Indus Towers Q2FY26 Net Profit Falls 17% YoY to ₹1,839 Crore; Revenue Rises 9.6%, Shares Gain 3%

New Delhi, October 28, 2025: Indus Towers Ltd, a significant player in telecom infrastructure, reported a 17% decrease in its consolidated net profit to ₹1,839 crore for the quarter ending September 30, 2025 (Q2FY26), mainly reflecting outstanding dues from one of its large customers.

The company had reported a net profit of ₹2,223.5 crore in the same quarter of the previous year. However, the profit improved sequentially by about 6%, backed by operational efficiency gains and cost control measures. As of 10:40 AM, shares of Indus Towers Ltd are trading at ₹382.80, which is a 3.10% gain from the previous close.

Revenue Grows, Collections Improve

Revenue from operations increased 9.6% to ₹8,188 crore in Q2FY26, compared to ₹7,465 crore in the preceding quarter. The company also reported a writeback of ₹195 crore in its provisions for doubtful receivables mainly due to enhanced collections on past dues.

In its filings, the company indicated to its customers that one large customer represents a “significant” proportion of its revenue and outstanding receivables. Of this customer, it is widely known that it was Vodafone Idea, and this customer has indicated to Indus Towers an intention and ability to settle past vendor liabilities, subject to government support on the AGR matter, and also fundraising efforts occurring and available to the customer through debt/equity and from internal cash generation activities.

While the customer continues to make payments equivalent to the monthly billing, Indus Towers clarified that it has not recognized revenue equalisation assets related to lease rentals, given the customer’s financial position.

Strategic Expansion and Operational Update

Commenting on the results, Managing Director and CEO Prachur Sah said the company’s focus on cost efficiency continues to strengthen profitability. “The quarter also marked the announcement of our plan to foray into Africa, a strategic step towards supplementing our long-term growth by extending Indus Towers’ proven execution capabilities to new high-potential markets,” Sah added.

Indus Towers’ total tower base expanded to 2,56,074, with 26,416 new towers added over the last 12 months, underscoring continued network expansion by telecom operators across the country.

Indus Towers Share Price Update

As of 10:40 AM, shares of Indus Towers Ltd are trading at ₹382.80, which is a 3.10% gain from the previous close. Indus Towers Ltd shares have gained 9.62% in the last year, 10.35% in the year-to-date, 9.32% in the last month, and 4.62% in the last 5 days. Shares of Indus Towers Ltd opened at ₹377.00 and moved to a high of ₹384.80, with a low of ₹375.50 during the trading session. The company’s market capitalization stands at ₹1 lakh crore.

REF: https://nsearchives.nseindia.com/corporate/BHARTIINFRATEL_27102025200056_SEIntimationPressRelease27102025.pdf

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