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BSE Telecommunication Results: Latest Quarterly Results & Analysis

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ITI Ltd. 13 Aug 2026 18:42 PM

Q1FY27 Quarterly Result Announced for ITI Ltd.

Telecom Equipment company ITI announced Q1FY27 results

Consolidated Financial Highlights:

  • Total Revenue: The company recorded a total revenue of Rs 43,340 lakh in Q1FY27, representing a decrease of 15.19% YoY compared to Rs 51,105 lakh in Q1FY26 and a decrease of 32.38% QoQ compared to Rs 64,089 lakh in Q4FY26.
  • Revenue from Operations: Revenue from operations stood at Rs 42,503 lakh in Q1FY27, reflecting a decrease of 14.65% YoY from Rs 49,801 lakh in Q1FY26 and a 32.28% decrease QoQ from Rs 62,765 lakh in Q4FY26.
  • Net Loss: For Q1FY27, the net loss was Rs 3,225 lakh, showcasing a 49.30% reduction in loss compared to a net loss of Rs 6,361 lakh in Q1FY26. This is a shift from a net profit of Rs 43,610 lakh in Q4FY26, which was significantly impacted by exceptional items.
  • Total Comprehensive Income: The company reported a total comprehensive loss of Rs 3,225 lakh in Q1FY27, against a loss of Rs 6,361 lakh in Q1FY26 and a profit of Rs 42,761 lakh in Q4FY26.
  • Earnings Per Share (EPS): Basic and Diluted EPS for Q1FY27 was (Rs 0.33), compared to (Rs 0.66) in Q1FY26 and Rs 4.53 in Q4FY26.

Standalone Financial Highlights:

  • Total Revenue: Standalone total revenue reached Rs 43,340 lakh in Q1FY27, down 15.19% YoY from Rs 51,105 lakh in Q1FY26 and down 32.38% QoQ from Rs 64,089 lakh in Q4FY26.
  • Revenue from Operations: The standalone revenue from operations was Rs 42,503 lakh in Q1FY27, compared to Rs 49,801 lakh in Q1FY26 (YoY decrease of 14.65%) and Rs 62,765 lakh in Q4FY26 (QoQ decrease of 32.28%).
  • Net Loss: The standalone net loss for Q1FY27 stood at Rs 3,247 lakh, representing a 48.72% reduction YoY from a loss of Rs 6,332 lakh in Q1FY26. The company had reported a net profit of Rs 43,591 lakh in Q4FY26.
  • Total Comprehensive Income: Reported at a loss of Rs 3,247 lakh in Q1FY27, compared to a loss of Rs 6,332 lakh in Q1FY26 and a total comprehensive income of Rs 42,742 lakh in Q4FY26.

Business Highlights:

  • Order Book Performance: The company maintains a substantial Order Book valued at Rs 13,88,281 lakh.
  • Revenue Recognition: Management expects to convert unbilled revenue of Rs 2,34,615 lakh into billed revenue/realization by completing contract milestones within the next 12 months.
  • ASCON Phase IV Project: ITI Limited is executing the Army Static Switched Communication Network (ASCON) Phase IV project for the Ministry of Defence, worth Rs 8,280.36 crore. Proof of Concept (PoC) activities are currently in progress and are anticipated to be completed by December 31, 2026.
  • Revival Plan Status: The company is operating under a revival plan involving financial assistance of Rs 4,15,879 lakh. As of date, ITI has received Rs 3,08,435 lakh toward this plan.
  • Joint Venture Investment: The company has invested 49.06% in the equity share capital of its Joint Venture, India Satcom Limited.
  • Segment Information: ITI Limited is primarily engaged in a single business segment: the manufacturing, trading, and servicing of telecommunication equipment and associated services within India. The company is also active in Defence projects and is exempted from separate segment reporting for Defence production.

Result PDF

Telecom Services company Mahanagar Telephone Nigam announced Q1FY27 results

Standalone Financial Highlights:

  • Revenue from operations for Q1FY27 stood at Rs 200.08 crore, reflecting a QoQ decrease of 42.84% from Rs 350.05 crore in Q4FY26, but a YoY increase of 26.52% from Rs 158.14 crore in Q1FY26.
  • Other income in Q1FY27 was Rs 74.53 crore, representing a QoQ decline of 85.40% compared to Rs 510.45 crore in Q4FY26, and a YoY growth of 121.55% from Rs 33.64 crore in Q1FY26.
  • Total income for the company in Q1FY27 was Rs 274.61 crore, which is a QoQ decrease of 68.09% from Rs 860.50 crore in Q4FY26 and a YoY increase of 43.19% from Rs 191.78 crore in Q1FY26.
  • The company reported a loss before exceptional items and tax of Rs 841.07 crore in Q1FY27, as against a loss of Rs 304.46 crore in Q4FY26 and a loss of Rs 941.03 crore in Q1FY26.
  • Net loss for the period in Q1FY27 stood at Rs 841.07 crore, compared to a net loss of Rs 304.46 crore in Q4FY26 and Rs 941.03 crore in Q1FY26.
  • Total comprehensive loss for Q1FY27 was Rs 841.07 crore, as against a loss of Rs 290.61 crore in Q4FY26 and a loss of Rs 945.49 crore in Q1FY26.
  • Loss per equity share (Basic) for Q1FY27 was Rs 13.35, compared to Rs 4.83 in Q4FY26 and Rs 14.94 in Q1FY26.

