INDUS TOWERS LIMITED

Indus Towers Limited conducted its earnings call on July 28, 2026, to discuss its performance for the first quarter ended June 30, 2026. Management reported healthy rollout momentum, driven by network expansion from major customers and the transition of expired tenancies to Indus. The company maintained a leading market share, achieving significant tenancy growth compared to peers. Operationally, Indus added approximately 3,100 macro towers and 4,200 colocations, resulting in year-on-year growth of 6.3% and 5.1%, respectively. Financially, gross revenues increased by 4.6% year-on-year to INR 84.3 billion, with core revenues from rental up by 5.2%. EBITDA rose by 3.0% year-on-year, while profit after tax saw a slight increase of 0.5%. Management emphasized ongoing investments in technology and sustainability, alongside a commitment to maintain dividend distributions despite new investments in Africa. The call concluded with management expressing confidence in the company's growth trajectory and operational resilience.

Management highlighted strong operational performance and growth opportunities.