Indus Towers Ltd

The company's revenue from operations grew 4.83% year-on-year to Rs 8,101 crore for the quarter ended 31 March 2026. Consolidated EBITDA stood at Rs 4,464 crore, marking a 1.6% increase over the previous year, with an EBITDA margin of 55.1%. Profit before tax (PBT) came in at Rs 2,365.3 crore, remaining largely flat compared to Rs 2,363 crore reported in Q4 FY25. As of March end 2026, Indus Towers' total tower base stood at 264,514 units, with a closing sharing factor of 1.62. The company noted that the corresponding quarter last year included a Rs 226 crore write-back in provisions for doubtful receivables, aided by collections against past overdue. Operating free cash flow for the quarter declined 15.3% to Rs 1,066 crore, compared to Rs 1,257 crore in the same period last year. On a full-year basis, the company reported a 28.05% decline in consolidated net profit to Rs 7,144.9 crore, despite a 7.86% increase in revenue to Rs 32,493.1 crore. Prachur Sah, managing director and CEO, Indus Towers, said: 'FY26 was a year of strong and well-rounded performance for Indus Towers, driven by healthy colocation additions and continued network expansion by our customers. Improvement in the operating environment, supported by government measures, has strengthened sector stability and our business outlook. We have advanced our growth agenda, including foray into Africa, while maintaining a disciplined approach to capital allocation and long-term value creation. Reflecting improved business visibility and a strong financial position, the Board has recommended a final dividend of Rs. 14 per share. The company has institutionalised a strong culture of operational excellence, innovation and transformation, which was pivotal to our digital and AI-led initiatives in FY26, enhancing operational visibility and network scalability. These capabilities, together with our leadership position and agility, enable us to capitalise on emerging opportunities.' Indus Towers is India's leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures for various mobile operators. The company's portfolio of 264,514 telecom towers makes it one of the largest tower infrastructure providers in the country with a presence in all 22 telecom circles. The scrip shed 0.85% to Rs 410.15 on the BSE. Powered by Capital Market - Live

Indus Towers announced that the Board of Directors of the Company at its meeting held on 30 April 2026, inter alia, have recommended the final dividend of Rs 14 per equity Share (i.e. 140%) , subject to the approval of the shareholders.

Net profit of Indus Towers rose 0.78% to Rs 1792.90 crore in the quarter ended March 2026 as against Rs 1779.10 crore during the previous quarter ended March 2025. Sales rose 4.84% to Rs 8101.00 crore in the quarter ended March 2026 as against Rs 7727.10 crore during the previous quarter ended March 2025. For the full year,net profit declined 28.06% to Rs 7144.90 crore in the year ended March 2026 as against Rs 9931.70 crore during the previous year ended March 2025. Sales rose 7.87% to Rs 32493.10 crore in the year ended March 2026 as against Rs 30122.80 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales8101.007727.10 5 32493.1030122.80 8 OPM %54.6156.88 -54.8269.20 - PBDT4203.104056.00 4 16738.6019555.80 -14 PBT2365.302363.00 0 9597.8013153.70 -27 NP1792.901779.10 1 7144.909931.70 -28 Powered by Capital Market - Live

Indus Towers has incorporated a wholly owned subsidiary by the name 'Indus Towers Global Ventures IFSC' in Gujarat International Finance Tec-City (GIFT City), Gujarat, India as per the Certificate of Incorporation issued on 28 April 2026.

