Indus Towers Limited — Q1FY27 earnings call summary

Filed 28 July 2026 · Company audio recording

Q1 FY27 EBITDA grew 3.0% YoY to Rs. 45.2bn; margin at 53.6%, down 1.5ppt YoY due to absence of prior year one-offs.
Energy margin negative 4.6% in Q1 due to seasonality and past period settlements; expected to improve in H2.
Supply chain disruptions largely resolved; tower supply normalized, battery supply expected to improve from August.
Energy margins pressured by seasonal diesel consumption and past settlements in Q1; partial mitigation expected via renewables.
Strong order book visibility for next 3-4 quarters, driven by network expansion and tenancy migration.
Solar capacity expanded to 259 MW; ongoing battery modernization program constrained by geopolitical issues but to accelerate.
Cost discipline and digital interventions driving efficiencies in site rentals, supply chain, and energy management.
Battery supply constraints due to geopolitical disturbances may delay energy transition initiatives short term.