Indus Towers Braces for Potential Market Shift as Starlink Eyes India Entry
Indus Towers, India's leading telecom infrastructure provider, is preparing for potential market changes as Elon Musk's Starlink satellite internet service considers entering the Indian market. This development has alerted the industry to possible shifts in the competitive landscape of India's telecom sector. The entry of Starlink, known for its low-Earth orbit satellite constellation, could introduce new dynamics to India's internet connectivity landscape and may have significant implications for traditional telecom infrastructure companies. The telecom sector is bracing for potential changes, with companies like Indus Towers possibly needing to reassess their strategies to maintain competitiveness.
02May 25
Indus Towers Delays Shareholder Value Enhancement Plans, Forms Evaluation Committee
Indus Towers has postponed its plans to enhance shareholder value, opting to form a committee to evaluate various proposals. This decision comes amid improved cash flow due to Vodafone Idea's repayments, which had raised expectations for dividend resumption. The announcement led to a 6% decline in the company's stock price. Previously, analysts anticipated a potential dividend of ₹20 per share and a possible share buyback program. The company recently conducted an earnings call for Q4 ended March 31, 2023, with the audio recording available on their website.
02May 25
Indus Towers' Share Price Drops 7% Following Q4 Results
Indus Towers announced Q4 FY23 results with a 7.42% YoY revenue increase to ₹7,727.00 crore, but a 3.78% YoY profit decline to ₹1,780.00 crore. The company saw significant QoQ improvement with profits rising from ₹400.00 crore in Q3. Despite revenue growth, the share price fell over 7% on May 2, reflecting investor concerns about profitability.
01May 25
Indus Towers Reports Strong FY2025 Performance with 64.5% Surge in Profit
Indus Towers announced robust financial results for FY2025, with consolidated revenue up 5.3% to Rs. 30,123.00 crores and net profit soaring 64.5% to Rs. 9,932.00 crores. EBITDA increased by 41.9% to Rs. 20,845.00 crores. The company expanded its infrastructure, with total towers reaching 249,305 and co-locations growing to 405,435. Indus Towers also acquired passive infrastructure assets from Bharti Airtel, adding 10,380 macro towers and 2,226 lean co-locations to its portfolio.
01May 25
Indus Towers Reports Strong FY25 Performance with 64.5% Jump in Net Profit
Indus Towers announced strong financial results for FY25, with consolidated revenue growing 5.3% to Rs 30,123.00 crores and net profit soaring 64.5% to Rs 9,932.00 crores. The company expanded its tower base to 249,305 and increased co-locations to 405,435. Key developments include the acquisition of 12,606 towers from Bharti Airtel and completion of a share buyback. Despite impressive yearly figures, Q4 saw a 4.0% decline in net profit.
Indus Towers announced its Q4 and FY2025 financial results, showing mixed performance in Q4 but robust growth for the full year. Q4 revenue grew 7.4% YoY to Rs. 7,727.00 crores, while net profit decreased 4% to Rs. 1,779.00 crores. For FY2025, consolidated revenue increased 5.3% to Rs. 30,123.00 crores, with net profit surging 64.5% to Rs. 9,932.00 crores. The company expanded its infrastructure, increasing its tower base to 249,305 and co-locations to 405,435. The acquisition of passive infrastructure assets from Bharti Airtel contributed to this growth.
30Apr 25
Indus Towers to Consider Dividend, Bonus Issue, and Share Buyback Options
Indus Towers will hold a board meeting on April 30, 2025, to discuss options for enhancing shareholder returns, including potential dividend distribution, bonus issue, and share buyback plans. The company has closed its trading window until May 2, 2025. Analysts expect a possible dividend of ₹15.00 to ₹20.00 per share, driven by improved cash flows partly due to Vodafone Idea resuming payments. The decision comes amid signs of stability in the Indian telecom sector.
28Apr 25
Indus Towers to Consider Shareholder Return Options in Upcoming Board Meeting
Indus Towers Limited's Board of Directors will meet on April 30, 2025, to discuss strategies for enhancing shareholder returns. Options under consideration include share buyback, bonus issue, and dividend distribution. The company has closed its trading window for Designated Persons until May 2, 2025, to prevent insider trading.
28Apr 25
Indus Towers Share Price Rises 4% Ahead of Board Meeting on Dividend, Bonus, and Buyback
Indus Towers' share price increased by up to 4% following the announcement of a Board meeting on December 30. The meeting will consider options for enhancing shareholder value, including dividend distribution, bonus shares, and share buyback. This move comes as the company experiences improved cash flow due to resumed payments from a major customer. The Board will evaluate these options individually or in combination to determine the most beneficial approach for shareholders.