Q2 2026 Indus Towers Ltd Earnings Call Transcript
Key Points
- Indus Towers Ltd (BOM:534816) reported a significant uptick in tower additions, with 4,301 macro towers and 4,505 co-locations added in Q2, reflecting a year-on-year growth of 11.5% and 9.6%, respectively.
- The company achieved an industry-leading network uptime of 99.965% in Q2, despite challenging weather conditions, showcasing strong operational resilience.
- Indus Towers Ltd (BOM:534816) continues to expand its solar site base, adding 3,900 solar sites during the quarter, bringing the total to approximately 36,000, which supports its sustainability goals.
- The company has announced its strategic foray into Africa, targeting markets like Nigeria, Uganda, and Zambia, which presents a long-term growth opportunity.
- Financial performance remained robust with total revenue growing by 9.7% year-on-year to INR81.9 billion, driven by strong tower additions and core rental revenues increasing by 11.3% year-on-year.
- The EBITDA margin declined by 9.4 percentage points year-on-year to 56.3% in Q2, impacted by higher diesel usage due to prolonged monsoon seasons.
- Profit after tax decreased by 17.3% year-on-year, highlighting challenges in maintaining profitability amidst operational expansions.
- Energy margins were negative at 4.8% in Q2, affected by increased diesel consumption due to weather disruptions, indicating ongoing challenges in energy cost management.
- The company faces uncertainties regarding dividend payouts, contingent on clarity around AGR and Vodafone Idea's financial situation.
- The expansion into Africa involves risks related to currency volatility and potential challenges in dividend upstreaming, which could impact financial stability.
Good afternoon, ladies and gentlemen. I am Rateja, the moderator for this conference. Welcome to the Indus Towers Limited second quarter ended September 30, 2025 earnings call. (Operator Instructions) In case of a natural disaster, the conference call will be terminated post an announcement.
Present with us on the call today is the senior leadership team of Indus Towers. Before I hand over the call, I must remind you that the overview and discussions today may include certain forward-looking statements that must be viewed in conjunction with the risks that we face.
I now hand the conference over to Mr. -- over to MD and CEO of Indus Towers, Mr. Prachur Sah. Thank you, and over to you, Mr. Sah.
Thank you, Rateja, and a very warm welcome to all participants. Joining me today are my colleagues, Mr. Vikas Poddar, CFO; Mr. Tejinder Kalra, COO; and Mr. Dheeraj Agarwal, Head, Investor Relations on the call. I'm pleased to present our business performance
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
