Share price of Indus Towers’ Climbs Amid Robust Q3 Performance

Market Performance

Shares of Indus Towers rose 2% in the morning session on January 24, 2025, after the company posted better-than-expected Q3 FY25 results. The stock traded at ₹370 per share on the NSE by 9:30 AM, reflecting a gain of approximately 1% from the previous closing price of ₹366.6.

Key Highlights from Q3 FY25 Results

• Revenue: Revenue from operations increased 4.8% year-on-year, reaching ₹7,547 crore compared to ₹7,199 crore in the same period last fiscal.
• Net Profit: Consolidated net profit surged 159.9% year-on-year to ₹4,003 crore, driven by significant overdue collections from Vodafone Idea and steady tower additions.
• Tower Metrics:
  • The average sharing factor per tower stood at 1.65.
  • Net lean colocation additions during the quarter totalled 132, with total lean colocations reaching 11,492.

Company Insights and Strategic Focus

Indus Towers has demonstrated strong execution capabilities and customer-centricity by maintaining a dominant share of rollouts for key clients like Vodafone Idea. This has translated into meaningful tenancy growth, reiterating the company in the telecommunications infrastructure sector.

CEO Prachur Sah highlighted the company’s ability to leverage its operational excellence for consistent tower and colocation additions.

Summary

Indus Towers delivered an impressive Q3 FY25 performance, with growth in revenue and profitability. Overdue collections, tenancy additions, and strong operational performance fueled the results. These factors reflect the company’s ability to capitalize on its dominant market position and execution capabilities.