Indus Towers Sees Marginal Q4 Profit Decline Amid Airtel Tower Deal, Finance Expenses

Indus Towers on Wednesday reported a 4 percent year-on-year decline in its net profit for the quarter ended March 31, 2025, as higher finance costs and accounting adjustments related to its acquisition of towers from Bharti Airtel weighed on the bottom line. The company posted a net profit of Rs 1,779 crore for the fourth quarter, even as revenue rose 7.4 percent year-on-year to Rs 7,727 crore.

• Make Telecom Talk My Trusted Source
• 
• 

Also Read: Indus Towers and IIT Bombay Partner for Sustainable Energy Research: Report

One-Time Accounting Costs

“Return on Capital Employed improved to 29.1 percent as against 19.4 percent on Y-o-Y basis. Q4 FY25 had a write back of Rs 226 Crores in provision for doubtful receivables, aided by collections against past overdue,” Indus Towers said in an exchange filing on April 30, 2025.

Additionally, the acquisition of telecom tower assets from Bharti Airtel earlier this year had a one-time accounting impact on earnings. “During the quarter, the Company acquired passive infrastructure assets from Bharti Airtel and accounted for the same as a common control transaction,” Indus said.

Accordingly, the company said the Q4 FY25 financial results included an accounting impact of Rs 183 Crores for operating expenses and depreciation.

Tower and Co-location Additions

Operationally, Indus Towers reported strong growth, adding 14,662 macro towers during the quarter, bringing its total tower count to 249,305, with a closing sharing factor of 1.63. The company also added 18,616 co-locations, taking the total to 405,435. The quarter’s tower additions included assets acquired from Bharti Airtel in a Rs 3,308.7 crore cash transaction, which contributed 10,380 macro towers and 2,226 lean co-locations.