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Earnings Call

Indus Towers Earnings Call: Key Takeaways

Indus Towers reported FY26 gross revenue of ₹325bn (up 7.9% YoY) and PAT of ₹71.4bn. Management resumed shareholder payouts with a final dividend of ₹14/share, signaling strong cash flow visibility.

Highlights
Revenue growthFY26 gross revenue up 7.9% YoY to ₹325 billion.
MarginsTargeting 55% EBITDA margin; energy margins improved to -3.6%.
Order bookHealthy India order book; Africa rollouts to begin soon.
Demand visibilityStrong 5G densification and data consumption growth (29% YoY).
Management confidenceHigh; resumed dividends citing strong FCF and customer position.

Growth

Core rental revenues grew 5.4% YoY in Q4. FY26 normalized EBITDA and PAT grew 11.4% and 13% respectively, excluding one-time writebacks.

Outlook

Expanding into Africa (Zambia, Uganda, Nigeria); maintaining 55%+ EBITDA margin; 70% of capex remains growth-oriented for 5G densification.

Risks

Geopolitical tensions in West Asia causing supply chain disruptions and LPG shortages for tower supplies; potential churn from major customer renewals.

Source

Earnings Call filed with NSE, NSE: INDUSTOWER. Summary written with AI assistance from the document.

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Indus Towers Ltd: key numbers

Share price
₹374.65
Market cap
₹98,839 Cr
Revenue (annual)
₹32,493 Cr
Net profit (annual)
₹7,145 Cr
P/E (TTM)
13.8×Sector 33.0×
Promoter holding
51.26%+0.00% QoQ
FII holding
23.20%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Indus Towers Limited has been assigned an ESG Rating of 69.86 (Leader) by Niche Ninety Nine Capability and Certifications (OPC) Private Limited.