Indus Towers Ltd

In a regulatory filing issued on 3 November 2025, Bharti Airtel said that a special committee of directors had granted an enabling approval to acquire up to an additional 5% stake in Indus Towers, to be executed over time in one or more tranches. Given its strategic importance, it is prudent for the parent company, Bharti Airtel, to continuously evaluate opportunities of consolidating its stake in Indus Towers, while maintaining its cash flow requirements for business capital expenditures and dividend payments, the telecom major said in the filing. Airtel also clarified that any such acquisition would depend on prevailing market conditions, including liquidity and price, and would be in compliance with all applicable laws. As of the September quarter, Bharti Airtel held a 51.03% stake in Indus Towers. Meannwhile, Indus Towers shares jumped 5.21% on 3 November 2025, after the Supreme Court on Monday clarified that the Union government can reassess and reconcile all Adjusted Gross Revenue (AGR) dues of Vodafone Idea up to FY2016-17 in line with the Deduction Verification Guidelines of February 2020, correcting an earlier order that appeared to limit the review to only 'additional' dues. The clarification came after Vodafone Idea's plea, with the company's counsel emphasizing it had sought a comprehensive reconciliation. The court had earlier left it to the Centre to decide on the AGR demand, with Solicitor General Tushar Mehta noting a 'huge change in circumstances' as the government now holds a 49% equity stake in the telecom operator. The ruling was viewed as a major positive for Indus Towers, given Vodafone Idea's significant contribution to its revenue and the potential resumption of dividend payouts once financial pressures ease. 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 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. Powered by Capital Market - Live

Indus Towers Ltd rose 3.25% today to trade at Rs 395.15. The BSE Telecommunication index is up 1.13% to quote at 3115.16. The index is up 8.92 % over last one month. Among the other constituents of the index, Bharti Hexacom Ltd increased 2.44% and Bharti Airtel Ltd added 2.21% on the day. The BSE Telecommunication index went up 9.77 % over last one year compared to the 6.62% surge in benchmark SENSEX. Indus Towers Ltd has added 11.72% over last one month compared to 8.92% gain in BSE Telecommunication index and 3.44% rise in the SENSEX. On the BSE, 1.1 lakh shares were traded in the counter so far compared with average daily volumes of 3.64 lakh shares in the past one month. The stock hit a record high of Rs 429.9 on 03 Jul 2025. The stock hit a 52-week low of Rs 312.6 on 03 Sep 2025.Powered by Capital Market - Live

The company said that Q2 FY26 had a write back of Rs 195 crore in provision for doubtful receivables, aided by collections against past overdue. Consolidated EBITDA for Q2 FY26 was Rs. 4,613 crore, down 6.0% YoY. EBITDA margin for the period under review was 56.3%. Profit before tax in Q2 FY26 stood at Rs 2,478 crore, down by 16.8% from Rs 2,980 crore posted in Q2 FY25. Operating free cash flow for the September 2025 quarter was Rs 1,039 crore as against Rs 2,545 crore recorded in the September 2024 quarter. The company had a total tower base of 256,074 units, with closing sharing factor of 1.62 as on 30 September 2025. Prachur Sah, managing director and CEO, Indus Towers, said: 'We are pleased to report another quarter of solid performance driven by healthy tower additions and the strengthening of our market presence. Our sharp focus on cost efficiency has been contributing to steady improvement in our profitability. The quarter also marked announcement of our plan to foray into Africa, a strategic step towards supplementing our long-term growth by extending Indus Towers' proven execution capabilities to new high-potential markets.' 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 presence in all 22 telecom circles. The scrip rose 2.89% to currently trade at Rs 382.10 on the BSE. Powered by Capital Market - Live

