Indus Towers Reports Remarkable Q3 Financial Performance

Indus Towers has announced a significant leap in its consolidated net profit, reaching Rs 4,003 crore in the third quarter of 2024-25. This achievement marks a 160% year-on-year increase, compared to Rs 1,541 crore in the same period last year.

The company attributes this financial success to strong tower and colocation additions, alongside significant collections from overdue payments by a major customer. A notable write-back of Rs 3,024 crore in provision for doubtful receivables also contributed to this quarter's impressive results.

Future Growth Prospects

Prachur Sah, Managing Director and CEO of Indus Towers, expressed optimism about the company's future. He highlighted the resumption of network expansion by a major customer and the rollouts by others as key drivers for continued growth. Sah also emphasized the company's superior execution capabilities and customer-centric approach as foundational to their success.

With a return on capital employed rising to 29.3% from 19.2% on a year-on-year basis, Indus Towers is well-positioned for sustained growth and profitability in the telecommunications infrastructure sector.