India · Delayed Price · Currency is INR Indus Towers Earnings Call Transcripts
Fiscal Year 2026
-
FY 2026 saw strong revenue and colocation growth, robust cash flow, and a recommended INR 14/share dividend. Expansion into Africa is progressing, while digital, ESG, and cost efficiency initiatives continue to drive operational excellence.
-
Q3 FY26 delivered strong revenue and tenancy growth, with adjusted EBITDA and PAT up year-on-year, despite reported declines due to prior period write-backs. CapEx and free cash flow remain robust, digital and ESG initiatives advanced, and Africa expansion is progressing organically.
-
Q2 FY26 delivered strong revenue and tower growth, with robust operational performance despite severe weather. Africa expansion was announced, and sustainability, automation, and cost efficiency initiatives advanced. Dividend distribution is expected by year-end.
-
Revenue grew 9.1% year-on-year, with strong tower and co-location additions and robust cash flow. EBITDA margin declined due to weather-driven diesel costs, but adjusted profitability improved. Board deferred shareholder distributions to conserve cash amid industry and customer uncertainties.
Fiscal Year 2025
-
Record tower and tenancy additions, strong revenue and EBITDA growth, and full clearance of major overdue receivables marked FY25. The company expanded its portfolio with a major tower acquisition, maintained high network uptime, and advanced ESG initiatives. A board committee will soon decide on shareholder cash distribution.
-
Q3 FY25 saw strong revenue and profit growth, driven by robust tower and co-location additions, improved collections, and operational efficiencies. Landmark legal rulings reduced liabilities, and sustainability initiatives advanced, with a positive outlook for continued growth.
-
Revenue grew 4.7% year-on-year to INR 74.7 billion, with strong EBITDA and PAT growth driven by improved collections and robust tower and tenancy additions. 5G rollouts and network densification continue to support demand, while operational resilience and sustainability initiatives remain key priorities.
-
Q1 FY25 saw strong revenue and EBITDA growth, robust tower additions, and improved collections, aided by continued 5G rollout and sector demand. Cash flow and margins benefited from operational efficiency and provision write-backs, while a board-approved buyback signals confidence in future growth.