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Latest news about Indus Towers

Indus Towers Q3 Results: EBITDA Drops 35.6% YoY Despite 7.9% Revenue Growth Feb 02, 2026

Indus Towers delivered mixed Q3FY26 performance with revenue from operations growing 7.9% YoY to ₹81.5B, driven by operational expansion. However, profitability declined significantly with net profit falling 55.6% to ₹17.8B and EBITDA dropping 35.6% to ₹45.1B, resulting in EBITDA margin compression to 55.34% from 92.71% in the previous year. The company pursued strategic expansion into African markets including Nigeria, Uganda, and Zambia while incorporating multiple subsidiaries in UAE and establishing a GIFT City investment holding company.

Vodafone Idea's Capital Expenditure Push Creates Positive Outlook for Indus Towers Jan 29, 2026

Indus Towers Executes Rs. 20.15 Crore Block Trade on NSE at Rs. 415.45 Per Share Jan 27, 2026

Indus Towers Share Price Declines 2.04%, Among Top Losers on Nifty Midcap 150 Jan 23, 2026

Indus Towers Schedules Q3FY26 Results Announcement and Earnings Call for February 2026 Jan 22, 2026

More news about Indus Towers

22Jan 26

Indus Towers Approves Incorporation of Wholly Owned Subsidiary in GIFT City with ₹20 Crore Investment

Indus Towers Limited has approved the incorporation of a wholly owned subsidiary in GIFT City, Gujarat, with an investment of up to ₹20.00 crores. The subsidiary will function as an investment holding company for overseas operations and handle treasury functions under the IFSC framework. The incorporation is subject to regulatory approvals from MCA and other authorities.

20Jan 26

Indus Towers Incorporates Step-down Subsidiary in Uganda for Telecom Infrastructure Operations

Indus Towers Limited has incorporated Indus Infra Uganda Limited as a step-down subsidiary in Uganda on January 20, 2026, with UGX 2 billion share capital. The subsidiary will focus on telecommunications infrastructure operations including towers, masts, and wireless communication equipment, marking the company's expansion in the African telecom infrastructure market.

16Jan 26

Indus Towers Records ₹66.66 Crore Block Trade on NSE at ₹430.65 Per Share

Indus Towers Limited recorded a substantial block trade on NSE worth ₹66.66 crores, involving 1,547,822 shares at ₹430.65 per share. The transaction demonstrates significant institutional trading activity in the telecom infrastructure company's stock through the exchange's block deal mechanism.

16Jan 26

Indus Towers Expands African Operations with New Subsidiaries in Nigeria and Zambia

Indus Towers Limited has incorporated two new step-down subsidiaries in Africa on January 15, 2026 - Indus Towers Nigeria Limited with 100 million Naira share capital and Indus Towers Infra Zambia Limited with K12.50 million Zambian Kwacha. Both entities will focus on telecom infrastructure operations including towers, masts, and antennas, marking the company's strategic expansion into African markets.

13Jan 26

Vodafone Idea AGR Relief Boosts Indus Towers' Dividend Prospects After 12-Quarter Pause

Government's AGR relief for Vodafone Idea significantly improves Indus Towers' cash-flow outlook and dividend resumption prospects after 12 quarters without payouts. Vodafone Idea's AGR liabilities frozen at ₹87,695 crore with annual payments capped at ₹100 crore until 2035, reducing NPV burden by 60-80%. Analysts project dividend payout ratios of 45-70% of FCF over FY26-28E, with tenancy recovery expected from FY27E onwards reaching 1.75x by FY31E.

12Jan 26

CITI Maintains Buy Rating on Indus Towers with Target Price of ₹515

CITI has issued a Buy rating for Indus Towers with a target price of ₹515 per share. The recommendation reflects positive sentiment from the brokerage firm regarding the telecom infrastructure company's prospects. This rating suggests potential upside for investors considering the stock based on CITI's analysis of the company's fundamentals.

