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India
As of 18 Sept 2026, 03:30 pm
For the fiscal year ended March 31, 2026, Indus Towers reported revenue of ₹32,493 crores, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of ₹17,976 crores, and a net profit of ₹7,145 crores. These figures were adopted during the company's 20th Annual General Meeting held on August 19, 2026.
As of September 18, 2026, the daily trend for Indus Towers indicates a bearish Supertrend direction with the closing price of ₹375.9 below the Supertrend value of ₹397.94. The Exponential Moving Average (EMA) 20 is also above the EMA 50, and both are sloping downwards. The weekly trend also shows a bearish Supertrend direction, with the closing price below the Supertrend value of ₹443.3 and the EMA 20 sloping downwards.
Indus Towers officials are scheduled to participate in several investor meetings. They will attend the UBS India Summit 2026 on September 11, 2026. Additionally, they will hold an in-person group meeting with Eastspring Investments and T. Rowe Price on September 18, 2026.
During the 20th Annual General Meeting on August 19, 2026, all five proposed resolutions were approved by shareholders. Key approvals included the adoption of financial statements for the year ended March 31, 2026, the declaration of a dividend for that period, the re-appointment of directors Mr. Soumen Ray and Mr. Rajan Bharti Mittal, and the approval of material related party transactions with Bharti Airtel Limited.
As of 18 Sept 2026, 03:30 pm
Showing 3 of 14 candles
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Upward price movement of 2.92 standard deviations recorded on 2026-08-12.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹8,431.10 crore | ₹8,101 crore | ₹8,146.30 crore | ₹8,188.20 crore | ₹8,057.60 crore |
| Profit Before Tax | ₹2,347.40 crore | ₹2,365.30 crore | ₹2,420.30 crore | PEAK₹2,478.40 crore | ₹2,333.80 crore |
| Tax Expense | ₹601.60 crore | ₹572.40 crore | PEAK₹644.40 crore | ₹639.10 crore | ₹597 crore |
| Profit Loss For Period | ₹1,745.80 crore | ₹1,792.90 crore | ₹1,775.90 crore | PEAK₹1,839.30 crore | ₹1,736.80 crore |
| Basic Earnings Loss Per Share From Continuing And Discontinued Operations | ₹6.62 per share | ₹6.80 per share | ₹6.73 per share | PEAK₹6.97 per share | ₹6.59 per share |
| Diluted Earnings Loss Per Share From Continuing And Discontinued Operations | ₹6.62 per share | ₹6.80 per share | ₹6.73 per share | PEAK₹6.97 per share | ₹6.59 per share |
Revenue from operations reached ₹8,431.10 crore, up 4.64% from ₹8,057.60 crore in the year‑ago quarter. On a sequential basis, revenue grew 4.07% compared with the previous quarter (₹8,101 crore), recovering from a small decline in that period. The top‑line improvement indicates continued activity in the tower infrastructure business.
Indus Towers maintained a debt‑equity ratio of 0.0002 at the quarter end, unchanged from the previous quarter and down from 0.0004 a year earlier. The ratio shows the company carries virtually no debt.
Revenue continued to grow, but profit expanded only fractionally. A sharp 22% rise in finance costs limited the earnings benefit from higher revenue, compressing pre‑tax margins even though the balance sheet remained essentially debt‑free. The quarter illustrates how cost movements — particularly in finance charges — can materially affect profitability despite a stable top line.
Exchange disclosures and regulatory announcements for Indus Towers.
Indus Towers Limited received an ESG Rating of 69.86 (Leader) from Niche Ninety Nine Capability and Certifications (OPC) Private Limited, a Category II SEBI-registered ESG Rating Provider, on September 17, 2026. The rating was assigned independently and voluntarily based on the company's public disclosures, as the company did not engage Niche Ninety Nine for the ESG rating.
Indus Towers officials will attend an in-person group meeting with Eastspring Investments and T. Rowe Price on September 18, 2026, from 1:00 PM to 2:00 PM IST, as disclosed under SEBI Listing Regulations.
Indus Towers Limited officials will attend the UBS India Summit 2026 as an in-person group meeting on Friday, September 11, 2026, from 10:00 A.M. to 5:30 P.M. IST. The company intimated this schedule via a filing dated September 3, 2026, pursuant to SEBI Listing Regulations, noting that the event details are subject to change due to exigencies.
Indus Towers Limited held its 20th Annual General Meeting on August 19, 2026, where all five resolutions were approved with requisite majorities. The meeting resulted in the adoption of financial statements for the year ended March 31, 2026, and the declaration of a dividend for the same period. Additionally, shareholders re-appointed directors Mr. Soumen Ray and Mr. Rajan Bharti Mittal and approved material related party transactions with Bharti Airtel Limited.
