Quarterly results for Indus Towers Ltd

Indus Towers Limited – Q1 FY26 Results Summary
Announcement Date: July 30, 2025

Key Financial Metrics (Consolidated):
- Revenue: Rs. 80,576 million, up 9.1% YoY (Q1 FY25: Rs. 73,830 million) and 4.2% QoQ (Q4 FY25: Rs. 77,271 million)
- EBITDA (Profit before depreciation, amortisation, finance costs/income, charity & tax): Rs. 44,752 million (margins not explicitly stated but operating profit margin at 33.33%)
- Net Profit: Rs. 17,368 million, down 9.8% YoY (Q1 FY25: Rs. 19,259 million) and down 2.4% QoQ (Q4 FY25: Rs. 17,791 million)
- Net Profit Margin: 21.55% (Q1 FY25: 26.09%; Q4 FY25: 23.02%)
- Earnings Per Share (EPS): Rs. 6.59, down from Rs. 7.15 YoY and Rs. 6.75 QoQ

Balance Sheet and Financial Ratios:
- Debt-Equity Ratio: 0.04 (down from 0.07 in Q4 FY25)
- Interest Coverage Ratio: 10.53x
- Net Worth: Rs. 336,745 million
- Current Ratio: 1.42
- Debtor Turnover (annualised): 7.06x (improved from 5.12x in Q4 FY25)
- Allowance for doubtful receivables reduced to Rs. 883 million (from Rs. 2,264 million in Q4 FY25)

Management Commentary and Key Developments:
- Acquisition of passive infrastructure business from Bharti Airtel Limited completed on March 24, 2025; accounted as a common control transaction with provisional purchase consideration of Rs. 18,050 million after adjustments.
- Significant customer concentration risk highlighted due to one large customer’s material uncertainty on going concern status; this customer accounts for a substantial portion of revenue and receivables.
- Allowance for doubtful receivables related to this customer stands at Rs. 2,099 million (down from Rs. 2,981 million as of March 31, 2025).
- No revenue equalization asset recognized related to lease rentals from this customer due to financial condition.
- No new capex or project spend disclosed.

Segment Performance:
- Single business and geographical segment: wireless communication towers. No segmental breakdown provided or required.

Outlook:
- No explicit guidance provided in this filing.

Auditor’s Opinion:
- Unmodified (clean) audit opinion on both consolidated and standalone results with emphasis on material uncertainty related to the large customer’s financial condition.

This summary captures the key financial and operational highlights from Indus Towers Limited’s Q1 FY26 results announcement.

Note: This is an AI generated summary of the results. There may be inaccuracies in the summary. Please refer to the original document before making investment decisions.