Indus Towers reported a 4% year-on-year decline in net profit for the quarter ended March 31, 2025, posting ₹1,779 crore in Q4 earnings. The dip was primarily driven by higher finance costs and one-time accounting adjustments related to its acquisition of telecom towers from Bharti Airtel, despite a 7.4% revenue increase to ₹7,727 crore.
One-Time Accounting Impact
According to the company’s April 30 exchange filing, the quarter saw a ₹226 crore write-back in provisions for doubtful receivables due to improved collections on overdue payments. However, the tower acquisition from Bharti Airtel—accounted for as a “common control transaction”—resulted in an accounting impact of ₹183 crore related to operating expenses and depreciation.
Strong Operational Performance
Operationally, Indus Towers saw significant growth, adding 14,662 macro towers during Q4, pushing its total tower count to 249,305 with a closing sharing factor of 1.63. The company also added 18,616 co-locations, bringing the total to 405,435. The acquisition of Airtel’s tower assets, worth ₹3,308.7 crore in cash, contributed 10,380 macro towers and 2,226 lean co-locations.
Positive Outlook
“FY25 was another excellent year for us with strong operational and financial performance,” said Prachur Sah, Managing Director and CEO of Indus Towers. “The strategic acquisition of Airtel’s tower portfolio and our continued recovery of overdue payments further demonstrate our agility and resilience.”
Sah emphasized optimism about future prospects: “Industry developments have bolstered our outlook. With our scale and leadership, we’re well-positioned to capture upcoming network expansion opportunities and drive sustained growth.”
