Indus Towers reported a 4.6% year-on-year increase in gross revenues for Q1 FY27, reaching INR 84.3 billion. Reported EBITDA grew by 3.0% year-on-year to INR 45.2 billion. The company also provided an update on its Africa expansion strategy and highlighted consistent 5G deployment momentum, with the installed base of 5G BTSs reaching 563,000.
Indus Towers Reports Strong Q1 FY27 Performance
Indus Towers Limited has announced its financial results for the first quarter ended June 30, 2026 (Q1 FY27), showcasing a healthy performance driven by continued network expansion and robust cash flow generation. The company reported a 4.6% year-on-year growth in gross revenues, reaching INR 84.3 billion, with core revenues from rentals increasing by 5.2% year-on-year to INR 53.7 billion.
Profitability and Key Financials
Reported EBITDA for the quarter was up by 3.0% year-on-year to INR 45.2 billion. The EBITDA margin stood at 53.6%. Profit after tax was INR 17.5 billion, up 0.5% year-on-year. Free cash flow remained robust at INR 14.4 billion during the quarter. The company emphasized its resilient financial performance, supported by continued customer rollouts and disciplined cost management.
Operational Highlights and Strategic Initiatives
Indus Towers highlighted healthy rollout momentum, supported by network expansion from major customers and growth in tenancy. The company added approximately 3,100 macro towers and 4,200 colocations during the quarter. A key focus remains on sustainability, with a 13% year-on-year reduction in diesel consumption achieved through renewable energy deployment and battery modernization.
The company also provided an update on its Africa expansion strategy, having secured regulatory approvals and operating licenses in Nigeria, Uganda, and Zambia. Rollouts are expected to commence in the next quarter. In India, the focus remains on growing the tower business, including lean towers, IBS, and institutional deployments in buildings, metro stations, and railways.
5G Network Growth
The company noted the continued growth in 5G networks, with subscription bases rising. Indus Towers continues to support operator deployments, contributing to the installed base of 5G BTSs reaching 563,000.
Source: BSE
