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Indus Towers Results: Latest Quarterly Results & Analysis

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Indus Towers Ltd. 27 Oct 2026 18:38 PM

Q2FY27 Quarterly Result Announced for Indus Towers Ltd.

Telecom Services company Indus Towers announced Q2FY27 results

Consolidated Financial Highlights:

  • Revenue from operations stood at Rs 85,156 million for Q2FY27, showing a QoQ increase of 1.00% compared to Rs 84,311 million in Q1FY27 and a YoY increase of 4.00% compared to Rs 81,882 million in Q2FY26; for H1FY27, it reached Rs 1,69,467 million, up 4.31% YoY from Rs 1,62,458 million in H1FY26.
  • Finance income (Interest Earned) stood at Rs 1,131 million for Q2FY27, down 11.08% QoQ compared to Rs 1,272 million in Q1FY27 but up 30.60% YoY compared to Rs 866 million in Q2FY26; for H1FY27, it was Rs 2,403 million, representing an increase of 45.81% YoY from Rs 1,648 million in H1FY26.
  • Total income reached Rs 86,218 million for Q2FY27, expanding by 0.82% QoQ against Rs 85,513 million in Q1FY27 and growing by 4.24% YoY against Rs 82,711 million in Q2FY26; for H1FY27, total income stood at Rs 1,71,741 million, up 4.63% YoY compared to Rs 1,64,138 million in H1FY26.
  • Profit before tax (PBT) was recorded at Rs 24,112 million for Q2FY27, up 2.72% QoQ from Rs 23,474 million in Q1FY27 but down 2.71% YoY from Rs 24,784 million in Q2FY26; for H1FY27, PBT stood at Rs 47,586 million, a decrease of 1.11% YoY compared to Rs 48,122 million in H1FY26.
  • Profit after tax (PAT) stood at Rs 17,928 million for Q2FY27, reflecting a QoQ increase of 2.69% over Rs 17,458 million in Q1FY27 and a YoY decline of 2.53% against Rs 18,393 million in Q2FY26; for H1FY27, PAT was Rs 35,386 million, down 1.05% YoY from Rs 35,761 million in H1FY26.
  • Earnings per share (EPS) was Rs 6.80 in Q2FY27, rising 2.72% QoQ from Rs 6.62 in Q1FY27 and dropping 2.44% YoY from Rs 6.97 in Q2FY26; for H1FY27, EPS stood at Rs 13.42, down 1.03% YoY against Rs 13.56 in H1FY26.

Standalone Financial Highlights:

  • Revenue from operations stood at Rs 85,150 million for Q2FY27, increasing by 1.00% QoQ compared to Rs 84,311 million in Q1FY27 and increasing by 3.99% YoY compared to Rs 81,882 million in Q2FY26; for H1FY27, it was Rs 1,69,461 million, up 4.31% YoY from Rs 1,62,458 million in H1FY26.
  • Finance income (Interest Earned) stood at Rs 1,136 million for Q2FY27, decreasing by 10.97% QoQ from Rs 1,276 million in Q1FY27 and growing by 31.18% YoY from Rs 866 million in Q2FY26; for H1FY27, it was Rs 2,412 million, higher by 46.36% YoY than Rs 1,648 million in H1FY26.
  • Total income reached Rs 86,212 million for Q2FY27, up 0.81% QoQ vs Rs 85,523 million in Q1FY27 and up 4.23% YoY vs Rs 82,711 million in Q2FY26; for H1FY27, total income stood at Rs 1,71,735 million, showing a 4.63% YoY growth compared to Rs 1,64,138 million in H1FY26.
  • Profit before tax (PBT) was recorded at Rs 24,185 million for Q2FY27, increasing by 3.05% QoQ from Rs 23,470 million in Q1FY27 but down 2.27% YoY from Rs 24,748 million in Q2FY26; for H1FY27, PBT stood at Rs 47,655 million, decreasing by 0.83% YoY compared to Rs 48,054 million in H1FY26.
  • Profit after tax (PAT) was Rs 17,986 million for Q2FY27, displaying a 3.05% QoQ improvement against Rs 17,454 million in Q1FY27 and a 2.07% YoY decrease against Rs 18,366 million in Q2FY26; for H1FY27, PAT stood at Rs 35,440 million, reflecting a YoY drop of 0.76% from Rs 35,710 million in H1FY26.
  • Earnings per share (EPS) reached Rs 6.82 for Q2FY27, increasing by 3.02% QoQ from Rs 6.62 in Q1FY27 and decreasing by 2.01% YoY from Rs 6.96 in Q2FY26; for H1FY27, EPS was Rs 13.43, down 0.81% YoY compared to Rs 13.54 in H1FY26.

