Indus Towers Q3 net profit jumps 160% to Rs 4,003 crore

Indus Tower’s Q2 EBITDA came in at Rs 6,997 crore against Rs 3,622 crore in the year-ago period, a surge of 93.2 percent.

Indus Towers on January 23 reported a consolidated net profit of Rs 4,003 crore for the quarter that ended December 2024, marking a 159.9 per cent increase from Rs 1,541 crore in the same quarter of the previous financial year on the back of significant collections of overdue from Vodafone Idea and robust tower additions.

The company saw its revenue from operations rise by 4.8 percent, reaching Rs 7,547 crore, up from Rs 7,199 crore in the corresponding quarter of the previous fiscal year.

Indus Tower’s Q3 EBITDA came in at Rs 6,997 crore against Rs 3,622 crore in the year-ago period, a surge of 93.2 percent.

For the quarter that ended Dec 31, 2024, Indus had an average sharing factor of 1.65 per tower. During the quarter, net lean colocation additions aggregated to 132. Lean colocations stood at 11,492.

“We are pleased to see our ability to maintain a dominant share of our major customers’ rollouts reap dividends in the form of robust tower and colocation additions, reiterating our superior execution capabilities and customer-centric approach,” Prachur Sah, managing director and CEO of Indus Towers said in a statement.

“The strong additions along with significant collections of overdue from a major customer helped us record an excellent financial performance. We expect the resumption of network expansion by a major customer coupled with the rollouts by other customers to act as strong levers of growth,” he added.

During the quarter ending December 31, 2024, consequent to the change in composition of the Company's Board of Directors due to the cessation of nominee directors of Vodafone.

Shareholders, the company became a subsidiary of Bharti Airtel Limited. The promoters owned ~50.005 percent of the company as of December 31, 2024.