Indus Towers Q3 Results: Net profit plunges 56%, revenue up

Telecom infrastructure firm Indus Towers Ltd on Monday (February 2) reported a net profit of ₹1,776 crore for the third quarter (Q3FY26), down 55.6% from ₹4,003 crore in the same period last year. Revenue for the quarter grew 7.9% year-on-year to ₹8,146.3 crore from ₹7,547 crore a year earlier.

Return on equity (pre-tax) fell to 27.3% from 46.1% year-on-year, while post-tax return on equity declined to 20.3% from 34.8% in the same period. Return on capital employed also fell to 20.3% compared with 29.3% a year ago. Q3FY25 had benefited from a write-back of ₹3,024 crore in provisions for doubtful receivables, aided by collections against past overdue amounts.

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The company reported a total tower base of 259,622 with a closing share factor of 1.62. Despite the decline in EBITDA and net profit, Indus Towers noted that increased rollouts and cost measures supported a strong underlying performance for the quarter.

Prachur Sah, Managing Director and CEO, Indus Towers Ltd, said, "Our performance this quarter remained robust, supported by an increase in colocations and sustained improvements in profitability. We continued to advance the integration of digital technologies, automation, and AI-driven capabilities throughout our operations, resulting in improved asset visibility, enhanced operational control, and greater execution speed."

"The recent government measures on AGR dues of a major customer are expected to aid its financial stability, which bodes well for us. With our commitment to operational excellence, prudent investments,

and a customer-focused approach, we remain focused on garnering a larger share of our customers’ rollouts. Our preparations for expansion into Africa progressed further with a focus on expediting execution," he added

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Shares of Indus Towers Ltd ended at ₹432.10, up by ₹8, or 1.89%, on the BSE today, February.