Indus Towers Ltd

Indus Towers announced that the 20th Annual General Meeting(AGM) of the company will be held on 19 August 2026.

Revenue from operations rose 4.64% year on year to Rs 8,431.1 crore in the first quarter of FY27 from Rs 8,057.6 crore a year earlier. Consolidated EBITDA stood at Rs 4,521 crore, marking a 3% increase over the previous year, with an EBITDA margin of 53.6%. Profit before tax (PBT) rose 0.58% year on year to Rs 2,347.4 crore in Q1 FY27 from Rs 2,333.8 crore in Q1 FY26. As of 30 June 2026, Indus Towers' total tower base stood at 267,611, up 6.3% year on year. The company said Q1 FY26 included a write-back of Rs 88 crore in provision for doubtful receivables, aided by collections against past overdue. Operating free cash flow for the quarter jumped 23.4% to Rs 1,781 crore, compared to Rs 1,444 crore in the same period last year. Prachur Sah, managing director and CEO, Indus Towers, said: 'Despite supply chain disruptions arising from geopolitical developments, we delivered a resilient performance, supported by customer-led network expansion, disciplined cost management, and strong cash flow generation. Our investments in digital transformation, AI-led capabilities, and energy management are strengthening operational agility, productivity, and service delivery. Progressing well on our international expansion, we have secured licenses across all three target markets in Africa and remain on track to commence rollouts in 2026. As demand for digital infrastructure continues to rise, we believe our differentiated value proposition, execution excellence and technology-led approach position us well to capitalize on growth opportunities and create long-term value for our shareholders.' 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 267,611 telecom towers makes it one of the largest tower infrastructure providers in the country, with a presence in all 22 telecom circles. The scrip rose 0.04% to Rs 386.85 on the BSE.Powered by Capital Market - Live

Net profit of Indus Towers rose 0.52% to Rs 1745.80 crore in the quarter ended June 2026 as against Rs 1736.80 crore during the previous quarter ended June 2025. Sales rose 4.64% to Rs 8431.10 crore in the quarter ended June 2026 as against Rs 8057.60 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales8431.108057.60 5 OPM %53.1154.48 - PBDT4241.004038.10 5 PBT2347.402333.80 1 NP1745.801736.80 1 Powered by Capital Market - Live

Indus Towers will hold a meeting of the Board of Directors of the Company on 27 July 2026.

The appointment is on a full-time employment basis, with terms and conditions governed by the company's Nomination, Remuneration and Board Diversity Policy, along with applicable HR policies. Maheshwari is a seasoned finance professional with over 21 years of experience across business partnering, strategic planning, budgeting, financial reporting, investor relations, mergers and acquisitions, taxation, compliance, internal controls, and business modelling. He currently leads the finance function for Airtel's B2B business as CFO. Earlier, he served as CFO of Airtel's Direct to Home (DTH) business for over four years and also headed finance for Airtel's AP & MPCG operations across mobile, telemedia, and DTH businesses. During his career at Airtel, Maheshwari has held several leadership roles spanning business planning, analytics, consolidation, taxation, investor relations, and management reporting. He has also worked with Maruti Udyog Limited in budgeting and cost reporting roles and began his career with Lodha & Company, handling statutory audits, tax audits, and consulting assignments for large corporates. Maheshwari holds a Bachelor of Commerce (Honours) degree and is a qualified Chartered Accountant from the Institute of Chartered Accountants of India (ICAI), having completed his CA qualification in 2005. 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. Indus Towers reported a marginal increase in its consolidated net profit for the fourth quarter of FY26, with profit after tax (PAT) rising to Rs 1,792.9 crore from Rs 1,779.1 crore in the corresponding quarter last year. The company's revenue from operations grew 4.83% year-on-year to Rs 8,101 crore for the quarter ended 31 March 2026. Powered by Capital Market - Live

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.