Indus Towers Limited share price
NSE: INDUSTOWER · ISIN INE121J01017
Key numbers
- Market cap
- ₹ 98,803 Cr
- Current price
- ₹ 374.65
- 52-week high / low
- ₹ 482 / 338
- Stock P/E
- 14.0
- Book value
- ₹ 156.9
- Dividend yield
- 3.74%
- ROCE
- 20.0%
- ROE
- 18.9%
- Debt to equity
- 0.53
- Sales growth (3 yrs)
- 4.6%
- Profit growth (3 yrs)
- 51.9%
- 1-year return
- 4.6%
About Indus Towers Limited
Indus Towers Limited, a telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for telecommunication service providers in India, Nigeria, Uganda, and Zambia. It offers ground base towers, smart poles, and rooftop towers; and energy supply to telecom equipment, as well as engages in site acquisition from state governments, military, establishments, educational institutions, municipalities, households, transportation authorities, and private enterprises. The company also provides smart digital infrastructure, which includes smart poles LED lights, CCTV cameras, variable digital messaging board, environment sensors, and city public Wi-Fi services, including fiber backbone. In addition, it offers grid energy, diesel, and renewable energy and energy storage; small cells, fibre to the home, and one web; in-building solutions; and other projects. The company was formerly known as Bharti Infratel Limited and changed its name to Indus Towers Limited in December 2020. Indus Towers Limited was incorporated in 2006 and is based in Gurugram, India. Indus Towers Limited operates as a subsidiary of Bharti Airtel…
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 7,727 | 8,058 | 8,146 | 8,101 | 8,431 |
| Operating profit | 4,483 | 4,390 | 4,509 | 4,464 | 4,521 |
| Net profit | 1,779 | 1,737 | 1,776 | 1,793 | 1,746 |
| EPS (₹) | 6.75 | 6.59 | 6.73 | 6.80 | 6.62 |
Concall summary (2026-08-03)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- As per the latest report from TRAI, 5G subscription base in the country grew by 36 million in Q4 FY26, totaling to over 427 million.
- As per TRAI's latest publication, the total data consumption and average monthly data usage per user during Q4 FY26 grew by 31% and 20% year-on-year, respectively.
Growth & demand
- We added almost 3,100 macro towers and 4,200 corresponding colocations during the quarter, resulting in a year-on-year growth of 6.3% and 5.1% in tower and colocation base, respectively.
- Gross revenues grew by 4.6% year - on-year to INR 84.3 billion.
Margins & costs
- Reported EBITDA was up by 3.0% year-on-year and 1.2% quarter- on-quarter to INR 45.2 billion.
- The EBITDA margin was lower by 1.5 percentage points year - on-year and 0.9 percentage points quarter-on-quarter at 53.6% in Q1.
Capex & expansion
- So if I divide the growth capex for this quarter with the number of towers added, the number which I get is around INR 39 lakhs per tower.
- And according to my understanding, the standard capex for typical tower will be around INR 20 lakhs to INR 25 lakhs.
Balance sheet & cash
- The customer network expansion activity remained healthy during the quarter, supporting a steady financial performance and continued strong cash flow generation.
- Please note that in Q1 of FY26, there were write-backs of approximately INR 0.9 billion relating to collection of overdue receivables from a major customer.
Peers in Telecom Services
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