Indus Towers (NSE:INDUSTOWER) Operating Income: ₹107,762 Mil (TTM As of Jun. 2026)

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NSE:INDUSTOWER Indus Towers Ltd NSE:INDUSTOWER
89 GF Score
Price ₹386.00
GF Value ₹408.54
Valuation Fairly Valued
! 1 Warning Sign
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What is Indus Towers Operating Income?

Indus Towers NSE:INDUSTOWER +0.70% 89 Operating Income is ₹107,762 Mil as of Jun. 2026. GuruFocus rates NSE:INDUSTOWER with a GF Score™ of 89/100 and a GF Value™ of ₹408.54 (Fairly Valued). The stock has 1 warning sign investors should review.

Indus Towers's Operating Income for the three months ended in Jun. 2026 was ₹26,272 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹107,762 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Indus Towers's Operating Income for the three months ended in Jun. 2026 was ₹26,272 Mil. Indus Towers's Revenue for the three months ended in Jun. 2026 was ₹84,311 Mil. Therefore, Indus Towers's Operating Margin % for the quarter that ended in Jun. 2026 was 31.16%.

Good Sign:

Indus Towers Ltd operating margin is expanding. Margin expansion is usually a good sign.

Indus Towers's 5-Year average Growth Rate for Operating Margin % was 5.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Indus Towers's annualized ROC % for the quarter that ended in Jun. 2026 was 12.66%. Indus Towers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 22.43%.


Indus Towers  (NSE:INDUSTOWER) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Indus Towers's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=105088 * ( 1 - 25.63% )/( (608110 + 626826)/ 2 )
=78153.9456/617468
=12.66 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Indus Towers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=113316/( ( (501150 + max(1798, 0)) + (507431 + max(-1053, 0)) )/ 2 )
=113316/( ( 502948 + 507431 )/ 2 )
=113316/505189.5
=22.43 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49393 + 268 + 6192) - (46526 + 0 + 7529)
=1798

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49226 + 372 + 5820) - (31801 + 0 + 24670)
=-1053

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Indus Towers's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=26272/84311
=31.16 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Indus Towers Operating Income Related Terms


Indus Towers Operating Income Historical Data

* Premium members only.

The historical data trend for Indus Towers's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Indus Towers Operating Income Chart

Indus Towers Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 96,177.00 44,431.00 86,340.00 144,426.00 108,348.00

Indus Towers Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26,858.00 28,119.00 27,106.00 26,265.00 26,272.00
NSE:INDUSTOWER
89GF Score
Indus Towers Ltd NSE:INDUSTOWER
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Indus Towers Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹107,762 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹107,762 Mil mean?
Indus Towers (NSE:INDUSTOWER) has a Operating Income of ₹107,762 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Indus Towers and its competitors.
Is Indus Towers' Operating Income too high?
Indus Towers' current Operating Income is ₹107,762 Mil. Overall, Indus Towers has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indus Towers' Operating Income compare to VZ and TMUS?
Indus Towers' Operating Income of ₹107,762 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Telecommunication Services company?
A good Operating Income depends on the Telecommunication Services industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Indus Towers and its competitors. Indus Towers's current Operating Income is ₹107,762 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indus Towers stock overvalued right now?
Based on GuruFocus' analysis, Indus Towers (NSE:INDUSTOWER) is currently considered Fairly Valued. The stock's GF Value™ is ₹408.54, compared to a current price of ₹386.00 — trading 5.5% below its estimated fair value. The current Operating Income is ₹107,762 Mil. Indus Towers' overall GF Score™ is 89/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Indus Towers (NSE:INDUSTOWER), the current Operating Income is ₹107,762 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Indus Towers (NSE:INDUSTOWER) Overvalued in 2026?

Based on GuruFocus' analysis, Indus Towers stock appears to be undervalued. The current stock price of ₹386.00 is trading 5.5% below its estimated GF Value™ of ₹408.54. GuruFocus considers Indus Towers to be Fairly Valued.

Key valuation signals for NSE:INDUSTOWER:

  • Operating Income: ₹107,762 Mil
  • GF Value™: ₹408.54 vs. price of ₹386.00 (5.5% below fair value)
  • GF Score™: 89/100 with 1 warning sign

No single metric tells the full story. See the NSE:INDUSTOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indus Towers Business Description

Other Exchanges 534816:India
Address DLF Cyber City, Building No. 10, 4th Floor, Tower A, Gurugram, HR, IND, 122002
Indus Towers Ltd Ltd is a telecommunications tower infrastructure service provider. The company deploys, owns, and manages telecom towers and communication structures for mobile operators. The company acquires and builds towers, while also owning and operating telecom towers and related infrastructure. The company generates revenue through a rental fee to tenants of mobile towers. Energy costs such as electricity and fuel charts are usually passed through to tenants. The company generates the vast majority of its revenue in India. The company's assets are located in India and are often ground-based and rooftop towers.
89GF Score

Get the complete analysis for NSE:INDUSTOWER

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹386.00
Price
₹408.54
GF Value