{"id":179289,"date":"2026-02-03T03:43:01","date_gmt":"2026-02-03T08:43:01","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=179289"},"modified":"2026-02-03T03:43:03","modified_gmt":"2026-02-03T08:43:03","slug":"indus-towers-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/indus-towers-q3-fy26-earnings-results\/","title":{"rendered":"Indus Towers Q3 FY26 Earnings Results"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Executive Summary<\/strong><\/h2>\n\n\n\n<p>Indus Towers Ltd reported Q3FY26 revenues of \u20b98,146 crore, up 7.94% YoY, but consolidated net profit plunged 55.63% to \u20b91,776 crore due to sharp expense escalation and prior-year high base effects. Revenue growth from colocation expansion and 5G rollout was offset by normalized margins post-AGR adjustments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Revenue &amp; Growth<\/strong><\/h2>\n\n\n\n<p>Revenues increased to \u20b98,146 crore from \u20b97,547 crore YoY, driven by 7.9% operational growth and tenant additions. Total expenses surged 143.78% YoY to \u20b95,880 crore, reflecting normalized provisioning after Q3FY25&#8217;s exceptional AGR relief impact.<\/p>\n\n\n\n<p><strong>Profitability &amp; Margins<\/strong><br>Consolidated net profit declined 55.63% YoY to \u20b91,776 crore from \u20b94,003 crore, with EBITDA falling 35.6% to \u20b94,509 crore at 55.3% margins (down from 92.7%). Basic EPS dropped 55.64% to \u20b96.73 from \u20b915.17; sequential PAT down 3.45%.<\/p>\n\n\n\n<p><strong>Balance-Sheet Highlights<\/strong><br>Fixed assets rose to \u20b929,446 crore from \u20b926,663 crore YoY, supporting tower infrastructure capex. Current assets of \u20b912,930 crore exceeded liabilities of \u20b99,787 crore, maintaining liquidity; FY25 operating cash flow hit \u20b919,645 crore.<\/p>\n\n\n\n<p><strong>Cash Flow \/ Liquidity<\/strong><br>Strong historical cash generation continues; 9M FY26 net profit at \u20b953,520 million despite 34.4% YoY decline from elevated base.<\/p>\n\n\n\n<p><strong>Key Ratios \/ Metrics<\/strong><br>Operating margin normalized to 54.85%; PAT margin at 21.8%. 9M revenue up 8.9% to \u20b9243,921 million amid African market entry (Nigeria, Uganda) and UAE subsidiaries.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/IND-839x1024.png\" alt=\"\" class=\"wp-image-179290\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/IND-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/IND-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/IND-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/IND-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/IND.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Executive Summary Indus Towers Ltd reported Q3FY26 revenues of \u20b98,146 crore, up 7.94% YoY, but consolidated net profit plunged 55.63% to \u20b91,776 crore due to sharp expense escalation and prior-year high base effects. Revenue growth from colocation expansion and 5G rollout was offset by normalized margins post-AGR adjustments. Revenue &amp; Growth Revenues increased to \u20b98,146 [&hellip;]<\/p>\n","protected":false},"author":1932,"featured_media":179290,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392],"tags":[15637],"class_list":["post-179289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","tag-wireless-communication-tower"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/IND.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":169803,"url":"https:\/\/alphastreet.com\/india\/indus-towers-ltd-q1-fy26-earnings-results-revenue-up-9-net-profit-falls-10-yoy\/","url_meta":{"origin":179289,"position":0},"title":"Indus Towers Ltd Q1 FY26 Earnings Results \u2013 Revenue Up 9%, Net Profit Falls 10% YoY","author":"Divyansh_Kasana","date":"August 6, 2025","format":false,"excerpt":"Indus Towers Limited is a leading provider in the Indian telecom infrastructure sector, focused on establishing, operating, and maintaining wireless communication towers that support seamless mobile connectivity for leading telecom operators across the country. Q1 FY26 Earnings Summary (Apr\u2013Jun 2025) Revenue:\u20b98,058 crore, up 9.14% year-on-year (YoY) from \u20b97,383 crore in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/INDUS.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/INDUS.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/INDUS.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/INDUS.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/INDUS.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/INDUS.