Data consumption growth deceleration
Analyst noted data consumption growth has decelerated, which could reduce demand for new towers and tenancies.
INDUSTOWER / Q4-FY25 / risks
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Indus Towers · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
ARPT dilution from tower acquisition
Acquisition of single-tenancy Airtel towers dilutes average rental per tower, impacting reported ARPT metrics.
Energy margin volatility
Energy margins remain negative (adjusted -2%) due to reconciliation issues and seasonality; improvement uncertain.
Satellite broadband competition
Potential partnerships between Starlink and telcos could reduce reliance on terrestrial towers, though management sees no near-term impact.