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.

Indus Towers Limited , India's leading provider of passive telecom infrastructure, has reported a robust performance for the second quarter of fiscal year 2026, demonstrating steady growth and operational efficiency. The company also unveiled plans for strategic expansion into African markets, marking a significant milestone in its growth trajectory.

Financial Highlights

For the quarter ended September 30, 2025, Indus Towers reported:

• Revenue from operations of ₹8,188.00 crore, up 9.7% year-on-year
• EBITDA of ₹4,613.00 crore, with a margin of 56.3%
• Profit after tax of ₹1,839.00 crore
• Operating free cash flow of ₹1,039.00 crore

Operational Performance

The company continued to strengthen its market presence with significant tower additions:

• Total tower base increased to 256,074, up from 229,658 in the same quarter last year
• Co-locations grew to 415,717, compared to 379,236 in Q2 FY25
• Closing sharing factor stood at 1.62

Strategic Expansion into Africa

Indus Towers announced its plans to enter the African market, initially focusing on 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 and expansion plans: "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."

Future Outlook

Indus Towers remains committed to enhancing its operational efficiency and service quality through automation and AI initiatives. The company's emphasis on leveraging these technologies is expected to play a crucial role in maintaining its market leadership and driving sustainable growth.

As the telecommunications sector in India continues to evolve, particularly with the ongoing 5G rollout, Indus Towers is well-positioned to capitalize on the increasing demand for robust telecom infrastructure. The company's strategic expansion into African markets further underscores its commitment to long-term growth and value creation for shareholders.

Investors and industry observers will be keenly watching how Indus Towers navigates its expansion into new territories while maintaining its strong performance in the Indian market. The company's ability to replicate its successful business model in Africa could potentially open up significant growth opportunities in the coming years.