INDUSTOWERBSEIndus Towers LtdMediumNeutral
Announced Fri, 8 May · 17:46 IST

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, 2026

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AI summary

Indus Towers reported Q4 FY26 total revenues of INR 81 billion (up 4.8% YoY) with core rental revenues at INR 53.1 billion. EBITDA stood at INR 44.6 billion with a healthy margin of 55.1%, while PAT was INR 17.9 billion. For full year FY26, gross revenue was INR 325 billion and core revenues INR 209 billion, both showing solid growth. The Board recommended a dividend of INR 14 per share, distributing the full-year free cash flow of INR 37.6 billion to shareholders. Operationally, the company added 4,892 macro towers and 6,192 co-locations during Q4, maintaining a stable tenancy ratio of 1.62. The Africa expansion is progressing with Zambia operations starting soon and regulatory approvals underway in Uganda and Nigeria. Management flagged near-term supply chain disruptions due to geopolitical factors affecting tower availability and deployment timelines but confirmed a healthy order book for India operations.

Likely market impact

Strong operational performance and full FCF distribution signals confidence in cash generation, though rising maintenance costs and supply chain headwinds warrant monitoring. The company remains a key play on India's 5G network densification with improving customer mix.