Indus Towers

Indus Towers delivered a steady Q4 FY26 with revenue of ₹8,100 croreCurrent reported value: ₹8,100 crore. No comparable prior figure is available in the source record. (+4.8Current reported value: 4.8. No comparable prior figure is available in the source record.% YoY) and EBITDA of ₹4,460 croreCurrent reported value: ₹4,460 crore. No comparable prior figure is available in the source record. (55.1Current reported value: 55.1. No comparable prior figure is available in the source record.% margin). Core rental revenue grew 5.4% YoY, driven by 6,192 net collocation additionsCurrent reported value: 6,192 net collocation additions. No comparable prior figure is available in the source record. and a tower base of 264,500Current 264,500. Reported change: +6.1% YoY.. PAT was ₹1,790 croreCurrent reported value: ₹1,790 crore. No comparable prior figure is available in the source record. (+0.8Current reported value: 0.8. No comparable prior figure is available in the source record.% YoY), with normalized EBITDA up 4.5% YoY excluding one-offs. The board recommended a final dividend of ₹14 per shareCurrent reported value: ₹14 per share. No comparable prior figure is available in the source record., distributing full-year free cash flow. Key drivers include strong customer network expansion, cost optimization (diesel consumption down 7% YoY), and improved energy margins (-3.6% vs -5.2% last year). Guidance points to a healthy order book, though supply chain disruptions from geopolitical tensions pose near-term risks. Africa expansion is progressing, with Zambia license secured and initial deployments expected within six months. Risk: potential churn from a major customer's non-renewal of expired contracts, though management downplays impact.