Emkay Global

Target: ₹1,550

CMP: ₹1,563.40

Bharti Hexacom (Hexacom) reported in-line results, with 2.3 per cent QoQ revenue growth to ₹2,410 crore and 1 per cent q-o-q EBITDA growth to ₹1,270 crore.

Revenue growth was led by Home Services (up 20.6 per cent QoQ) on strong subscriber additions, while Mobile Services grew only 1.6 per cent QoQ on a marginal decline in ARPU. The Mobile Services segment reported results in line with street estimates.