Consolidated Financial Highlights:

  • Revenue from operations for Q1FY27 reached Rs 216.89 crore, showing a QoQ decrease of 41.46% from Rs 370.51 crore in Q4FY26 and a YoY increase of 25.94% from Rs 172.22 crore in Q1FY26.
  • Other income for Q1FY27 was Rs 75.15 crore, reflecting a QoQ decline of 85.30% from Rs 511.13 crore in Q4FY26 and a YoY growth of 115.27% from Rs 34.91 crore in Q1FY26.
  • Total income in Q1FY27 stood at Rs 292.04 crore, a QoQ decrease of 66.88% from Rs 881.64 crore in Q4FY26 and a YoY increase of 41.00% from Rs 207.13 crore in Q1FY26.
  • The group reported a loss before tax of Rs 842.36 crore in Q1FY27, compared to a loss of Rs 306.82 crore in Q4FY26 and a loss of Rs 943.15 crore in Q1FY26.
  • Consolidated net loss for the period in Q1FY27 was Rs 842.36 crore, as against a net loss of Rs 306.95 crore in Q4FY26 and Rs 943.15 crore in Q1FY26.
  • Total comprehensive loss attributable to the owners of the group for Q1FY27 was Rs 841.86 crore, compared to a loss of Rs 291.81 crore in Q4FY26 and Rs 948.19 crore in Q1FY26.
  • Consolidated loss per equity share (Basic) for Q1FY27 was Rs 13.37, as against Rs 4.87 in Q4FY26 and Rs 14.97 in Q1FY26.

Business Highlights:

  • Segment Performance:
    • Basic & other Services: Reported revenue of Rs 69.96 crore in Q1FY27, compared to Rs 195.53 crore in Q4FY26.
    • Cellular: Revenue stood at Rs 20.69 crore in Q1FY27, as against Rs 24.30 crore in Q4FY26.
    • Infrastructure Leasing: Recorded revenue of Rs 126.53 crore in Q1FY27, compared to Rs 150.98 crore in Q4FY26.
  • Operational Transition: Pursuant to the service level agreement (SLA) with BSNL, the entire telecom operations of MTNL in Delhi and Mumbai are being run by BSNL effective from January 1, 2025. MTNL recognized a revenue share of Rs 34.39 crore during Q1FY27.
  • Financial Indebtedness and Default: As of June 30, 2026, the company's total financial indebtedness, including short-term and long-term debt, stood at Rs 37,223 crore. The company defaulted on bank term loan repayments and interest, with a total default amount of Rs 3,897 crore as of June 30, 2026.
  • Negative Net Worth: The company reported a negative net worth of Rs 30,801.34 crore on a standalone basis and Rs 30,787.04 crore on a consolidated basis in Q1FY27.
  • Asset Monetization: Ongoing monetization of land and buildings with the assistance of DIPAM yielded Rs 418.76 crore during FY26, with further properties under process.
  • Status Classification: The company has been classified as an "Incipient Sick CPSE" by the Department of Public Enterprises.

Result PDF

Telecom Equipment company ADC India Communications announced Q1FY27 results

Financial Highlights:

  • Total Revenue from Operations: Stood at Rs 6,341.19 lakh in Q1FY27, reflecting a significant YoY growth of 40.58% compared to Rs 4,510.87 lakh in Q1FY26. On a QoQ basis, revenue increased by 3.55% from Rs 6,124.06 lakh in Q4FY26.
  • Total Income: For Q1FY27, the company reported a total income of Rs 6,420.65 lakh, an increase of 39.89% YoY from Rs 4,589.75 lakh and an increase of 3.96% QoQ from Rs 6,176.29 lakh.
  • Profit Before Tax: Reported at Rs 1,151.97 lakh in Q1FY27, marking a YoY growth of 72.99% from Rs 665.93 lakh. Compared to Q4FY26 (Rs 489.83 lakh), profit before tax surged by 135.18% QoQ.
  • Net Profit After Tax: Stood at Rs 857.98 lakh in Q1FY27, representing a YoY increase of 72.58% from Rs 497.15 lakh in Q1FY26 and a substantial QoQ growth of 144.33% from Rs 351.16 lakh in Q4FY26.
  • Total Comprehensive Income: For the quarter, this stood at Rs 852.00 lakh, compared to Rs 496.23 lakh in Q1FY26 (up 71.70% YoY) and Rs 354.51 lakh in Q4FY26 (up 140.33% QoQ).
  • Earnings Per Share (EPS): Basic and Diluted EPS rose to Rs 18.65 in Q1FY27 from Rs 10.81 in Q1FY26 and Rs 7.63 in Q4FY26.

