Indus Towers Q4 Results: Profit Down 55%

Indus Towers Ltd. posted its fourth-quarter results, reporting an uptick in revenue, while the bottom line saw a decline.

The company clocked in a top line of Rs 7,727 crore compared to Rs 7,547 crore in the previous quarter. It posted a 56% decline in net profit, standing at Rs 1,779 crore for the March quarter. The net profit in the previous quarter was Rs 4,003 crore.

For the full fiscal ended March 2025, the consolidated revenues stood at Rs 30,123 crore, marking a 5.3% uptick. The consolidated profit after tax stood at Rs 9,932 crore, also up 64.5%.

• Revenue up 2.4% to Rs 7,727 crore versus Rs 7,547 crore.

• Ebitda down 37% to Rs 4,395 crore versus Rs 6,997 crore.

• Margin at 56.9% versus 92.7%.

• Net profit down 55.6% to Rs 1,779 crore versus Rs 4,003 crore.

The company said the industry developments have only strengthened the outlook for the company and the sector.

The management is confident about maintaining the "momentum" by capitalising on customers' network expansion and available strategic opportunities. The fourth quarter of fiscal 2025 had a provision of Rs 226 crore for doubtful receivables, aided by collections against past overdue, the company said in a release.

"During the quarter, the company acquired passive infrastructure assets from Bharti Airtel and accounted for the same as a common control transaction in accordance with Ind AS 103 which requires restatement of financial results of Indus Towers from the date on which common control was established i.e. Nov 19, 2024. Accordingly, Q4 FY25 financial results includes an accounting impact of Rs 183 crore for operating expenses and depreciation," the release said.

"FY25 was another excellent year for us with an all-round performance. We delivered one of our highest ever tower and co-location additions as we continued to garner a major share of our customers' rollouts. Further supplementing our additions was the acquisition of an important tower portfolio, reflecting our agility for driving growth," said Prachur Sah, managing director and chief executive officer of Indus Towers Ltd.

(With inputs from PTI)