Indus Towers reports strong Q2 FY26 results, eyes African expansion

Indus Towers Limited reported a consolidated revenue of INR 8,188 Crores for Q2 FY26, a 9.7% year-on-year increase. However, consolidated EBITDA decreased by 6.0% to INR 4,613 Crores, and profit after tax fell by 17.3% to INR 1,839 Crores for the quarter. The company maintained a strong tower base, totaling 256,074 towers with a closing sharing factor of 1.62.

The company's board of directors approved a strategic entry into the African market, targeting Nigeria, Uganda, and Zambia for long-term growth and value creation. This expansion is expected to diversify revenue and enhance operational scalability. Indus Towers was also recognized with several accolades, including "Best Organisations to Work 2025" by ET NOW.

Indus Towers highlighted improvements in Return on Capital Employed to 26.3% and a stable Return on Equity (Post Tax) at 29.0%. During Q2 FY26, there was a write-back of INR 195 Crores in provision for doubtful receivables due to successful collections.