Indus Towers Limited held its 20th Annual General Meeting on August 19, 2026, via video conferencing. The meeting adopted the standalone and consolidated financial statements for the fiscal year ended March 31, 2026, and declared a dividend on equity shares. Shareholders approved the re-appointment of directors Soumen Ray and Rajan Bharti Mittal, and a material related party transaction with Bharti Airtel Limited. The company reported revenue of Rs 32,493 crores, EBITDA of Rs 17,976 crores, and a net profit of Rs 7,145 crores for FY 2025-26.
Indus Towers Limited conducted an earnings call on July 28, 2026, to discuss performance for Q1 ended June 30, 2026. Gross revenues grew 4.6% year-on-year to INR 84.3 billion, with core rental revenues up 5.2% to INR 53.7 billion. Reported EBITDA increased 3.0% year-on-year to INR 45.2 billion. The company added approximately 3,100 macro towers and 4,200 colocations during the quarter. Progress on the Africa expansion strategy is on track, with regulatory approvals secured in Nigeria, Uganda, and Zambia, and rollouts expected to commence in the next quarter.
Indus Towers Limited announced the approval of Mr. Randeep Singh Sekhon's appointment as a Director, liable to retire by rotation, through an ordinary resolution passed via postal ballot/e-voting on July 29, 2026. The resolution received an 82.52% approval rate on votes polled. Mr. Sekhon, currently the Chief Technology Officer for Airtel India and South Asia, was initially appointed as an Additional Director by the Board on May 1, 2026.
Recent market and company developments associated with Indus Towers.
HEG announced that its subsidiary, Replus Engitech, has received an order from Indus Towers for the supply of lithium-ion battery banks.
Shares of HEG Advanced Materials Ltd ended at ₹238.55, up by ₹11.35, or 5.00%, on the BSE.
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Comprehensive Section Breakdown for Indus Towers
Strategic Vision: Owns, builds, and operates telecom tower infrastructure.
Category: B2B Services
Indus Towers rents tower space to telecom operators under long-term managed service agreements, builds new towers, and provides site management, power supply, and maintenance services.
• Extensive network of passive telecom infrastructure.
Indus Towers Limited reported revenue of ₹8,431.10 crore for the first quarter of fiscal 2026-27 (quarter ended 30 June 2026), a 4.64% increase over the same quarter last year. Profit before tax, however, rose just 0.58% to ₹2,347.40 crore. The muted profit growth partly reflects a 22.45% surge in finance costs, which absorbed a meaningful share of the revenue gain despite the company’s almost debt‑free balance sheet.
Profit before tax (PBT) edged up 0.58% year‑on‑year to ₹2,347.40 crore. Net profit rose 0.52% to ₹1,745.80 crore, and basic earnings per share increased 0.46% to ₹6.62. Because revenue grew much faster than profit, the pre‑tax profit margin narrowed from 28.97% in the year‑ago quarter to 27.84% in the current quarter.
Sequentially, PBT declined 0.76% and net profit fell 2.63%, indicating that earnings did not strengthen even as the top line improved.
Finance costs were a notable driver of the cost picture. They jumped 22.45% year‑on‑year to ₹485.50 crore, up from ₹396.50 crore, and increased 3.54% sequentially. This rise occurred while the debt‑equity ratio stood at just 0.0002, so the higher finance charge did not result from a build‑up of leverage.
Depreciation, a large non‑cash charge tied to the capital‑intensive tower network, came in at ₹1,893.60 crore — roughly 81% of profit before tax.
Other expense and income items included employee benefit expense of ₹215.10 crore and other income of ₹121.20 crore. Tax expense was ₹601.60 crore, up 0.77% year‑on‑year, with the effective tax rate remaining near 25.6%.
Management reported a resilient Q1 performance despite supply chain disruptions, supported by customer-led network expansion, disciplined cost management, and strong cash flow generation. The company is investing in digital transformation, AI-led capabilities, and energy management to strengthen operational agility and service delivery. International expansion is progressing well, with licenses secured in all three African target markets and rollouts on track to commence in 2026.
Management sees rising demand for digital infrastructure and believes its differentiated value proposition, execution excellence, and technology-led approach position it to capitalize on growth opportunities. Regarding a large customer (Vodafone Idea), management noted that the customer continues to pay monthly billing and is confident of generating sufficient cash flow; management believes carrying amounts of receivables and PPE related to that customer will be recovered in normal course of business.
Core Thesis: The company leverages its passive infrastructure network to provide essential services to multiple telecom operators.
• Tower Sharing: Indus Towers rents tower space to multiple telecom operators, enabling co-location on a single tower under managed service agreements. • Tower Construction & Rollout: The company constructs new towers at locations requested by telecom customers to support network expansion. • Managed Services: Beyond hosting, Indus Towers offers site management, power supply, and maintenance services for its tower locations.