Indus Towers Q3 FY26 Results: Profit plunges 56% even as revenue rises, margins contract

Indus Towers

Indus Towers reported a sharp year-on-year decline in third-quarter profitability, with net profit plunging 55.6% to Rs 1,776 crore, even as revenue rose 7.9% to Rs 8,146 crore.

EBITDA fell 35.6% to Rs 4,509 crore, while margins narrowed significantly to 55.3% from 92.7% a year earlier.

Return on Capital Employed declined to 20.3% as against 29.3% on Y-o-Y basis. Q3 FY25 had a write back of Rs. 3,024 Crores in provision for doubtful receivables, aided by collections against past overdue, Indus said in a statement.

Prachur Sah, Managing Director and CEO, said the company delivered a resilient operational performance during the quarter, aided by higher colocations and continued improvement in profitability. He added that deeper integration of digital technologies, automation and AI-led capabilities enhanced asset visibility, operational control and execution speed.

Sah noted that recent government measures addressing AGR dues of a key customer are expected to strengthen the customer’s financial position, which should benefit Indus. He added that the company remains focused on operational excellence, disciplined investments and capturing a larger share of customer rollouts.

The company’s preparations for expansion into Africa also advanced during the quarter, with an emphasis on accelerating execution.