Indus Towers Share Price Declines 2.04%, Among Top Losers on Nifty Midcap 150
Indus Towers shares fell 2.04% to ₹410.65, ranking among top losers on Nifty Midcap 150 index. The company demonstrated strong financial performance with revenue growing from ₹13,954.30 crore in 2021 to ₹30,122.80 crore in 2025, while net profit increased from ₹2,912.70 crore to ₹9,931.70 crore. Recent corporate actions include subsidiary incorporations in GIFT City, Nigeria, and Zambia, alongside maintaining a conservative debt-to-equity ratio of 0.07.

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Indus Towers shares declined 2.04% on Friday, trading at ₹410.65 and positioning the stock among the top losers on the Nifty Midcap 150 index. The decline reflects the broader market sentiment, with the stock facing selling pressure during the trading session.
Strong Financial Performance Over Four Years
Indus Towers has demonstrated consistent revenue growth over the past few years, showcasing robust business fundamentals despite the day's price decline. The company's financial trajectory reflects significant expansion and improved profitability across multiple metrics.
| Financial Year: | Revenue (₹ Crore) | Net Profit (₹ Crore) | EPS (₹) |
|---|---|---|---|
| 2021: | 13,954.30 | 2,912.70 | 17.52 |
| 2022: | 27,717.20 | 6,373.10 | 23.65 |
| 2023: | 28,381.80 | 2,040.00 | 7.57 |
| 2024: | 28,600.60 | 6,036.20 | 22.40 |
| 2025: | 30,122.80 | 9,931.70 | 37.31 |
The consolidated annual revenue increased from ₹13,954.30 crore in 2021 to ₹30,122.80 crore in 2025, representing substantial growth. Net profit showed an even more impressive trajectory, rising from ₹2,912.70 crore in 2021 to ₹9,931.70 crore in 2025.
Quarterly Performance Trends
The quarterly performance demonstrates continued business momentum with steady revenue progression. Recent quarterly results show consistent operational performance across different periods.
| Quarter: | Revenue (₹ Crore) | Net Profit (₹ Crore) | EPS (₹) |
|---|---|---|---|
| Sep 2024: | 7,465.30 | 2,223.50 | 8.30 |
| Dec 2024: | 7,547.40 | 4,003.20 | 15.18 |
| Mar 2025: | 7,727.10 | 1,779.10 | 6.75 |
| Jun 2025: | 8,057.60 | 1,736.80 | 6.59 |
| Sep 2025: | 8,188.20 | 1,839.30 | 6.97 |
Revenue increased steadily from ₹7,465.30 crore in September 2024 to ₹8,188.20 crore in September 2025, indicating consistent business growth across quarters.
Key Financial Health Indicators
The company maintains strong financial health metrics that reflect prudent management and sustainable growth. Book value per share increased steadily from ₹58.91 in 2021 to ₹123.19 in 2025, demonstrating enhanced shareholder value creation.
| Metric: | Value |
|---|---|
| Return on Equity (2025): | 30.56% |
| Debt-to-Equity Ratio (Mar 2025): | 0.07 |
| Book Value Per Share (2025): | ₹123.19 |
| Most Recent Interim Dividend: | ₹11.00 per share (110%) |
The debt-to-equity ratio of 0.07 as of March 2025 reflects a conservative capital structure, indicating low financial leverage and reduced risk profile.
Recent Corporate Developments
Indus Towers has been actively involved in strategic corporate actions and expansion initiatives. On January 22, 2026, the company informed the exchange regarding an earnings call for the third quarter ended December 31, 2025.
The company announced the incorporation of a Wholly Owned Subsidiary in Gujarat International Finance Tec-City (GIFT City), Gujarat, India. Additionally, on January 16, 2026, Indus Towers informed the exchange about the incorporation of step-down subsidiaries in Nigeria and Zambia, indicating international expansion efforts.
Despite the day's decline to ₹410.65, the stock's performance reflects broader market conditions rather than company-specific fundamentals, with Indus Towers maintaining its position as a significant player in the telecommunications infrastructure sector.
Historical Stock Returns for Indus Towers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.44% | -5.76% | +0.41% | +4.25% | +15.70% | +71.11% |


































