Indus Towers Limited — Updates, 23-01-2025: Press Release

Indus Towers has reported consolidated financial results for the third quarter and nine months, showcasing robust growth. Revenues for the quarter reached Rs. 7,547 Crores, reflecting a year-on-year increase of 4.8%. EBITDA soared to Rs. 6,997 Crores, up 93.2%, with an impressive EBITDA margin of 92.7%. Profit after tax nearly tripled to Rs. 4,003 Crores, marking a significant year-on-year growth of 159.9%.

The company’s tower base now stands at 234,643, with a closing sharing factor of 1.65. The strong financial performance was bolstered by major collections and successful tower and colocation additions, highlighting Indus Towers' superior execution capabilities. Looking ahead, the anticipated resumption of network expansions by key customers, alongside other rollouts, is expected to drive further growth. The focus on sustainable practices, including strategic partnerships under Green Energy Open Access, signals a commitment to long-term growth potential.