Business Highlights (Segment-wise Performance)

  • Telecommunication Segment:
    • Revenue reached Rs 1,210.80 lakh in Q1FY27, growing substantially from Rs 285.70 lakh in Q1FY26 (YoY) and Rs 729.16 lakh in Q4FY26 (QoQ).
    • Segment Results (Profit before tax and interest) stood at Rs 322.73 lakh in Q1FY27, compared to Rs 84.75 lakh in Q1FY26 and Rs 150.67 lakh in Q4FY26.
  • IT-Networking Segment:
    • Revenue stood at Rs 5,130.39 lakh in Q1FY27, representing a YoY increase from Rs 4,225.17 lakh but a slight QoQ decrease from Rs 5,394.90 lakh in Q4FY26.
    • Segment Results (Profit before tax and interest) reached Rs 757.93 lakh in Q1FY27, up from Rs 514.65 lakh in Q1FY26 and Rs 335.31 lakh in Q4FY26.
  • Capital Employed: The total capital employed by the company as of June 30, 2026, increased to Rs 9,520.92 lakh from Rs 8,668.92 lakh as of March 31, 2026.

Result PDF

Telecom Services company Suyog Telematics announced Q1FY27 results

Consolidated Financial Highlights:

  • The company recorded Revenue from Operations of Rs 7,095.25 lakh in Q1FY27, an increase of 6.14% YoY from Rs 6,684.53 lakh in Q1FY26 and a QoQ growth of 3.52% from Rs 6,853.90 lakh in Q4FY26.
  • Total Revenue for Q1FY27 stood at Rs 7,315.88 lakh, compared to Rs 6,867.25 lakh in Q1FY26 (up 6.53% YoY) and Rs 6,961.57 lakh in Q4FY26 (up 5.09% QoQ).
  • Other Income for the quarter was Rs 220.64 lakh, recording an increase of 20.75% YoY from Rs 182.72 lakh in Q1FY26 and a growth of 104.92% QoQ from Rs 107.67 lakh in Q4FY26.
  • Profit Before Tax (PBT) reached Rs 1,950.62 lakh in Q1FY27, a decrease of 10.25% YoY from Rs 2,173.50 lakh in Q1FY26 and a decline of 3.01% QoQ from Rs 2,011.13 lakh in Q4FY26.
  • Net Profit (Profit for the period) stood at Rs 1,449.69 lakh for Q1FY27, representing a YoY decrease of 16.31% from Rs 1,732.13 lakh in Q1FY26, while remaining nearly flat on a QoQ basis with a marginal increase of 0.02% from Rs 1,449.33 lakh in Q4FY26.
  • Basic Earnings Per Share (EPS) for Q1FY27 was reported at Rs 12.37, compared to Rs 15.49 in Q1FY26 and Rs 12.35 in Q4FY26.

Standalone Financial Highlights:

  • Revenue from Operations for Q1FY27 was Rs 6,526.91 lakh, showing a YoY growth of 2.16% from Rs 6,388.74 lakh in Q1FY26 and a marginal QoQ increase of 0.02% from Rs 6,525.67 lakh in Q4FY26.
  • Total Revenue for the quarter was Rs 6,742.30 lakh, up 2.62% YoY from Rs 6,569.97 lakh in Q1FY26 and up 2.13% QoQ from Rs 6,601.40 lakh in Q4FY26.
  • Profit Before Tax (PBT) stood at Rs 1,875.07 lakh in Q1FY27, a YoY decline of 12.06% from Rs 2,132.25 lakh in Q1FY26 and a QoQ decrease of 4.54% from Rs 1,964.23 lakh in Q4FY26.
  • Net Profit (Profit for the period) was Rs 1,393.15 lakh for Q1FY27, decreasing by 18.11% YoY from Rs 1,701.27 lakh in Q1FY26 and by 1.49% QoQ from Rs 1,414.29 lakh in Q4FY26.
  • Basic Earnings Per Share (EPS) for Q1FY27 was reported at Rs 11.89, compared to Rs 15.22 in Q1FY26 and Rs 12.07 in Q4FY26.

Business Highlights:

  • Subsidiary Performance: The consolidated results include the performance of its subsidiary, Lotus Tele Infra Private Limited, in which the company holds a 95% stake.
  • Dividend: The Board has fixed September 11, 2026, as the Record date for determining the eligibility of shareholders entitled to receive the Final Dividend for the financial year ended March 31, 2026 (FY26).
  • Change in Accounting Policy: Effective April 1, 2026, the company voluntarily changed its accounting policy regarding the presentation of electricity and diesel reimbursement charges. These reimbursements, previously netted off against expenses, are now recognized on a gross basis as part of 'Revenue from Operations'.
  • Management Appointments: The Board approved the re-appointment of Ms. Subhashita Lature as a Whole-time Director for a term of 5 years effective from January 10, 2027, subject to member approval.
  • Revenue Recognition: The company has recognized accrued/provisional income under Revenue from Operations based on management estimates for IP lease rental and fiber business with multiple operators, with a majority contribution from government customers.