Result PDF

Telecom Services company Indus Towers announced Q1FY27 results

Consolidated Financial Highlights:

  • Revenue from operations for Q1FY27 stood at Rs 84,311 million, showing a growth of 4.07% from Rs 81,010 million in Q4FY26 and a 4.64% increase from Rs 80,576 million in Q1FY26.
  • Total income for the company in Q1FY27 was Rs 85,523 million, compared to Rs 82,562 million in Q4FY26 (up 3.59%) and Rs 81,427 million in Q1FY26 (up 5.03%).
  • Profit before tax for Q1FY27 was reported at Rs 23,474 million, a slight decrease of 0.76% from Rs 23,653 million in Q4FY26, but an increase of 0.58% over Rs 23,338 million in Q1FY26.
  • Net profit for Q1FY27 reached Rs 17,458 million, representing a decline of 2.63% from Rs 17,929 million in Q4FY26, while showing a marginal growth of 0.52% compared to Rs 17,368 million in Q1FY26.
  • Total comprehensive income for Q1FY27 was Rs 17,462 million, as against Rs 17,952 million in Q4FY26 and Rs 17,368 million in Q1FY26.
  • Basic and Diluted Earnings Per Share (EPS) for Q1FY27 stood at Rs 6.62, compared to Rs 6.80 in Q4FY26 and Rs 6.59 in Q1FY26.

Standalone Financial Highlights:

  • Revenue from operations in Q1FY27 was Rs 84,311 million, recording a growth of 4.07% over Rs 81,010 million in Q4FY26 and a 4.64% increase over Rs 80,576 million in Q1FY26.
  • Total income for Q1FY27 stood at Rs 85,523 million, up by 3.58% from Rs 82,565 million in Q4FY26 and up 5.03% from Rs 81,427 million in Q1FY26.
  • Profit before tax for Q1FY27 was Rs 23,470 million, showing a decrease of 0.55% from Rs 23,601 million in Q4FY26, and an increase of 0.70% from Rs 23,306 million in Q1FY26.
  • Net profit for Q1FY27 was Rs 17,454 million, a decline of 2.46% from Rs 17,894 million in Q4FY26, and an increase of 0.63% from Rs 17,344 million in Q1FY26.

Business Highlights:

  • ESOP Transfers: During Q1FY27, the Indus Towers Employees Welfare Trust transferred 12,738 equity shares to employees upon the exercise of stock options. As of June 30, 2026, the Trust holds 960,215 shares of the Company.
  • Customer Concentration: A large customer of the Group accounts for a significant portion of the revenue from operations and outstanding trade receivables as of June 30, 2026.
  • Entity Updates: The consolidated results for the quarter include new entities such as Indus Towers Global Ventures IFSC Limited (incorporated on April 28, 2026), alongside other subsidiaries in Dubai, Uganda, Zambia, and Nigeria.

Prachur Sah, Managing Director & 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."

Result PDF

Telecom Services company Indus Towers announced Q4FY26 & FY26 results

Q4FY26 Consolidated Financial Highlights:

  • Total Tower base of 264,514 with closing sharing factor of 1.62.
  • Consolidated Revenues at Rs 8,101 crore, up 4.8% YoY.
  • Consolidated EBITDA at Rs 4,464 crore, up 1.6% YoY.
  • Consolidated Profit after Tax at Rs 1,793 crore, up 0.8% YoY.

FY26 Consolidated Financial Highlights:

  • Consolidated Revenues at Rs 32,493 crore, up 7.9% YoY.
  • Consolidated EBITDA at Rs 17,976 crore, down 13.8% YoY.
  • Consolidated Profit after Tax at Rs 7,145 crore, down 28.1% YoY.

Prachur Sah, Managing Director & 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 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.”

Result PDF

Telecom Services company Indus Towers announced Q3FY26 results

  • Total Tower base of 2,59,622 with closing sharing factor of 1.62.
  • Consolidated Revenues at Rs 8,146 crore, up 7.9% YoY.
  • Consolidated EBITDA at Rs 4,509 crore, down 35.6% YoY.
  • Consolidated Profit after Tax at Rs 1,776 crore, down 55.6% YoY.

Prachur Sah, Managing Director & CEO, Indus Towers, said: “Our performance this quarter remained robust, supported by an increase in colocations and sustained improvements in profitability. We continued to advance the integration of digital technologies, automation, and AI-driven capabilities throughout our operations, resulting in improved asset visibility, enhanced operational control, and greater execution speed.

The recent Government measures on AGR dues of a major customer are expected to aid its financial stability which bodes well for us. With our commitment to operational excellence, prudent investments, and a customer-focused approach, we remain focused on garnering a larger share of our customers’ rollouts.

Our preparations for expansion into Africa progressed further with a focus on expediting execution.”

Result PDF

Telecom Services company Indus Towers announced Q2FY26 results

  • Total Tower base of 256,074 with closing sharing factor of 1.62.
  • Consolidated Revenue at Rs 8,188 crore, up 9.7% YoY.
  • Consolidated EBITDA at Rs 4,613 crore, down 6.0% YoY.
  • Consolidated Profit after Tax at Rs 1,839 crore, down 17.3% YoY.

Prachur Sah, Managing Director & 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.

Our emphasis on leveraging automation and AI will be critical for us to maintain our pole position by enhancing efficiency, scalability, and service quality. This will be pivotal to deliver sustainable growth and create long-term value for our shareholders.”