The company said the board will meet to consider and approve its audited financial results for the fourth quarter and full year ended 31 March 2026. However, the announcement did not include any proposal for dividend or share buyback, which weighed on investor sentiment. The company has not declared a dividend for the past three years. Its last dividend was an interim payout of Rs 11 per share in May 2022. It also has not announced any buyback since August 2024, when it repurchased shares worth Rs 2,640 crore at Rs 465 per share through a tender offer. Investor caution has also been influenced by a recent downgrade by a foreign brokerage, which assigned an 'Underperform' rating with a target price of Rs 375. The brokerage cited risks from a large wave of tower contract renewals over H2CY26 and H1CY27, potential pricing pressure, and elevated capital expenditure. It also flagged slower industry growth and reduced tower additions, which could intensify competition and weaken bargaining power during contract renewals. The brokerage expects modest earnings growth, weaker cash flows and lower dividend payouts, limiting upside potential for the stock. Indus Towers is India's leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures, for various mobile operators. The company's portfolio of 259,622 telecom towers makes it one of the largest tower infrastructure providers in the country with presence in all 22 telecom circles. Indus Towers caters to all wireless telecommunication service providers in India. On a consolidated basis, Indus Towers' net profit declined 55.64% to Rs 1775.90 crore while net sales rose 7.94% to Rs 8146.30 crore in Q3 December 2025 over Q3 December 2024.

Indus Towers Ltd gained 0.57% today to trade at Rs 469.15. The BSE Teck index is up 0.3% to quote at 16639.71. The index is down 11.13 % over last one month. Among the other constituents of the index, Wipro Ltd increased 0.49% and HCL Technologies Ltd added 0.45% on the day. The BSE Teck index went down 11.85 % over last one year compared to the 8.61% surge in benchmark SENSEX. Indus Towers Ltd has added 8.14% over last one month compared to 11.13% fall in BSE Teck index and 1.3% drop in the SENSEX. On the BSE, 6256 shares were traded in the counter so far compared with average daily volumes of 5.79 lakh shares in the past one month. The stock hit a record high of Rs 475 on 12 Feb 2026. The stock hit a 52-week low of Rs 312.6 on 03 Sep 2025.Powered by Capital Market - Live

Net profit of Indus Towers declined 55.64% to Rs 1775.90 crore in the quarter ended December 2025 as against Rs 4003.20 crore during the previous quarter ended December 2024. Sales rose 7.94% to Rs 8146.30 crore in the quarter ended December 2025 as against Rs 7547.40 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales8146.307547.40 8 OPM %54.8592.19 - PBDT4218.206787.30 -38 PBT2420.305218.80 -54 NP1775.904003.20 -56 Powered by Capital Market - Live

Indus Towers will hold a meeting of the Board of Directors of the Company on 2 February 2026.Powered by Capital Market - Live

Indus Towers announced that its step-down subsidiaries, Indus Towers Management FZE and Indus Towers Investment FZE have incorporated subsidiaries in Nigeria and Zambia, namely Indus Towers Nigeria and Indus Towers Infra Zambia, respectively, as per the Certificates of Incorporation issued on 15 January 2026. The object of these subsidiaries is to carry on the business of establishing, erecting, installing, operating, managing, and maintaining telecommunication towers, masts, poles, antennas, and other related infrastructure for telecommunication, broadcasting, or wireless communication purposes, along with such other objects as specified in the Memorandum of Association.Powered by Capital Market - Live

The company said the certificate of incorporation was issued on 8 December 2025. The newly formed entity will, inter alia, evaluate investment opportunities in African markets, beginning with Nigeria, Uganda, and Zambia, with a focus on investment in commercial enterprises and management services. The subsidiary's initial share capital will be contributed in cash at face value, comprising 300 shares of AED 1,000 each. Indus Towers confirmed that the new entity qualifies as a related party by virtue of being a wholly-owned subsidiary. Apart from this, the company stated that its promoters, promoter group, and group companies have no additional interest in the transaction. Indus Towers is India's leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures for various mobile operators. The company's portfolio of 256,074 telecom towers makes it one of the largest tower infrastructure providers in the country with a presence in all 22 telecom circles. Indus Towers caters to all wireless telecommunication service providers in India. On a consolidated basis, Indus Towers reported a profit after tax of Rs 1,839 crore, down 17.3% year-on-year, while revenue rose 9.7% year-on-year to Rs 8,188 crore. The counter rose 0.07% to Rs 402.55 on the BSE. Powered by Capital Market - Live