09Jan 26

Indus Towers Surges Over 5.5% to Rs 450, Analyst Sees Upside Potential to Rs 500

Indus Towers shares surged over 5.5% at Friday's market open, reaching Rs 450.00 and touching a day high of Rs 454.00. PHD Capital CEO Pradip Halder positioned the telecom infrastructure company as a stronger pick over Vodafone Idea, indicating potential upside to Rs 500.00 levels.

08Jan 26

Indus Towers Receives Improved ESG Rating of 70 for FY2025 from NSE Sustainability

Indus Towers Limited received an improved ESG rating of 70 for FY2025 from NSE Sustainability Ratings and Analytics Limited, showing a 1-point increase from the previous rating of 69. The SEBI-registered Category I ESG Rating Provider assigned this rating independently based on public disclosures without company engagement. Indus Towers disclosed this development to stock exchanges on January 08, 2026, in compliance with SEBI listing regulations.

31Dec 25

Indus Towers Records Fresh ₹16.87 Crore Block Trade on NSE at ₹430.00 Per Share

Indus Towers recorded another significant block trade on NSE worth ₹16.87 crores involving 392,214 shares at ₹430.00 per share. This follows a previous substantial transaction of ₹66.40 crores for 1,554,025 shares at ₹427.25, indicating continued institutional activity and stable demand in the telecom infrastructure sector.

19Dec 25

Indus Towers Expands to UAE with Two New Units

Indus Towers has launched two new operational units in the United Arab Emirates, marking its entry into the Middle Eastern market. This strategic expansion aims to tap into the region's growing telecommunications infrastructure demands and diversify the company's operational footprint beyond India. The UAE's advanced telecom infrastructure and strategic location provide a platform for Indus Towers to serve local and regional telecom operators, potentially opening doors for further expansion in the Middle East and North Africa region.

16Dec 25

Supreme Court Backs Delhi Metro's Choice of Indus Towers for Network-Wide Mobile Connectivity

The Supreme Court has approved Delhi Metro's decision to appoint Indus Towers for providing wireless mobile connectivity services across its entire network infrastructure. This approval removes legal obstacles and provides regulatory certainty for the implementation of comprehensive mobile connectivity infrastructure throughout the Delhi Metro system.

27Nov 25

Indus Towers Secures AAA Credit Rating from ICRA, Reflecting Strong Financial Position

ICRA Limited has upgraded Indus Towers' credit rating to ICRA AAA (Stable) from ICRA AA+ (Positive) for its Non-Convertible Debentures and long-term fund-based facilities. The commercial paper rating has been reaffirmed at ICRA A1+. This upgrade reflects Indus Towers' robust financial health and strong market position in the telecom infrastructure sector. The AAA rating indicates the lowest credit risk and highest degree of safety for timely servicing of financial obligations. This upgrade may lead to lower borrowing costs, enhanced financial flexibility, and increased investor confidence for Indus Towers.

18Nov 25

Indus Towers Shareholders Approve Re-appointment of Sharad Bhansali as Independent Director

Indus Towers Limited shareholders have approved the re-appointment of Sharad Bhansali as an Independent Director for a second five-year term, from November 19, 2025, to November 18, 2030. The special resolution passed with 95.74% votes in favor, including unanimous support from the Promoter and Promoter Group. Bhansali, a law graduate with extensive experience in international trade and corporate law, will continue to contribute his expertise to Indus Towers' board.

04Nov 25

Bharti Airtel MD Says Indus Towers Is Undervalued, Plans to Boost Stake by Up to 5%

Bharti Airtel has announced plans to potentially increase its stake in Indus Towers by up to 5% over time. Currently holding 51.03% in Indus Towers, Airtel's special committee of directors has approved this move. The acquisition may occur in multiple tranches, subject to market conditions, liquidity, and legal compliance. Airtel views this as a prudent move to consolidate its stake while maintaining cash flow for operations and dividends. The announcement has positively impacted Indus Towers' stock, with shares gaining over 5%. This strategic decision comes as the telecom sector focuses on expanding 5G networks and improving infrastructure.

