Indus Towers will consider different means to further drive growth and increase market share, the company has announced at its 1st May earnings call covering Q4 and full FY25 year ending March 31, 2025. This includes participating in customer network rollouts to increase tower growth - both new tower build or bringing more tenancies in existing sites, or through acquisitions.
During the last quarter, the towerco acquired 16,000 towers from Bharti Airtel and Bharti Hexacom.
The company reported a strong operational and financial performance and a 5.3% year-on-year (Y-o-Y) increase in consolidated revenues for the FY25 year. Its consolidated Profit after Tax for the year grew 64.5% Y-o-Y.
Indus Towers reported an Y-OY increase in co-locations to 405,435 from 368,588 and a sharing ratio (closing sharing factor) of 1.63x.
“FY25 was another excellent year for us with an all-round performance. We delivered one of our highest ever tower and co-location additions as we continued to garner a major share of our customers’ rollouts. Further supplementing our additions was the acquisition of an important tower portfolio, reflecting our agility for driving growth. This has underpinned our robust financial performance, including healthy cash flow generation. I am also pleased to see that our continued engagement with a major customer ensured recovery of its overdues this year. We believe that the industry developments during the year have only strengthened the outlook for the Company and the sector. Given our inherent strengths and leadership position, we are confident of maintaining the momentum by capitalizing on customers’ network expansion and available strategic opportunities,” commented Prachur Sah, Managing Director and CEO, Indus Towers Limited.
