INDUSTOWERBSEIndus Towers LtdHighNeutral
Announced Fri, 1 May · 14:21 IST

Indus Towers Limited has informed the Exchange regarding Revised Quarterly Report for the fourth quarter (Q4) and financial year ended March 31, 2026

Ebitda Margin CompressionPat NegativeResults View source PDF

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AI summary

Indus Towers has issued a revised Q4 FY26 quarterly report to correct an inadvertent typographical error from the April 30, 2026 filing. The company clarifies there is no impact on financial performance. For Q4 FY26, revenue grew 4.8% YoY to Rs 81,010 million, but EBITDA margin compressed to 55.1% from 56.9% YoY. PAT increased marginally by 0.8% to Rs 17,929 million. For the full year FY26, revenue rose 7.9% to Rs 324,931 million, but EBITDA declined 13.8% to Rs 179,756 million with margins falling sharply from 69.2% to 55.3%. Full-year PAT dropped 28.1% to Rs 71,449 million. Operating metrics showed growth with 264,514 macro towers and 428,014 co-locations as of March 31, 2026. Free cash flow declined significantly both quarterly (-71.3% YoY) and annually (-61.8% YoY).

Likely market impact

The revision is administrative with no financial impact, so minimal near-term shareholder impact. However, the underlying FY26 results show concerning trends: EBITDA margin compression of ~14 percentage points year-over-year, 28% decline in PAT, and significant cash flow deterioration, which could weigh on investor sentiment.