Shares of Indus Towers declined by 2.05% to Rs 349.15 in Friday's session, making it one of the top losers on the Nifty Midcap 150 index.
Financial Highlights
The company's consolidated financial performance shows consistent growth in revenue and net profit over the past few years. Here's a summary of the key financials:
Consolidated Quarterly Performance:
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 7,383.00 Crore | Rs 7,465.30 Crore | Rs 7,547.40 Crore | Rs 7,727.10 Crore | Rs 8,057.60 Crore |
| Net Profit | Rs 1,925.90 Crore | Rs 2,223.50 Crore | Rs 4,003.20 Crore | Rs 1,779.10 Crore | Rs 1,736.80 Crore |
| EPS | 7.15 | 8.30 | 15.18 | 6.75 | 6.59 |
Consolidated Yearly Performance:
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 13,954.30 Crore | Rs 27,717.20 Crore | Rs 28,381.80 Crore | Rs 28,600.60 Crore | Rs 30,122.80 Crore |
| Net Profit | Rs 2,912.70 Crore | Rs 6,373.10 Crore | Rs 2,040.00 Crore | Rs 6,036.20 Crore | Rs 9,931.70 Crore |
| EPS | 17.52 | 23.65 | 7.57 | 22.40 | 37.31 |
| BVPS | 58.91 | 82.19 | 78.33 | 100.33 | 123.19 |
| ROE | 23.80 | 28.77 | 9.66 | 22.32 | 30.56 |
| Debt to Equity | 0.44 | 0.25 | 0.22 | 0.16 | 0.07 |
Consolidated Yearly Income Statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | 30,122 | 28,600 | 28,381 | 27,717 | 13,954 |
| Other Income | 345 | 361 | 361 | 458 | 396 |
| Total Income | 30,468 | 28,961 | 28,743 | 28,175 | 14,350 |
| Total Expenditure | 15,680 | 20,103 | 24,529 | 18,141 | 9,623 |
| EBIT | 14,788 | 8,857 | 4,213 | 10,034 | 4,727 |
| Interest | 1,634 | 735 | 1,453 | 1,603 | 836 |
| Tax | 3,222 | 2,086 | 719 | 2,057 | 977 |
| Net Profit | 9,931 | 6,036 | 2,040 | 6,373 | 2,912 |
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | 8,057 | 7,727 | 7,547 | 7,465 | 7,383 |
| Other Income | 163 | 91 | 83 | 113 | 56 |
| Total Income | 8,220 | 7,818 | 7,631 | 7,579 | 7,439 |
| Total Expenditure | 5,412 | 5,024 | 2,157 | 4,181 | 4,439 |
| EBIT | 2,808 | 2,793 | 5,473 | 3,397 | 3,000 |
| Interest | 474 | 430 | 254 | 417 | 408 |
| Tax | 597 | 583 | 1,215 | 756 | 665 |
| Net Profit | 1,736 | 1,779 | 4,003 | 2,223 | 1,925 |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | 19,645 | 11,582 | 7,904 | 9,121 | 7,481 |
| Investing Activities | -10,910 | -7,545 | -1,730 | -2,173 | 1,797 |
| Financing Activities | -8,647 | -3,995 | -7,132 | -5,981 | -9,376 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 86 | 40 | -957 | 965 | -97 |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | 2,638 | 2,694 | 2,694 | 2,694 | 2,694 |
| Reserves & Surplus | 29,860 | 24,329 | 18,402 | 19,455 | 13,182 |
| Current Liabilities | 9,786 | 10,156 | 8,162 | 8,826 | 13,950 |
| Other Liabilities | 20,885 | 18,687 | 17,311 | 16,990 | 15,116 |
| Total Liabilities | 63,170 | 55,867 | 46,572 | 47,967 | 44,943 |
| Fixed Assets | 44,947 | 39,722 | 32,738 | 32,004 | 32,073 |
| Current Assets | 12,929 | 10,490 | 8,707 | 12,311 | 9,629 |
| Other Assets | 5,293 | 5,655 | 5,126 | 3,651 | 3,240 |
| Total Assets | 63,170 | 55,867 | 46,572 | 47,967 | 44,943 |
| Contingent Liabilities | 0 | 12,549 | 12,072 | 11,832 | 12,565 |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 37.31 | 22.40 | 7.57 | 23.65 | 17.52 |
| Diluted Eps (Rs.) | 37.31 | 22.40 | 7.57 | 23.65 | 17.52 |
| Book Value [Excl. Reval Reserve]/Share (Rs.) | 123.19 | 100.33 | 78.33 | 82.19 | 58.91 |
| Dividend/Share (Rs.) | 0.00 | 0.00 | 0.00 | 11.00 | 20.12 |
| Face Value | 10 | 10 | 10 | 10 | 10 |
| Gross Profit Margin (%) | 70.34 | 52.15 | 35.33 | 55.41 | 54.28 |
| Operating Margin (%) | 49.09 | 30.97 | 16.58 | 36.20 | 33.87 |
| Net Profit Margin (%) | 32.97 | 21.10 | 7.18 | 22.99 | 20.87 |
| Return on Networth / Equity (%) | 30.56 | 22.32 | 9.66 | 28.77 | 23.80 |
| ROCE (%) | 27.70 | 19.37 | 12.25 | 25.63 | 15.25 |
| Return On Assets (%) | 15.72 | 10.80 | 4.38 | 13.28 | 8.40 |
| Current Ratio (X) | 1.32 | 1.03 | 1.07 | 1.39 | 0.69 |
| Quick Ratio (X) | 1.32 | 1.03 | 1.07 | 1.39 | 0.69 |
| Debt to Equity (x) | 0.07 | 0.16 | 0.22 | 0.25 | 0.44 |
| Interest Coverage Ratios (X) | 12.96 | 20.29 | 6.90 | 9.58 | 5.65 |
| Asset Turnover Ratio (%) | 0.51 | 0.56 | 0.60 | 0.60 | 31.04 |
| Inventory Turnover Ratio (X) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 3 Yr CAGR Sales (%) | 4.25 | 43.16 | 105.16 | 101.50 | 45.17 |
| 3 Yr CAGR Net Profit (%) | 24.84 | 43.96 | 3.13 | 107.75 | 56.37 |
| P/E (x) | 8.96 | 13.00 | 18.89 | 9.39 | 13.98 |
| P/B (x) | 2.71 | 2.90 | 1.83 | 2.70 | 4.16 |
| EV/EBITDA (x) | 4.18 | 5.54 | 4.31 | 4.19 | 9.64 |
| P/S (x) | 2.93 | 2.74 | 1.36 | 2.16 | 4.74 |
Moneycontrol analysis is Bullish on Indus Towers as of 2025-09-19.
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