Result PDF

Telecom Services company Vodafone Idea announced Q1FY27 results

Consolidated Financial Highlights:

  • The company reported Revenue from operations of Rs 11,689 crore for Q1FY27, reflecting a QoQ increase of 3.15% from Rs 11,332 crore in Q4FY26 and a YoY growth of 6.04% compared to Rs 11,023 crore in Q1FY26.
  • Total Income for Q1FY27 stood at Rs 11,884 crore, an increase of 3.92% from Rs 11,436 crore in Q4FY26 and a growth of 6.44% YoY from Rs 11,165 crore in Q1FY26.
  • EBITDA for the quarter was Rs 5,034 crore, showing a QoQ growth of 2.97% from Rs 4,889 crore in Q4FY26 and a YoY growth of 9.15% from Rs 4,612 crore in Q1FY26.
  • The company recorded an EBITDA margin of 43.1% in Q1FY27, which is an improvement of 122 bps YoY compared to 41.8% in Q1FY26.
  • Profit/(Loss) before exceptional items and tax was a loss of Rs 5,358 crore in Q1FY27, compared to a loss of Rs 5,515 crore in Q4FY26 and a loss of Rs 6,611 crore in Q1FY26.
  • Net Profit/(Loss) after tax for Q1FY27 was a loss of Rs 3,754 crore, compared to a profit of Rs 51,970 crore in Q4FY26 (which included a significant exceptional gain) and a loss of Rs 6,608 crore in Q1FY26.
  • Basic and Diluted Earnings Per Share (EPS) for Q1FY27 stood at negative Rs 0.35.

Standalone Financial Highlights:

  • Revenue from operations for Q1FY27 was Rs 11,539 crore, recording a 3.05% growth QoQ from Rs 11,197 crore in Q4FY26 and a 5.81% growth YoY from Rs 10,905 crore in Q1FY26.
  • Total Income for the standalone entity was Rs 11,737 crore in Q1FY27, compared to Rs 11,305 crore in Q4FY26 and Rs 11,054 crore in Q1FY26.
  • The standalone Net Profit/(Loss) after tax was a loss of Rs 3,712 crore in Q1FY27, against a profit of Rs 52,022 crore in Q4FY26 and a loss of Rs 6,634 crore in Q1FY26.

Business Highlights:

  • Subscriber Base: The total subscriber base stood at 193.1 million in Q1FY27, compared to 192.8 million in Q4FY26, marking the first quarter of positive net subscriber additions since the merger.
  • ARPU Growth: Average Revenue Per User (ARPU) increased to Rs 195 in Q1FY27 from Rs 190 in Q4FY26, reflecting a QoQ growth of 2.63%. On a YoY basis, ARPU grew by 10.17% from Rs 177 in Q1FY26.
  • 4G/5G Performance: The 4G/5G subscriber base increased to 130.1 million in Q1FY27 compared to 128.9 million in Q4FY26. The 4G population coverage reached 87.0% as of June, 2026.
  • Network Expansion: The company added over 15,600 new unique broadband towers over the last twelve months, bringing the total count to nearly 205,000. 5G is now available in over 200 Indian cities and towns.
  • Data Usage: Data usage improved to 88.4 Pb/day in Q1FY27, representing a YoY increase of 27.9% from 69.1 Pb/day in Q1FY26.
  • Capex: Capital expenditure for the quarter Q1FY27 stood at Rs 1,930 crore. Capex orders worth Rs 9,000 crore have been placed as part of a 3-year capex guidance of Rs 45,000 crore.
  • Debt Status: As of June 30, 2026, the total outstanding debt from banks and others was Rs 3,708 crore. The deferred payment obligation towards Spectrum and AGR stood at Rs 130,299 crore and Rs 25,759 crore, respectively.

Abhijit Kishore, CEO, Vodafone Idea, said: “FY27 is the year of execution for us. Our robust Q1FY27 performance is a strong validation of our defined strategy and disciplined execution. Our investments are delivering tangible results with revenue growth of 6.0% YoY and quarterly EBITDA crossing Rs. 5,000 Crore with a YoY growth of 9.1%. During the quarter, we have delivered on all the critical business parameters we measure our success on, including subscriber addition - the first since the merger and we will continue to drive this. Our 5G is now live in over 200 cities.

Our on-ground execution intensity continues with capex orders worth Rs. 9,000 Crore already placed. The ongoing conversation with the lenders gives us the confidence of successful closure of debt discussions. With all critical business parameters now moving in the right direction our focus remains on execution and AI led transformation across the organization.”

