Indus Towers , India's leading telecom tower infrastructure provider, has reported a robust performance for the second quarter, with significant revenue growth and tower additions. The company also announced its strategic expansion into Africa, marking a new chapter in its growth story.

Financial Highlights

Indus Towers demonstrated strong financial performance in Q2:

It's important to note that the EBITDA and profit figures were impacted by one-off write-backs related to the collection of overdue receivables from a major customer in the previous year. Adjusting for these write-backs, the EBITDA grew by 14.9% year-on-year.

Operational Performance

The company continued to expand its infrastructure footprint:

• Added 4,301 macro towers and 4,505 co-locations
• Total macro tower count reached approximately 256,000
• Co-location base expanded to about 415,000
• Maintained an industry-leading tenancy ratio of 1.62

Sustainability Initiatives

Indus Towers made significant progress in its sustainability efforts:

• Added 3,900 solar sites, bringing the total to nearly 36,000
• Deployed sites at high-altitude locations, including Indian Army forward posts in Tawang sector at over 12,000 feet
• Recognized with the Mahatma Award for CSR Excellence and Sustainable and Responsible Business

Africa Expansion

In a strategic move, Indus Towers announced its foray into Africa, initially focusing on Nigeria, Uganda, and Zambia. The company plans to leverage its expertise in building cost-efficient, high-quality infrastructure tailored to local conditions. Bharti Airtel will serve as an anchor customer, providing a strong foundation for the expansion.

Management Commentary

Prachur Sah, Managing Director and CEO of Indus Towers, commented on the results: "Q2 witnessed a firm uptick in tower additions compared to last quarter, driven by our ability to capture a significant share of rollouts of our customers and transition their network to our portfolio. This underscores our agile approach and trust our operators place in our network's reliability and delivery speed."

Regarding the Africa expansion, Sah added: "We intend to replicate Indus' proven operating model by building high-quality cost-efficient infrastructure tailored to local conditions while ensuring best-in-class service reliability for our customers."

Future Outlook

The company remains optimistic about future growth prospects:

• Strong order book momentum expected for the next 3-4 quarters in India
• Continued focus on cost optimization and productivity improvement
• Emphasis on reducing diesel consumption and transitioning to cleaner energy sources
• Exploring opportunities in the evolving 5G ecosystem

As Indus Towers continues to strengthen its position in the Indian market and ventures into Africa, the company appears well-positioned to capitalize on the growing demand for reliable telecom infrastructure in emerging markets.

Indus Towers , India's leading provider of passive telecom infrastructure, has reported a 9.7% year-on-year increase in revenue for the second quarter of fiscal year 2026, ending September 30, 2025. The company's performance was bolstered by significant tower additions and improved operational efficiency.

Financial Highlights

For Q2 FY2026, Indus Towers recorded:

• Revenue of Rs 8,188.00 crore, up 9.7% year-on-year
• EBITDA of Rs 4,613.00 crore, down 6.0% year-on-year
• Profit after tax of Rs 1,839.00 crore, down 17.3% year-on-year
• Operating free cash flow of Rs 1,039.00 crore

Operational Performance

The company continued to expand its infrastructure footprint:

• Total tower base increased to 256,074, with 4,301 net additions in the quarter
• Total co-locations reached 415,717, with 4,505 net additions
• Closing sharing factor stood at 1.62

Key Developments

Indus Towers announced plans to enter the African market, starting with Nigeria, Uganda, and Zambia. This strategic move aims to diversify revenue streams and leverage the company's expertise in high-potential markets.

Prachur Sah, Managing Director and CEO of Indus Towers, commented on the results: "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."

Industry Context

The telecom sector in India continues to evolve rapidly:

• 5G subscriptions in India grew to 322 million by June 2025
• The government released a draft telecom policy aiming to attract Rs 1 trillion in annual investments
• Major telecom operators have discontinued their entry-level data plans, potentially boosting average revenue per user (ARPU)

Financial Position

As of September 30, 2025:

Outlook

Indus Towers remains focused on leveraging automation and AI to enhance efficiency and service quality. The company's expansion into Africa and continued investment in technology position it well for future growth in the evolving telecom infrastructure landscape.

Despite challenges in the sector, including the financial uncertainties of a major customer, Indus Towers' continued tower additions and strategic initiatives demonstrate its resilience and adaptability in a dynamic market environment.