Q2 growth, margin improvement and Africa rollout

Management guided margin improvementOrder pipeline disclosedInvestor Communications View source PDF Explain this filing

INDUSTOWER · price

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Price reactionminutes from the announcement price · days from the prior close

+1.0%Reaction day

₹378.30

prior close

₹381.45

announcement price

In-mkt

timing

Nifty Midcap 150market+1.3%-0.3% vs market

Telecom - Infrastructure peers, median of 5sector+2.7%-1.8% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Midcap 150 and 1.8 pts less than its Telecom - Infrastructure peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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10m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.0+1.3-0.3+2.7-1.8

Next day

+3.5+2.3+1.2+7.1-3.7

+3.0+3.9-0.9+9.2-6.2

+0.8+5.9-5.1+15.0-14.2

+1.3pendingpending+12.2-11.0

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15d

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UpDownMarket · Nifty Midcap 150Sector · Telecom - Infrastructure peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Q2 revenue was INR85.2 billion, up 1% sequentially and 4% year on year. Operating profit before interest, tax, depreciation and amortisation rose 2.5% to INR46.3 billion, with margin up 0.8 percentage points to 54.4%. Indus added 2,900 towers and 7,900 co-locations, lifting tenancy to 1.63. Free cash flow was INR14 billion. A strong order book was reported, and Africa deployments began in Zambia and Uganda.

Likely market impact

Strong order visibility, co-location growth and better margins support the outlook, while rollout timing, Africa execution and renewal risks remain watch points.