Result PDF

Telecom Equipment company GTL Infrastructure announced Q1FY27 results

Financial Highlights:

  • Total Income: For Q1FY27, Total Income stood at Rs 33,237 lakh, representing a QoQ decrease of 3.78% from Rs 34,543 lakh in Q4FY26 and a YoY decrease of 2.14% from Rs 33,963 lakh in Q1FY26.
  • Revenue from Operations: The company recorded revenue of Rs 32,731 lakh in Q1FY27, compared to Rs 33,036 lakh in Q4FY26 and Rs 33,453 lakh in Q1FY26, marking a QoQ decline of 0.92% and a YoY decline of 2.16%.
  • Net Profit/(Loss): The company reported a Net Profit of Rs 6,939 lakh for Q1FY27, a significant turnaround YoY from a Net Loss of Rs 23,242 lakh in Q1FY26. On a QoQ basis, the profit decreased by 94.15% from Rs 1,18,558 lakh in Q4FY26, a period which had benefited from substantial exceptional gains.
  • Total Comprehensive Income: This was reported at Rs 6,925 lakh for Q1FY27, compared to Rs 1,18,641 lakh in Q4FY26 and a loss of Rs 23,256 lakh in Q1FY26.
  • Earnings Per Share (EPS): Basic and Diluted EPS for Q1FY27 was Rs 0.05, compared to Rs 0.91 in Q4FY26 and a loss of Rs (0.18) in Q1FY26.
  • Full Year Performance: For the full year FY26, the company recorded a Total Income of Rs 1,41,907 lakh and a Net Profit of Rs 77,926 lakh.

Business Highlights:

  • Segment Performance: The company operates predominantly in a single reportable business segment, which is providing "Telecom Towers" on a shared basis in India.
  • Going Concern and Operations: Management stated that the company has no intention to discontinue its operations or liquidate its operating assets. Following the settlement of dues with a majority of lenders, the company continues to prepare its books of account on a going concern basis.
  • Debt Settlement Update: The company is continuing to pursue a One Time Settlement (OTS) with the remaining lenders under the bilateral settlement framework approved by the Joint Lender Forum (JLF).
  • Interest Accrual Policy: Accrual of further interest on borrowings from these lenders has been discontinued, as management believes that adequate provisions for interest have already been made in the company's books.
  • FCCB Conversion Details: As of June 30, 2026, the potential shares to be issued on conversion for FCCB Holders were 17,97,66,251 (B1), 24,40,80,848 (B2), and 6,69,68,994 (B3). Post the quarter end, between July 01, 2026, and August 06, 2026, 46 B2 bonds were converted into 2,99,637 equity shares.

Result PDF

Telecom Cables company Pace Digitek announced Q1FY27 results

Consolidated Financial Highlights:

  • Revenue from operations in Q1FY27 was Rs 5,553.64 million, compared to Rs 3,670.79 million in Q1FY26, representing a growth of 51.30% YoY. On a sequential basis, revenue decreased by 49.36% from Rs 10,967.79 million in Q4FY26.
  • Total income for Q1FY27 stood at Rs 5,837.05 million, a YoY increase of 56.61% from Rs 3,727.15 million in Q1FY26. It declined by 47.74% QoQ from Rs 11,169.32 million in Q4FY26.
  • Profit after tax (PAT) in Q1FY27 reached Rs 625.05 million, showing a YoY growth of 14.27% from Rs 546.98 million in Q1FY26. Sequentially, PAT fell by 40.99% from Rs 1,059.21 million in Q4FY26.
  • EBITDA for Q1FY27 was Rs 86.1 crore (Rs 861 million), an increase of 7.50% YoY from Rs 80.1 crore in Q1FY26.
  • Total comprehensive income for the period was Rs 622.64 million in Q1FY27, compared to Rs 547.17 million in Q1FY26 (up 13.79% YoY) and Rs 1,058.23 million in Q4FY26 (down 41.16% QoQ).

Standalone Financial Highlights:

  • Revenue from operations for Q1FY27 was Rs 2,642.40 million, declining by 22.21% YoY from Rs 3,396.65 million in Q1FY26 and by 45.75% QoQ from Rs 4,870.37 million in Q4FY26.
  • Total income in Q1FY27 was Rs 2,831.31 million, a decrease of 18.07% YoY from Rs 3,455.84 million in Q1FY26 and a 43.81% QoQ decline from Rs 5,038.37 million in Q4FY26.
  • Standalone PAT for Q1FY27 stood at Rs 425.14 million, a YoY decrease of 16.70% from Rs 510.40 million in Q1FY26, but reflecting a sequential growth of 4.67% from Rs 406.18 million in Q4FY26.

