Q3 2026 Indus Towers Ltd Earnings Call Transcript
Key Points
- Indus Towers Ltd (BOM:534816) reported a 7.9% year-on-year increase in total revenues, reaching INR81.5 billion, driven by healthy colocation additions.
- The company added 3,548 macro towers and 6,105 colocations during the quarter, reflecting a year-on-year growth of 10.6% and 9% in tower and co-location base, respectively.
- Indus Towers Ltd (BOM:534816) has made significant progress in reducing diesel consumption by 4% year-on-year, with 40,000 sites now equipped with solar access.
- The company is actively involved in digital transformation, equipping sites with IoT connectivity and smart meters, which enhances operational efficiency and asset performance.
- Indus Towers Ltd (BOM:534816) is expanding its footprint in Africa with a focus on organic growth, establishing a holding structure and progressing on key work streams like licensing and regulatory approvals.
- Reported EBITDA declined by 35.6% year-on-year and 2.3% quarter-on-quarter to INR45.1 billion, with EBITDA margin lower by 37.4 percentage points year-on-year.
- Profit after tax decreased by 55.6% year-on-year and 3.4% quarter-on-quarter to INR17.8 billion, impacted by negligible provision write-backs.
- Energy margins remained negative, though improved from previous quarters, indicating ongoing challenges in achieving cost neutrality.
- The company faces uncertainty regarding future CapEx intensity and cash return plans, with potential easing expected only in a 2-3 year timeframe.
- Indus Towers Ltd (BOM:534816) is cautious about providing specific guidance on future tenancy growth and revenue trajectory, reflecting market uncertainties.
Good afternoon, ladies and gentlemen. I am Michelle, the moderator for this conference. Welcome to the Indus Towers Limited third-quarter ended December 31, 2025 earnings call. (Operator Instructions)
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 MD and CEO of Indus Towers, Mr. Prachur Sah. Thank you, and over to you, sir.
Thank you, Michelle. 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 am pleased to present our business performance for the quarter ending on December 31, 2025. Building on the momentum we saw in the previous quarter
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