Indus Towers Q3 Profit Soars 160% to ₹4,003 Crore

Indus Towers Limited reported a stellar financial performance for the quarter ending December 31, 2024, with consolidated net profit skyrocketing by 160% to ₹4,003 crore. This sharp rise, compared to ₹1,541 crore in the same quarter of the previous year, was attributed to significant collections of overdue payments from Vodafone Idea and robust tower additions. The company’s revenue from operations increased by 4.8% to ₹7,547 crore, up from ₹7,199 crore in Q3 FY24, showcasing consistent growth in its core operations.  

Key Financial Highlights

Indus Towers’ EBITDA surged by an impressive 93.2%, reaching ₹6,997 crore against ₹3,622 crore in the corresponding period last year. This growth was driven by increased operational efficiencies and enhanced revenue collection. Additionally, the average sharing factor per tower stood at 1.65 during the quarter, reflecting the company’s ability to optimize tower utilization.  

The quarter also witnessed net lean colocation additions of 132, with total lean colocations recorded at 11,492. These additions underscore the company’s robust infrastructure expansion and its commitment to supporting telecom operators in their network rollouts.  

Management Insights and Operational Developments

Prachur Sah, Managing Director and CEO of Indus Towers, expressed satisfaction with the company’s performance, emphasizing its customer-centric approach and superior execution capabilities. “The strong additions, coupled with significant overdue collections from a major customer, have enabled us to achieve an excellent financial performance,” Sah stated. He highlighted that the resumption of network expansion by key customers, including Vodafone Idea, alongside rollouts by others, would continue to act as strong growth drivers.  

During the quarter, a notable shift occurred in the company's ownership structure. With the cessation of Vodafone nominee directors, Indus Towers became a subsidiary of Bharti Airtel Limited. As of December 31, 2024, Bharti Airtel and other promoters owned approximately 50.005% of the company.  

Conclusion

Indus Towers’ remarkable Q3 performance demonstrates its resilience and operational excellence amidst a challenging telecom landscape. The company's ability to secure overdue collections, coupled with its strategic focus on infrastructure expansion, positions it well for sustained growth. With key customers resuming network rollouts, Indus Towers is poised to capitalize on emerging opportunities in the telecom infrastructure space.