Indus Towers quarterly results and financials

Indus Towers (INDUSTOWER)₹383.55+0.43%(9 Nov 2026 close)Telecom - Infrastructure

Key facts

In the Sep 2026 quarter (consolidated), Indus Towers reported sales of ₹8,524 Cr, up 4.0% from Sep 2025, and net profit of ₹1,790 Cr, down 2.5% year on year. For the year to Mar 2026, sales were ₹32,506 Cr and net profit ₹7,138 Cr.

Sales (Sep 2026): ₹8,524 Cr
Net profit (Sep 2026): ₹1,790 Cr
Sales (FY Mar 2026): ₹32,506 Cr
Net profit (FY Mar 2026): ₹7,138 Cr
EPS (Sep 2026): ₹6.79
Borrowings (Mar 2026): ₹21,032 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Indus Towers quarterly results

₹ crore unless stated; each column is a quarter.

Indus Towers Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	7,202	7,204	7,397	7,471	7,560	7,739	8,069	8,198	8,153	8,104	8,435	8,524
Expenses	3,602	3,111	2,870	2,592	587	3,320	3,656	3,604	3,663	3,665	3,937	3,912
Operating Profit	3,581	4,073	4,505	4,864	6,957	4,393	4,387	4,567	4,469	4,420	4,475	4,589
OPM %	50.1%	57.1%	61.1%	65.1%	92.1%	57.1%	54.1%	56.1%	55.1%	55.1%	53.1%	54.1%
Other Income	99.30	108	56.16	114	84.20	92.22	85.26	83.30	154	155	121	106
Interest	10.99	127	407	418	255	430	436	376	404	376	358	341
Depreciation	1,591	1,561	1,556	1,577	1,565	1,688	1,700	1,796	1,794	1,832	1,890	1,938
Profit before tax	2,073	2,487	2,589	2,977	5,210	2,359	2,329	2,475	2,417	2,363	2,344	2,406
Tax %	26.0%	25.9%	26.0%	24.9%	22.9%	24.9%	26.0%	25.9%	26.9%	24.0%	25.9%	26.0%
Net Profit	1,538	1,851	1,923	2,223	4,000	1,776	1,734	1,835	1,775	1,791	1,744	1,790
EPS (Rs)	5.71	6.87	7.14	8.42	15.15	6.73	6.57	6.96	6.72	6.79	6.61	6.79

Indus Towers profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Indus Towers Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	5,561	6,093	6,632	6,831	6,753	13,980	27,739	28,416	28,646	30,171	32,506	33,215
Expenses	3,057	3,248	3,453	3,698	3,172	6,745	12,769	18,657	13,994	9,438	14,633	15,177
Operating Profit	2,487	2,825	3,154	3,109	3,559	7,174	14,893	9,671	14,561	20,640	17,796	17,953
OPM %	45.1%	46.1%	48.1%	46.1%	53.1%	51.1%	54.1%	34.1%	51.1%	69.1%	55.1%	54.1%
Other Income	1,685	1,965	1,605	1,564	1,852	1,265	459	85.27	1,495	766	820	537
Interest	32.96	38.95	45.91	52.91	334	834	1,600	1,668	1,860	1,855	1,891	1,478
Depreciation	1,153	1,164	1,177	1,063	1,279	2,842	5,311	5,310	6,047	6,384	7,120	7,454
Profit before tax	2,975	3,577	3,524	3,548	3,783	4,746	8,413	2,754	8,116	13,132	9,591	9,531
Tax %	25.0%	22.9%	29.0%	30.0%	13.0%	20.9%	24.0%	25.9%	25.9%	23.9%	26.0%	—
Exceptional items	274	408	−77.81	239	272	166	207	−59.82	211	334	430	—
Net Profit	2,246	2,744	2,490	2,491	3,293	3,775	6,366	2,037	6,029	9,914	7,138	7,099
EPS (Rs)	11.83	14.83	13.45	13.46	17.81	14.00	23.61	7.56	22.35	37.61	27.03	26.91
Dividend payout %	24.9%	107.9%	104.0%	110.9%	58.9%	142.9%	47.0%	0.0%	0.0%	0.0%	51.9%	—

Indus Towers balance sheet

₹ crore, at each year end.