03Nov 25

Indus Towers Reports 9.7% Revenue Growth in Q2, Announces Africa Expansion

Indus Towers reported robust Q2 performance with revenue growth of 9.7% YoY to ₹81.90 billion. The company added 4,301 macro towers and 4,505 co-locations, reaching a total of approximately 256,000 towers and 415,000 co-locations. Adjusted EBITDA grew by 14.9% YoY. Indus Towers announced strategic expansion into Africa, initially focusing on Nigeria, Uganda, and Zambia, with Bharti Airtel as an anchor customer. The company also made progress in sustainability efforts, adding 3,900 solar sites.

28Oct 25

Indus Towers Reports 9.7% Revenue Growth in Q2 FY2026, Driven by Tower Additions

Indus Towers, India's leading passive telecom infrastructure provider, reported a 9.7% year-on-year revenue increase to Rs 8,188.00 crore for Q2 FY2026. The company added 4,301 towers, bringing its total to 256,074. EBITDA decreased by 6.0% to Rs 4,613.00 crore, while profit after tax fell 17.3% to Rs 1,839.00 crore. Indus Towers announced plans to expand into African markets, starting with Nigeria, Uganda, and Zambia. The company maintains a strong financial position with a net debt to EBITDA ratio of 0.81.

27Oct 25

Indus Towers Reports Solid Q2 FY26 Results, Announces Strategic Expansion into Africa

Indus Towers Limited reported robust Q2 FY26 results with revenue up 9.7% YoY to ₹8,188.00 crore. The company's EBITDA reached ₹4,613.00 crore with a 56.3% margin, and PAT stood at ₹1,839.00 crore. Operationally, total towers increased to 256,074, and co-locations grew to 415,717. Indus Towers also announced plans to expand into African markets, initially targeting Nigeria, Uganda, and Zambia, aiming to diversify revenue streams and leverage its expertise in high-potential markets.

27Oct 25

Indus Towers Reports Mixed Q2 FY26 Results: Revenue Up, Profit Down

Indus Towers Limited reported mixed financial results for Q2 FY26. Revenue increased by 9.7% year-over-year to 81.88 billion rupees, demonstrating strong top-line growth. However, net profit declined by 17.3% to 18.39 billion rupees. EBITDA slightly decreased by 1.1% to 68.76 billion rupees, with the EBITDA margin contracting by 910 basis points to 83.97%. The company's ability to grow revenue in a challenging market is evident, but profitability remains a concern.

05Sept 25

Indus Towers Stock Surges 5% as Bharti Airtel Boosts Stake Amid Expansion Plans

Indus Towers' shares rose 5% to ₹339.95 after promoter Bharti Airtel increased its stake by 0.26%. The company recently approved expansion into African markets, but hasn't paid dividends since May 2022 due to delayed payments from Vodafone Idea. Despite concerns, brokerages maintain positive outlooks. Indus Towers clarified that the increased trading volume is due to market conditions.

03Sept 25

Indus Towers Shares Plunge 5% on African Expansion Concerns

Indus Towers' shares dropped 5% to a 52-week low of Rs 312.60 following the announcement of its expansion into African markets. The company's Board approved entry into Nigeria, Uganda, and Zambia, marking its first international venture. Despite the potential for growth and alignment with government policies, investors showed concerns about regulatory, political, and economic risks associated with the expansion. The move aims to leverage Indus Towers' expertise and its relationship with Bharti Airtel in these regions.

03Sept 25

Indus Towers Executes Rs. 64.02 Crore Block Trade Amid International Expansion Plans

Indus Towers completed a block trade worth Rs. 64.02 crores on NSE, involving 2,012,804 shares at Rs. 318.05 per share. The company's Board approved expansion into African markets, initially targeting Nigeria, Uganda, and Zambia. This move aims to diversify revenue, scale operations, and create long-term value. Indus Towers plans to leverage its financial position and relationship with Bharti Airtel for this expansion. The company will continue evaluating opportunities in other African markets where Airtel operates.