Indus Towers Ltd gained 1.86% today to trade at Rs 378.25. The BSE Telecommunication index is up 0.89% to quote at 3113.4. The index is up 10.35 % over last one month. Among the other constituents of the index, Vodafone Idea Ltd increased 1.1% and Mahanagar Telephone Nigam Ltd added 0.81% on the day. The BSE Telecommunication index went up 7.66 % over last one year compared to the 6.07% surge in benchmark SENSEX. Indus Towers Ltd has added 9.18% over last one month compared to 10.35% gain in BSE Telecommunication index and 5.51% rise in the SENSEX. On the BSE, 75295 shares were traded in the counter so far compared with average daily volumes of 2.7 lakh shares in the past one month. The stock hit a record high of Rs 429.9 on 03 Jul 2025. 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 17.28% to Rs 1839.30 crore in the quarter ended September 2025 as against Rs 2223.50 crore during the previous quarter ended September 2024. Sales rose 9.68% to Rs 8188.20 crore in the quarter ended September 2025 as against Rs 7465.30 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales8188.207465.30 10 OPM %55.8465.15 - PBDT4279.204560.20 -6 PBT2478.402980.10 -17 NP1839.302223.50 -17 Powered by Capital Market - Live

Indus Towers will hold a meeting of the Board of Directors of the Company on 27 October 2025.Powered by Capital Market - Live

Indus Towers Ltd lost 1.01% today to trade at Rs 352.6. The BSE Telecommunication index is down 0.29% to quote at 2886.62. The index is down 0.24 % over last one month. Among the other constituents of the index, Suyog Telematics Ltd decreased 0.53% and Tata Teleservices (Maharashtra) Ltd lost 0.42% on the day. The BSE Telecommunication index went down 10.23 % over last one year compared to the 3.27% fall in benchmark SENSEX. Indus Towers Ltd has lost 0.25% over last one month compared to 0.24% fall in BSE Telecommunication index and 1.03% rise in the SENSEX. On the BSE, 492 shares were traded in the counter so far compared with average daily volumes of 6.09 lakh shares in the past one month. The stock hit a record high of Rs 429.9 on 03 Jul 2025. The stock hit a 52-week low of Rs 312.6 on 03 Sep 2025.Powered by Capital Market - Live

The Nifty September 2025 futures closed at 24,820 a premium of 104.95 points compared with the Nifty's closing at 24,715.05 in the cash market. In the cash market, the Nifty 50 index advanced 135.45 points or 0.55% to 24,715.05. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 4.12% to 10.93. Indus Towers, Tata Steel and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE. The September 2025 F&O contracts will expire on 30 September 2025.Powered by Capital Market - Live

The board cleared plans to enter Nigeria, Uganda, and Zambia, citing growth potential in emerging geographies. The company said the move would help diversify revenues, enhance operational scalability, and create long-term value. Indus Towers plans to leverage its strong financial position and anchor customer relationship with Bharti Airtel to build a competitive presence in these regions. Future expansion into other African markets where Airtel operates is also under evaluation. However, the announcement failed to excite investors. Market participants flagged potential challenges including regulatory hurdles, political instability, economic volatility, and currency fluctuations across African nations. Analysts also pointed out that managing operations across multiple geographies could inflate costs, strain resources, and complicate compliance. Indus Towers has not declared a dividend since May 2022, citing pending dues from its key client Vodafone Idea. Earlier this year, expectations of a bonus issue or share buyback were also dampened after the company postponed its May board meeting, adding to investor concerns. Indus Towers provides tower and related infrastructure and deploys, owns and manages telecom towers and communication structures for various mobile operators. As on June 2025, Bharti Airtel owned 50% stake in the company. The company reported 9.8% fall in consolidated net profit to Rs 1,736.8 crore in Q1 FY26 from Rs 1,925.9 crore recorded in Q1 FY25. Revenue from operations, however, increased by 9.1% YoY to Rs 8,057.6 crore in the June'25 quarter. Powered by Capital Market - Live

Indus Towers Ltd lost 3.52% today to trade at Rs 317.7. The BSE Telecommunication index is down 0.28% to quote at 2764.92. The index is down 3.69 % over last one month. Among the other constituents of the index, Tata Teleservices (Maharashtra) Ltd decreased 1.5% and Suyog Telematics Ltd lost 0.5% on the day. The BSE Telecommunication index went down 15.45 % over last one year compared to the 2.74% fall in benchmark SENSEX. Indus Towers Ltd has lost 8.19% over last one month compared to 3.69% fall in BSE Telecommunication index and 0.89% drop in the SENSEX. On the BSE, 1.97 lakh shares were traded in the counter so far compared with average daily volumes of 1.26 lakh shares in the past one month. The stock hit a record high of Rs 460.7 on 02 Sep 2024. The stock hit a 52-week low of Rs 312.65 on 03 Mar 2025.Powered by Capital Market - Live