Indus Towers Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1,890	1,895	1,848	1,848	1,850	1,849	2,689	2,690	2,693	2,688	2,633	2,631
Reserves	15,098	16,336	13,645	15,111	12,679	11,687	13,162	19,435	18,414	24,293	29,813	36,914
Borrowings	2,571	0.00	277	0.00	5.98	4,609	21,496	19,653	19,106	20,444	21,074	21,032
Other Liabilities	7,516	2,449	5,138	2,648	2,565	1,576	7,455	6,062	6,248	8,258	9,468	10,492
Total Liabilities	27,075	20,680	20,909	19,606	17,099	19,721	44,801	47,840	46,460	55,683	62,988	71,068
Fixed Assets	14,745	6,044	5,771	5,577	5,312	6,685	31,674	31,713	32,285	39,148	44,217	49,303
CWIP	226	70.09	58.09	110	118	54.08	274	179	355	423	567	630
Investments	5,881	10,060	11,169	12,328	9,913	11,170	2,271	1,653	276	2.99	1,487	4,316
Other Assets	6,222	4,506	3,910	1,590	1,756	1,811	10,581	14,294	13,545	16,109	16,716	16,820
Inventories	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.97	26.91
Trade receivables	352	196	300	275	551	367	3,822	7,055	4,863	6,443	4,761	4,937
Cash & equivalents	913	3,163	2,255	31.07	2.01	147	14.01	982	22.02	63.09	1,859	1,554
Total Assets	27,075	20,680	20,909	19,606	17,099	19,721	44,801	47,840	46,460	55,683	62,988	71,068

Indus Towers cash flow

₹ crore, for each year.

Indus Towers Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	4,005	1,918	2,877	3,479	3,171	2,322	7,509	9,148	7,932	11,619	19,703	15,749
Cash from investing activity	−935	1,545	−236	−1,849	1,596	−1,010	1,793	−2,169	−1,728	−7,533	−10,877	−10,172
Cash from financing activity	−3,179	−1,449	−2,664	−3,548	−4,779	−1,181	−9,352	−5,963	−7,116	−3,984	−8,623	−5,570
Net cash flow	−136	2,013	−42.16	−1,946	−36.13	118	−98.29	970	−961	41.15	87.31	−102
Capex	2,085	909	1,012	1,076	960	832	2,125	3,295	3,632	8,985	6,805	8,648
Free cash flow	2,176	1,112	1,961	2,520	2,330	1,585	5,528	6,251	4,736	3,137	13,384	7,789
CFO / OP %	97.0%	105.0%	130.1%	136.1%	128.1%	80.1%	119.0%	74.1%	105.1%	92.1%	104.1%	99.1%

Indus Towers ratios

Working-capital days and returns, by year.

Indus Towers Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	11	13	18	15	29	20	100	93	63	82	58	55
Cash conversion cycle	11	13	18	15	29	20	100	93	63	82	58	55
Working capital days	−107	−43	−208	−42	−25	−150	−174	10	2	2	−3	6
ROCE %	15.0%	14.0%	18.0%	23.0%	21.0%	23.0%	19.0%	25.0%	11.0%	22.0%	29.0%	19.0%

Indus Towers: frequently asked questions

What are the latest quarterly results of Indus Towers?

For the Sep 2026 quarter, Indus Towers reported sales of ₹8,524 Cr, up 4.0% year on year and net profit of ₹1,790 Cr, down 2.5% year on year. The operating margin was 54.1%.

What is the annual revenue of Indus Towers?

Indus Towers' sales for the year to Mar 2026 were ₹32,506 Cr; over the last twelve months they were ₹33,215 Cr.

What is the net profit of Indus Towers?

Net profit for the year to Mar 2026 was ₹7,138 Cr, and ₹7,099 Cr over the last twelve months. Earnings per share over the same trailing period were ₹26.91.

How much debt does Indus Towers have?

Indus Towers reported borrowings of ₹21,032 Cr at Mar 2026, against cash and equivalents of ₹1,554 Cr.

What is the free cash flow of Indus Towers?

Cash from operations was ₹15,749 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹7,789 Cr.

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