Shares of Indus Towers declined over 5% on Thursday, July 31, after the company reported a weak set of earnings in the first quarter.Its first quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) of ₹4,390.1 crore were a miss in comparison to the previous quarter’s ₹4,395.2 crore. Its EBITDA margin also contracted sequentially from to 54.5% from 56.9%.
The company added 2,468 towers in the June quarter in comparison to 14,662 towers in the previous one. It had a total of 2.5 lakh towers at the end of the June quarter.
Its profit after tax declined 2.4% sequentially to ₹1,736 crore from ₹1,779.1 crore in the fourth quarter of the financial year 2025. This was due to higher D&A cost and lower other income.
Indus Towers reported a rupee revenue of ₹8,057.6 crore in the first quarter, in comparison to 7,727.1 crore in the fourth quarter of FY25.Its tenancy for the first quarter was at 6,079 compared to 18,616 in the previous quarter.
The company added 2,468 towers in the June quarter in comparison to 14,662 towers in the previous one. It had a total of 2.5 lakh towers at the end of the June quarter.
Its profit after tax declined 2.4% sequentially to ₹1,736 crore from ₹1,779.1 crore in the fourth quarter of the financial year 2025. This was due to higher D&A cost and lower other income.
Indus Towers reported a rupee revenue of ₹8,057.6 crore in the first quarter, in comparison to 7,727.1 crore in the fourth quarter of FY25.Its tenancy for the first quarter was at 6,079 compared to 18,616 in the previous quarter.
The company also did not announce any dividend or buyback. It carries an allowance for doubtful receivables of ₹209.9 crore.
Indus Towers were down 5.12% at ₹364.15 apiece at 10.40 am on Thursday. The stock has declined 13.5% in the past month.
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