02Sept 25

Indus Towers Incorporates New UAE Subsidiary to Advance African Market Strategy

Indus Towers Limited has incorporated a new wholly owned subsidiary, Indus Towers Management FZE, in Dubai on December 19, 2025, to advance its African expansion strategy. The subsidiary, established through Indus Towers FZE with a share capital of 300 shares valued at AED 1,000 each, will facilitate investments in Nigeria, Uganda, and Zambia markets.

05Aug 25

Indus Towers Reports Strong Q1 Results with 9.1% Revenue Growth, Suspends Dividend Distribution

Indus Towers reported robust Q1 financial results with 9.1% YoY increase in gross revenues to ₹80.60 billion and 10.1% YoY growth in core rental revenue to ₹51.10 billion. The company added 2,468 macro towers and 5,777 co-locations, maintaining a portfolio tenancy ratio of 1.63. Despite challenging weather conditions, network uptime remained high at 99.96%. The Board decided to suspend dividend distribution temporarily. The company continues to focus on operational excellence, customer-centric approach, and strategic initiatives including ESG efforts.

31Jul 25

Indus Towers Reports Mixed Q1 Results Amid Challenging Environment

Indus Towers, India's leading passive telecom infrastructure provider, reported a 9.1% year-on-year increase in Q1 consolidated revenue to Rs 8,058.00 crore. The company expanded its tower portfolio to 251,773 towers with 411,212 co-locations. However, profitability faced challenges with EBITDA declining 3.4% to Rs 4,390.00 crore and net profit decreasing 9.8% to Rs 1,737.00 crore. The company added 2,468 macro towers and 5,777 co-locations during the quarter, maintaining a strong market position despite margin pressures.

30Jul 25

Indus Towers Reports 9.1% Revenue Growth in Q1 FY26, Profits Decline Amid Rising Costs

Indus Towers announced Q1 FY26 results with revenue growing 9.1% year-on-year to Rs 80,576.00 million, driven by co-location additions and tower deployments. However, profitability declined with EBITDA falling 3.4% to Rs 43,901.00 million and net profit decreasing 9.8% to Rs 17,368.00 million. The company expanded its infrastructure to 251,773 towers and 411,212 co-locations. Despite challenges, Indus Towers maintained a strong balance sheet with a net cash position of Rs 24,612.00 million. The company is focusing on AI and digital solutions to enhance operational efficiency amidst the ongoing 5G rollout in India.

30Jul 25

Indus Towers Reports Q1 FY26 Results: Revenue Up 9.1%, EBITDA Margin at 54.5%

Indus Towers Limited announced its Q1 FY26 results, showing a 9.1% YoY increase in revenue to Rs 8,058.00 crore. However, EBITDA decreased by 3.4% to Rs 4,390.00 crore, with margins dropping from 61.6% to 54.5%. Net profit declined by 9.8% to Rs 1,737.00 crore. The company expanded its tower base to 251,773 and increased co-locations to 411,212. Despite profitability challenges, Indus Towers continues to invest in AI and digital solutions, focusing on operational efficiency and green initiatives.

24Jul 25

Indus Towers to Announce Q1 FY2026 Results on July 30, 2025

Indus Towers, a major passive telecom infrastructure provider in India, will release its Q1 FY2026 financial results on July 30, 2025. An earnings call with senior management is scheduled for July 31, 2025, from 2:30 PM to 3:30 PM IST. The company will provide a comprehensive results package on its website, including a quarterly report, media release, and key performance indicators. As of March 31, 2025, Indus Towers operates 249,305 towers and 405,435 co-locations across all 22 telecom circles in India, serving major telecom providers.

06Jun 25

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.

30Apr 25

Indus Towers Reports Mixed Q4 Results: Net Profit Dips 4%, Revenue Rises 7.4% YoY

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.