Indus Towers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
INDUSTOWER · price
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Indus Towers reported Q1 FY26 consolidated revenue from operations of Rs. 80,576 Mn, up about 9.1% year-on-year from Rs. 73,830 Mn in Q1 FY25 and 4.3% sequentially. Net profit for the quarter came in at Rs. 17,368 Mn, down roughly 9.8% year-on-year from Rs. 19,259 Mn and slightly lower sequentially. EPS stood at Rs. 6.59 versus Rs. 7.15 a year ago. Operating profit margin compressed sharply to 33.33% from 40.43% a year earlier, mainly on higher power and fuel costs and increased depreciation following the Bharti Airtel passive infrastructure acquisition. The auditor (Deloitte Haskins & Sells LLP) issued an unmodified opinion but included an Emphasis of Matter flagging material uncertainty about one of the company's largest customers (widely understood to be Vodafone Idea) and its ability to continue as a going concern. Indus continues to hold a Rs. 2,099 Mn doubtful-debt allowance against this customer.
Modest top-line growth but margin pressure and a flat-to-declining bottom line make this a mixed quarter. The customer-concentration risk highlighted in the auditor's Emphasis of Matter remains the single biggest overhang for shareholders, even though Indus itself is still seen as a going concern.