Business Highlights

  • Segment Performance (Consolidated):
    • Energy Segment: Revenue (before elimination) jumped to Rs 5,914.69 million in Q1FY27 from Rs 249.61 million in Q1FY26. Segment profit also saw a significant rise to Rs 737.65 million in Q1FY27 compared to Rs 23.04 million in Q1FY26.
    • Telecom Segment: Reported revenue of Rs 910.37 million in Q1FY27, down from Rs 3,636.78 million in Q1FY26. Segment profit for the period was Rs 280.67 million versus Rs 790.86 million in Q1FY26.
    • Others: Reported revenue of Rs 234.96 million in Q1FY27 with a segment profit of Rs 14.80 million.
  • The company's total executable order book stood robust at Rs 10,803.3 crore as of August 05, 2026.
  • The Energy segment's executable order book was Rs 8,453 crore, with overall Battery Energy Storage System (BESS) order visibility exceeding 5 GWh.
  • The Telecom & ICT executable order book stood at Rs 2,350.3 crore.
  • During Q1FY27, the company successfully delivered 90 BESS containers and operationalized an additional 2.5 GWh BESS manufacturing platform, bringing the total capacity to 5 GWh.
  • The company received an Advance Work Order worth Rs 264 crore from BSNL for the Sikkim Telecom Circle under the BharatNet programme.
  • Pace Digitek entered into a strategic Original Equipment Manufacturer (OEM) partnership with NEC XON Systems Proprietary Limited to expand BESS footprints in South African markets.
  • A strategic cooperation agreement was signed with MEGMEET Electrical India to support opportunities in AI data center power infrastructure.
  • The company established the Pace-Lineage Research Center in Pune, a dedicated R&D facility focused on Advanced Chemistry Cells (ACC) and energy storage technologies.

Maddisetty Venugopal Rao, Chairman & Managing Director, Pace Digitek said: “We have commenced FY2027 on a strong note, delivering Revenue from Operations of Rs 555.4 crore, reflecting a 51.3% year-on-year growth, driven by healthy execution across our Telecom & ICT and Energy businesses. Our executable order book remains robust at Rs 10,803.3 crore, providing strong revenue visibility and reinforcing confidence in our long-term growth trajectory.

During the quarter, we operationalized our 2.5 GWh BESS manufacturing facility, strengthened our EPC and execution capabilities, and continued to advance localization and backward integration initiatives. We also entered into a strategic OEM partnership with NEC XON to expand our BESS footprint across select African markets. Subsequent to the quarter, we commissioned an additional 2.5 GWh BESS manufacturing line, taking our total installed capacity to 5 GWh, and remain on track to expand it to 10 GWh. Backed by a strong order pipeline and growing opportunities across India's energy transition and digital infrastructure sectors, we remain focused on disciplined execution, operational excellence, and creating sustainable value for our stakeholders.”

Result PDF

Telecom Equipment company Optiemus Infracom announced Q1FY27 results

Consolidated Financial Highlights:

  • Revenue from Operations: The consolidated revenue stood at Rs 88,299.33 lakh in Q1FY27, representing a significant YoY growth of 102.36% from Rs 43,635.39 lakh in Q1FY26 and a QoQ growth of 82.07% from Rs 48,497.76 lakh in Q4FY26.
  • Total Income: The company reported a total income of Rs 89,390.04 lakh for Q1FY27, a YoY increase of 104.00% compared to Rs 43,817.91 lakh in Q1FY26 and an 77.62% increase QoQ from Rs 50,326.46 lakh in Q4FY26.
  • Net Profit Before Tax: Profit before tax reached Rs 2,824.37 lakh in Q1FY27, up 49.95% YoY from Rs 1,883.58 lakh in Q1FY26 and up 2.43% QoQ from Rs 2,757.36 lakh in Q4FY26.
  • Net Profit After Tax (PAT): The consolidated PAT for Q1FY27 was Rs 2,118.12 lakh, showing a YoY growth of 45.76% from Rs 1,453.14 lakh in Q1FY26, though it declined by 5.76% QoQ from Rs 2,247.49 lakh in Q4FY26.
  • Total Comprehensive Income: The total comprehensive income for the quarter was Rs 2,109.38 lakh in Q1FY27, compared to Rs 1,454.63 lakh in Q1FY26 and Rs 2,269.67 lakh in Q4FY26.
  • Earnings Per Share (EPS): The Basic EPS for Q1FY27 stood at Rs 2.39, increasing from Rs 1.67 in Q1FY26, but down from Rs 2.56 in Q4FY26.

Standalone Financial Highlights:

  • Revenue from Operations: Standalone revenue from operations was Rs 4,969.33 lakh in Q1FY27, marking a YoY decline of 63.12% from Rs 13,474.07 lakh in Q1FY26 and a QoQ decline of 63.20% from Rs 13,504.09 lakh in Q4FY26.
  • Total Income: Total income for the quarter was Rs 4,977.24 lakh in Q1FY27, down 63.07% YoY from Rs 13,477.01 lakh in Q1FY26 and down 65.31% QoQ from Rs 14,347.61 lakh in Q4FY26.
  • Net Profit After Tax (PAT): The standalone PAT was Rs 91.62 lakh in Q1FY27, a YoY decrease of 67.82% from Rs 284.72 lakh in Q1FY26 and an 86.60% decline QoQ from Rs 683.71 lakh in Q4FY26.