Result PDF

Telecom Services company Indus Towers announced Q1FY26 results

  • Total Tower base of 2,51,773 with closing sharing factor of 1.63.
  • Consolidated Revenues at Rs 8,058 crore, up 9.1% YoY.
  • Consolidated EBITDA at Rs 4,390 crore, down 3.4% YoY.
  • Consolidated Profit after Tax at Rs 1,737 crore, down 9.8% YoY.

Prachur Sah, Managing Director and CEO, Indus Towers, said: “We are pleased to have begun the year on an encouraging note, underpinned by healthy co-location additions, including substantial deployment on our existing towers. Our inherent strengths as a leading passive infrastructure player continue to help us achieve a meaningful share of our customers’ rollouts.

Given the transformative potential of new age technologies, we continue to make investments in AI and digital solutions, aimed at future-proofing our operations. We believe that our scale, agility, and techforward approach position us favourably to capitalize on emerging opportunities amidst the backdrop of a rapidly evolving industry landscape.”

Result PDF

Telecom Services company Indus Towers announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Total Tower base of 249,305 with closing sharing factor of 1.63.
  • Consolidated Revenues at Rs 7,727 crore, up 7.4% YoY.
  • Consolidated EBITDA at Rs 4,395 crore, up 7.1% YoY.
  • Consolidated Profit after Tax at Rs 1,779 crore, down 4.0% YoY.

FY25 Financial Highlights:

  • Consolidated Revenues at Rs 30,123 crore, up 5.3% YoY.
  • Consolidated EBITDA at Rs 20,845 crore, up 41.9% YoY.
  • Consolidated Profit after Tax at Rs 9,932 crore, up 64.5% YoY.

Prachur Sah, Managing Director & CEO, Indus Towers, said: “FY25 was another excellent year for us with an all-round performance. We delivered one of our highestever tower and co-location additions as we continued to garner a major share of our customers’ rollouts. Further supplementing our additions was the acquisition of an important tower portfolio, reflecting our agility for driving growth. This has underpinned our robust financial performance, including healthy cash flow generation. I am also pleased to see that our continued engagement with a major customer ensured recovery of its overdues this year.

We believe that the industry developments during the year have only strengthened the outlook for the Company and the sector. Given our inherent strengths and leadership position, we are confident of maintaining the momentum by capitalizing on customers’ network expansion and available strategic opportunities.”

Result PDF

Telecom Services company Indus Towers announced Q3FY25 results

  • Total Tower base of 234,643 with closing sharing factor of 1.65.
  • Consolidated Revenues at Rs 7,547 crore, up 4.8% YoY.
  • Consolidated EBITDA at Rs 6,997 crore, up 93.2% YoY.
  • Consolidated Profit after Tax at Rs 4,003 crore, up 159.9% YoY.

Prachur Sah, Managing Director and CEO, Indus Towers, said: “We are pleased to see our ability to maintain a dominant share of our major customers’ rollouts reap dividends in the form of robust tower and colocation additions, reiterating our superior execution capabilities and customer centric approach. The strong additions along with significant collections of overdue from a major customer helped us record an excellent financial performance.

We expect the resumption of network expansion by a major customer coupled with the rollouts by other customers to act as strong levers of growth. We remain cognizant of the sustainability aspect in our growth plans, and our focus on securing strategic partnerships under Green Energy Open Access is a step in that direction.”

Result PDF

Telecom Services company Indus Towers announced Q2FY25 results

  • Total Tower base of 2,29,658 with closing sharing factor of 1.65.
  • Consolidated Revenues at Rs 7,465 crore, up 4.7% YoY.
  • Consolidated EBITDA at Rs 4,907 crore, up 42.0% YoY.
  • Consolidated Profit after Tax at Rs 2,224 crore, up 71.7% YoY.

Prachur Sah, Managing Director and CEO, Indus Towers, said: “Our operational performance reflects sustained demand for network expansion and our endeavour towards securing a larger share of our customers’ rollouts. This continues to drive our financial performance, aided by steady collection of past overdue from a major customer. Given a healthy cash generation, we rewarded our shareholders through buyback during the quarter.

We expect the performance to continue in the wake of network expansion plans of our customers over near to medium term. Guided by our strategic priorities and inherent capabilities, we remain confident of capitalizing on these opportunities and generating value for all our stakeholders.”

Result PDF

Telecom Services company Indus Towers announced Q1FY25 results:

  • Total Tower base of 225,910 with closing sharing factor of 1.66
  • Consolidated Revenues at Rs 7,383 crore, up 4.3% YoY
  • Consolidated EBITDA at Rs 4,545 crore, up 29.4% YoY
  • Consolidated Profit after Tax at Rs 1,926 crore, up 42.9% YoY

Prachur Sah, Managing Director and CEO, Indus Towers, said: “Another quarter of robust tower additions reaffirms our competitive strength in the passive infrastructure space. Business growth along with continued collection of past dues underpinned our strong financial performance.

We expect network expansion and 5G deployments by our customers to continue to act as growth levers. We are confident of building on these opportunities to create value for our shareholders in a sustainable manner.”

Result PDF

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