Indus Towers Limited has informed the Exchange regarding Transcripts of the Earnings Call on the Company s performance for the fourth quarter (Q4) and financial year ended March 31, 2025
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Indus Towers reported Q4 FY25 gross revenues of Rs. 77.3 billion (+7.4% YoY) with core rental revenues up 10% YoY at Rs. 50.4 billion; Q4 EBITDA grew 7.1% YoY to Rs. 44 billion with margins flat at 56.9%. Full-year FY25 revenue rose 5.3% to Rs. 301 billion and PAT jumped 64.5% to Rs. 99.3 billion, aided by Rs. 51 billion collection of overdue receivables from a major customer. The company completed the acquisition of 12,600 towers from Bharti Airtel in March 2025, taking its macro tower base to 249,305 (+13.5% YoY) and co-locations to 405,435, with tenancy ratio improving to 1.63. The Board has constituted a subcommittee to assess modalities of cash distribution to shareholders, while management highlighted energy cost initiatives including 6% YoY diesel reduction and lithium-ion battery adoption. Network uptime remained industry-leading at 99.98%.
Strong operational performance and full clearance of overdue receivables strengthens the balance sheet and signals improved cash flow visibility, supporting a potential dividend or buyback decision in coming quarters. However, the deferred dividend decision without a clear timeline and management's evasiveness on specific FY26 capex guidance may limit immediate upside, though the Airtel tower acquisition positions Indus well to benefit from ongoing 5G rollouts.