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":142850,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-indus-tower-limited-for-q3-fy23\/","url_meta":{"origin":179289,"position":1},"title":"Earnings Summary Of Indus Tower Limited For Q3 FY23","author":"Hardik Bhandare","date":"February 27, 2023","format":false,"excerpt":"Indus Towers (NSE: INDUSTOWER) is a telecom tower infrastructure company in India. It was founded in 2007 and is headquartered in Gurgaon. Indus Towers is jointly owned by Bharti Infratel, Vodafone Idea and Providence Equity Partners. The company's main business is to own and operate telecom tower infrastructure and lease\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171888,"url":"https:\/\/alphastreet.com\/india\/indus-towers-q2-fy26-earnings-results\/","url_meta":{"origin":179289,"position":2},"title":"Indus Towers Q2 FY26 Earnings Results","author":"Divyansh_Kasana","date":"October 28, 2025","format":false,"excerpt":"Indus Towers Limited is a leading telecom infrastructure company engaged in setting up, operating, and maintaining wireless communication towers across India. Q2 FY26 Financial Summary: Revenues increased 9.69% year on year to \u20b98,188 crore from \u20b97,465 crore. Total expenses rose sharply by 25.93% to \u20b95,793 crore from \u20b94,600 crore. Consolidated\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Q2 FY26","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/IS.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/IS.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/IS.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/IS.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/IS.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/IS.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179759,"url":"https:\/\/alphastreet.com\/india\/bharti-airtel-q3-fy26-earnings-results\/","url_meta":{"origin":179289,"position":3},"title":"Bharti Airtel Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"February 6, 2026","format":false,"excerpt":"Bharti Airtel Ltd reported consolidated financial results for Q3 FY26 ended 31 December 2025. Key figures show revenue growth offset by a sharp profit decline. Executive Summary Bharti Airtel Ltd's Q3 FY26 revenues reached \u20b953,982 crore, up 19.62% YoY from \u20b945,129 crore. Consolidated net profit fell 47.3% YoY to \u20b98,503\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":139380,"url":"https:\/\/alphastreet.com\/india\/indus-towers-limited-q3-fy23-company-posted-a-net-loss-of-%e2%82%b9708-crore\/","url_meta":{"origin":179289,"position":4},"title":"Indus Towers Limited Q3 FY23; Company Posted A Net Loss Of \u20b9708 Crore","author":"Hardik Bhandare","date":"January 27, 2023","format":false,"excerpt":"Indus Towers Limited (NSE: INDUSTOWER) reported Revenue from Operations for Q3 FY23 of \u20b96,765 Crore, up from \u20b96,927.4 Crore last year, a growth of -2.3%. The Net Loss was -\u20b9708.2 Crore, compared to a profit of \u20b91,570.8 Crore in the same quarter of the previous year. The Earnings per Share\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/7638f101-6077-4516-92c1-9a90df5972fb-1-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/7638f101-6077-4516-92c1-9a90df5972fb-1-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/7638f101-6077-4516-92c1-9a90df5972fb-1-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/7638f101-6077-4516-92c1-9a90df5972fb-1-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/7638f101-6077-4516-92c1-9a90df5972fb-1-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/7638f101-6077-4516-92c1-9a90df5972fb-1-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170107,"url":"https:\/\/alphastreet.com\/india\/vip-industries-q1-fy26-earnings-results\/","url_meta":{"origin":179289,"position":5},"title":"VIP Industries Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 13, 2025","format":false,"excerpt":"VIP Industries is engaged interalia, in the business of manufacturing and marketing of luggage, bags and accessories. Presenting below are its Q1 FY26 earnings results. \u00a0 Q1 FY26 Earnings Results Revenue: \u20b9561 crore, down 12% year-over-year (YoY) from \u20b9640 crore in Q1 FY25. Quarter-on-quarter (QoQ), revenue improved by 8.8% over\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"VIP Industries Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-8.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-8.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-8.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-8.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-8.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/2-8.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/179289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1932"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=179289"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/179289\/revisions"}],"predecessor-version":[{"id":179291,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/179289\/revisions\/179291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/179290"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=179289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=179289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=179289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}