less: (i) Finance costs (net)* 1,152 1,169 1,379 2,321 2,885 5,324 (ii) Charity and donation 0 125 0 125 125 240 (iii) Exceptional items (net) . . . . 337 Profit before tax 7,011 6,530 5,641 13,541 10,909 22,661 3. Segment Assets - Mobile Services 163,261 173,705 173,191 163,261 173,191 168,083 - Homes, Office and Other Services 18,584 17,320 12,316 18,584 12,316 15,881 Total segment assets 181,845 191,025 185,507 181,845 185,507 183,964 - Unallocated/ Adjustment 15,826 14,148 9,787 15,826 9,787 13,210 - Inter-segment eliminations (6,571 (6,568' (5,555' (6,571' (5,555) (6,668' Total assets 191,100 198,605 189,739 191,100 189,739 190,506 4, Segment Liabilities - Mobile Services 89,296 93,484 93,247 89,296 93,247 91,526 - Homes, Office and Other Services 4,605 4,368 9,152 4,605 9,152 5,960 Total segment liabilities 93,901 97,852 102,399 93,901 102,399 97,486 - Unallocated/ AdjustmentA 30,637 30,848 30,449 30,637 30,449 28,036 - Inter-segment eliminations (6,571 (6,568 (5,555 (6,571' (5,555' (6,668 Total liabilities 117,967 122,132 127,293 117,967 127,293 118,854 *This is net of in [Showing first 8,000 characters — download PDF for full document]