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Informist, Monday, Jul. 27, 2026

 

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--Indus Towers Apr-Jun consol net profit INR 17.46 bln 
--Analysts saw Indus Towers Apr-Jun consol net profit at INR 17.96 bln 
--Indus Towers Apr-Jun consol revenue INR 84.31 bln 
--Analysts saw Indus Towers Apr-Jun consol revenue at INR 83.83 bln 
--Indus Towers Apr-Jun consol PAT INR 17.46 bln vs INR 17.93 bln qtr ago 
--Indus Towers Apr-Jun consol revenue INR 84.31 bln vs INR 81.01 bln qtr ago 

--Indus Towers Apr-Jun consol EBITDA INR 45.21 bln, up 3% on year 

--Indus Towers Apr-Jun consol EBITDA margin 53.6% 

--Indus Towers Apr-Jun consol EBIT INR 25.89 bln vs INR 26.45 bln yr ago 

--Indus Towers towers base 267,611 units on Jun 30 vs 264,514 units qtr ago 

--Indus Towers Q1 co-location base 432,250 units vs 428,014 units qtr ago 

--Indus Towers Q1 sharing revenue/tower INR 66,416/mo vs INR 66,604 qtr ago 

--Indus Towers Q1 sharing revenue/tower per month INR 66,416, dn 0.3% QoQ 

--Indus Towers Q1 sharing revenue/operator tower INR 41,082/mo vs INR 41,078 

--Indus Towers MD: Secured licences across 3 target markets in Africa 

--Indus Towers MD: To commence rollouts across Africa markets in 2026 

 

NEW DELHI – Indus Towers Ltd. Monday posted a marginal sequential decline in consolidated net profit for the June quarter despite a moderate rise in revenues as total expenses rose much faster. The top line surpassed the Street's estimate, but the bottom line missed the already lukewarm expectation.

 

The Bharti Airtel subsidiary's bottom line returned to sequential decline in the June quarter after passing over to growth territory in the trailing quarter. The top line, on the other hand, grew in Apr-Jun after declining for two consecutive quarters.

 

The telecommunications infrastructure provider's consolidated net profit for the June quarter declined 2.6% sequentially to INR 17.46 billion. This, however, marked year-on-year growth of 0.5%. Analysts' consensus estimate had pegged the bottom line for the quarter at INR 17.96 billion.

 

The company's consolidated revenues for the quarter rose over 4% sequentially as well as on year to INR 84.31 billion. This was slightly higher than the INR 83.83 billion anticipated by the Street.

 

A sequential fall in other income for the June quarter also dented the company's bottom line. The metric fell about 22% sequentially to INR 1.21 billion for the quarter.

 

The total expenses of the mobile tower installation company rose nearly 8% sequentially and almost 7% on year to INR 39.10 billion in the quarter under review. Its largest expense item, power and fuel costs, rose nearly 11% sequentially and over 4% on year to INR 31.95 billion. Analysts had expected a seasonal increase.

 

"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," Indus Towers Managing Director and Chief Executive Officer Prachur Sah was quoted as saying in a press release. Providing an update on the company's foray into Africa, Sah said Indus Towers has secured licences across all three target markets in the region and remains on track to begin rollouts this year.

 

Indus Towers net added 3,097 macro towers in the June quarter to take its overall base to 267,611 as of Jun. 30. The sharing revenue per tower fell to INR 66,416 per month for the reporting quarter from INR 66,604 per month in the preceding quarter. The sharing revenue per sharing operator was largely flat sequentially at IN 41,082 per month.

 

Analysts had expected sequentially lower tower additions for the June quarter due to supply-chain disruptions stemming from constrained gas supply for tower fabrication because of the war in West Asia. They had also pegged a quarterly decline in average revenue per tower per month due to "a dilutive mix of new site additions".

 

Indus Towers net added 4,236 macro co-locations during the quarter to arrive at a base of 432,250 by the end of the three months. Meanwhile, the number of lean co-locations declined by 20 to stand at 14,024 as of Jun. 30. 

 

In the March quarter, the company had net added 4,892 macro towers and 6,192 macro co-locations. Co-location is the practice of mounting telecom antennas of multiple carriers or operators on the same tower.

 

The consolidated earnings before interest, tax, depreciation, and amortisation of Indus Towers rose 3% on year to INR 45.21 billion for the June quarter. The consolidated EBITDA margin for the quarter was 53.6%. The consolidated earnings before interest and tax, or EBIT, for the quarter declined 2.1% on year to INR 25.89 billion. This EBIT calculation did not include other income, the company said. 

 

For the March quarter, Indus Towers had recorded a consolidated EBITDA of INR 44.64 billion and a consolidated EBITDA margin of 55.1%. Its EBIT for Jan-Mar had added up to INR 25.86 billion.

 

Investors will react to the June-quarter earnings of Indus Towers on Tuesday as the company detailed its results after market hours. Monday, shares of the company ended at INR 387.40 on the National Stock Exchange, down 1.8% from Friday.  End

 

Edited by Rajeev Pai

 

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