Business Highlights & Segment Performance:

  • Segment-wise Revenue Performance:
    • Trading & Distribution: Revenue from this segment was Rs 14,401.23 lakh in Q1FY27, compared to Rs 13,474.07 lakh in Q1FY26.
    • Manufacturing Business: This segment saw substantial growth with revenue reaching Rs 74,589.40 lakh in Q1FY27, compared to Rs 30,770.66 lakh in Q1FY26.
  • Subsidiary Performance - BIGTech: Bharat Innovative Glass Technologies Private Limited (BIGTech), which is in the pre-operative stage, incurred a Loss Before Tax of Rs 143.55 lakh and a Loss After Tax of Rs 143.55 lakh during Q1FY27 primarily due to initial setup and operational readiness expenses.
  • Subsidiary Performance - OUS: Optiemus Unmanned Systems Private Limited (OUS), currently in the product development phase, incurred a Loss Before Tax of Rs 137.30 lakh and a Loss After Tax of Rs 101.65 lakh in Q1FY27.
  • Legal Update (BlackBerry Litigation): The company is finalizing its defense and counterclaims against BlackBerry Limited, which are estimated to exceed USD 20 million. BlackBerry had previously made a settlement proposal to reduce its claim by 70%. Management believes it is not probable that a material liability will arise from this matter.

Result PDF

Telecom Services company Bharti Airtel announced Q1FY27 results

Consolidated Financial Highlights:

  • Total Revenue from Operations: The company reported consolidated revenue of Rs 585,391 million for Q1FY27, representing a YoY growth of 18.4% compared to Rs 494,626 million in Q1FY26 and a QoQ increase of 5.7% from Rs 553,832 million in Q4FY26.
  • Total Income: Total income for the quarter stood at Rs 594,457 million, up 18.96% YoY from Rs 499,714 million in Q1FY26 and up 5.66% QoQ from Rs 562,617 million in Q4FY26.
  • EBITDA: Consolidated EBITDA was Rs 335,986 million for Q1FY27, a YoY increase of 19.3% from Rs 281,668 million and a QoQ growth of 4.9% from Rs 320,382 million. The EBITDA margin improved to 57.4% in Q1FY27 compared to 56.9% in Q1FY26.
  • EBIT: Earnings Before Interest and Tax (EBIT) reached Rs 192,816 million, marking a YoY growth of 23.4% and a QoQ growth of 6.2%.
  • Profit Before Tax (PBT): PBT (after exceptional items) for Q1FY27 stood at Rs 137,728 million, up 31.11% YoY from Rs 105,044 million and up 37.11% QoQ from Rs 100,447 million.
  • Net Income (Before Exceptional Items): Net income before exceptional items was Rs 80,572 million, registering a YoY increase of 35.5% from Rs 59,479 million and a QoQ growth of 11.2% from Rs 72,449 million.
  • Net Profit (Reported): The reported net profit for the quarter was Rs 100,116 million, showing a YoY growth of 34.9% compared to Rs 74,218 million in Q1FY26 and a QoQ increase of 8.3% from Rs 92,474 million in Q4FY26.
  • Earnings Per Share (EPS): Basic EPS for Q1FY27 was Rs 13.38, compared to Rs 10.26 in Q1FY26 and Rs 12.53 in Q4FY26.

Standalone Financial Highlights:

  • Revenue from Operations: Standalone revenue for Q1FY27 was Rs 323,566 million, a growth of 10.6% YoY from Rs 292,492 million in Q1FY26 and a 3.4% increase QoQ from Rs 312,964 million in Q4FY26.
  • Net Profit: Standalone profit for the quarter reached Rs 54,275 million, representing a YoY growth of 44.2% from Rs 37,645 million and a massive sequential jump from Rs 13,445 million in Q4FY26.

Business Highlights:

  • Customer Base: The total customer base reached approximately 681 million across 15 countries, adding 14.9 million customers during the quarter.
  • Segment-wise Revenue Performance:
    • Mobile Services India: Rs 299,289 million, up 9.2% YoY.
    • Mobile Services Africa: Rs 175,657 million, representing solid revenue growth of 21.1% YoY in Constant Currency.
    • Airtel Business: Rs 56,654 million, up 12.0% YoY.
    • Passive Infrastructure Services: Rs 85,254 million, up 5.4% YoY.
    • Homes Services: Rs 22,875 million, up 33.2% YoY.
    • Digital TV Services: Rs 7,734 million, up 1.4% YoY.
  • ARPU Growth: India Mobile ARPU increased to Rs 264 in Q1FY27 compared to Rs 250 in Q1FY26 and Rs 257 in Q4FY26.
  • Postpaid Momentum: Airtel recorded its highest-ever quarterly postpaid customer additions of 1.0 million in Q1FY27, reaching a base of 30.0 million.
  • Network Expansion: Deployed 1,579 towers and 14,540 mobile broadband base stations during the quarter.
  • Airtel Africa Stake: Completed an EPS-accretive share swap transaction to increase the Group's effective shareholding in Airtel Africa PLC to over 79% from 62.62%.
  • Exceptional Items: Recognized an exceptional charge of Rs 3,534 million for a commercial dispute settlement in an African subsidiary, offset by an exceptional tax benefit of Rs 3,898 million from favorable orders on earlier business losses.
  • Indus Towers Consolidation: Pursuant to the consolidation of Indus Towers Limited effective November 19, 2024, financial information has been re-casted to ensure comparability.

Gopal Vittal, Executive Vice Chairman, said: We delivered yet another quarter of strong performance, supported by the resilience of our diversified portfolio and sharp execution across businesses. Consolidated revenue rose 5.7% sequentially to Rs 58,539 crore with strong growth momentum across India and Africa. India revenue increased 4.2% sequentially while Africa delivered 5.7% constant currency growth. During the quarter, we completed a large and an EPS accretive share swap transaction to increase our stake in Airtel Africa to over 79%. This is a strong reflection of our conviction in Africa’s long-term growth potential and the significant opportunities across our businesses.

India Mobile achieved sequential growth of 3.8%, driven by continued portfolio mix improvement. Our postpaid strategy continues to deliver strong outcomes with the highest ever customer additions of 1 million. We added 5 million smartphone customers with an industry leading ARPU of Rs 264.

The Homes business saw strong momentum with revenue growth of 4.4% QoQ and 473 K customer additions, underpinned by our focus on quality acquisitions and driving convergence.

Airtel Business also delivered 3.2% sequential revenue growth, led by strong performance across the portfolio.

Our balance sheet remains strong, reflecting disciplined capital allocation and focused investments to future-proof Airtel.

Result PDF

Telecom Services company Bharti Hexacom announced Q1FY27 results

Financial Highlights:

  • Total Income: The company reported a total income of Rs 25,820 million in Q1FY27, reflecting a YoY growth of 11.75% compared to Rs 23,105 million in Q1FY26. On a QoQ basis, total income increased by 3.64% from Rs 24,913 million in Q4FY26.
  • Revenue from Operations: Revenue stood at Rs 25,099 million in Q1FY27, marking an increase of 10.91% YoY from Rs 22,630 million in Q1FY26. Sequentially, revenue grew by 3.99% from Rs 24,137 million in Q4FY26.
  • Profit Before Tax: The company recorded a profit before tax of Rs 6,530 million in Q1FY27, a YoY increase of 23.96% from Rs 5,268 million in Q1FY26. It also registered a QoQ growth of 7.72% compared to Rs 6,062 million in Q4FY26.
  • Net Profit: Profit for the period was Rs 4,824 million in Q1FY27, up 23.19% YoY from Rs 3,916 million in Q1FY26. On a sequential basis, net profit grew by 7.99% from Rs 4,467 million in Q4FY26.
  • Total Comprehensive Income: Total comprehensive income for Q1FY27 was Rs 4,821 million, compared to Rs 3,913 million in Q1FY26 (up 23.20% YoY) and Rs 4,469 million in Q4FY26 (up 7.88% QoQ).
  • Earnings Per Share (EPS): Basic and diluted earnings per share stood at Rs 9.65 in Q1FY27, compared to Rs 7.83 in Q1FY26 and Rs 8.93 in Q4FY26.

Business Highlights:

  • Segment-wise Performance:
    • Mobile Services: This segment recorded a revenue of Rs 23,953 million in Q1FY27, showing a YoY growth of 9.29% from Rs 21,916 million in Q1FY26 and a QoQ growth of 3.74% from Rs 23,089 million in Q4FY26. The segment results (profit before finance costs, charity, exceptional items, and tax) for Mobile Services stood at Rs 7,828 million in Q1FY27.
    • Homes, Office and Other Services: Revenue for this segment grew significantly by 61.35% YoY to Rs 1,265 million in Q1FY27 from Rs 784 million in Q1FY26. On a QoQ basis, it grew by 7.93% from Rs 1,172 million in Q4FY26. The segment reported a minor loss of Rs 4 million in Q1FY27.
    • Segment Assets: Total segment assets for Mobile Services were Rs 173,705 million, while Homes, Office and Other Services held assets worth Rs 17,320 million as of Q1FY27.
    • Segment Liabilities: Segment liabilities for Mobile Services stood at Rs 93,484 million, and for Homes, Office and Other Services at Rs 4,368 million as of Q1FY27.

Result PDF

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