Indus Towers Limited — Investor Meet, 05-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Indus Towers reported a strong Q1 FY26, with gross revenue up 9.1% YoY to ₹8,060 Cr and core rental revenue increasing 10.1% to ₹5,110 Cr. Profit after tax stood at ₹1,740 Cr. The company added 2,468 macro towers and 5,777 co-locations, maintaining a stable 1.63 tenancy ratio. Despite adverse weather impacting diesel use, energy margins improved to -4%. The Board decided to conserve cash short-term, citing industry landscape, customer stability, and capex, with a reassessment by year-end. Indus remains focused on tower business growth, backed by a robust order book and ongoing network upgrades.