Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Bharti Hexacom Q1 FY27 revenue Rs.2510 Cr +4% q-q; EBITDAaL Rs.1210 Cr, margin 48.2% - Mobile base 29 mn; net adds 210k; smartphone adds 344k; ARPU Rs.259 (extra day benefit) - Homes, office revenue +8% q-q; net adds 75k; capex on 5G densification, network modernization, homes/IPTV - Operating free cash flow Rs.830 Cr; net debt/EBITDAaL improved to 0.2 - Management highlighted strong growth in Airtel India and Africa; Africa revenue growth 20%+ CAGR - Airtel India mobile ARPU growth driven by data consumption, postpaid growth, Fast Lane tech - B2B segment growing with digital services (cloud, data center, cybersecurity); capex focused on fiber, data centers - Homes segment tightening acquisition quality; pivoting to fiber with FWA selectively deployed - AI used for operational efficiency with endpoint device inferencing reducing costs - Data center expansion to 1 GW planned with strong pipeline including Google contract - Africa business strengthened by Indus Towers share swap; Indus to expand in Africa for cost efficiencies - Financial services (NBFC, Airtel Payments Bank) growing rapidly; loan disbursements Rs.750 Cr/month - Management cautious on telecom pricing architecture; mid-term ARPU growth organic, long-term pricing reform needed - War on Waste program continues to optimize costs; capex disciplined but growth-driven - Hexacom operates in Rajasthan and Northeast circles with challenging terrain and competitive markets - Diesel cost benefits from solar to…