Financial Results Overview

Consolidated Performance (Q2 FY27):

  • Revenue from operations: ₹85,156 million (vs ₹81,882 million in Q2 FY26)
  • Other income: ₹1,062 million
  • Total income: ₹86,218 million
  • Profit before tax: ₹24,112 million
  • Tax expense: ₹6,184 million (Current tax: ₹4,644 million, Deferred tax: ₹1,540 million)
  • Net profit: ₹17,928 million (vs ₹18,393 million in Q2 FY26)
  • EPS (Basic & Diluted): ₹6.80

Half Year Performance (H1 FY27):

  • Revenue from operations: ₹169,467 million
  • Net profit: ₹35,386 million
  • EPS (Basic & Diluted): ₹13.42

Key Financial Metrics

Balance Sheet (Consolidated as of September 30, 2026):

  • Total assets: ₹727,458 million
  • Property, plant and equipment: ₹342,950 million
  • Right of use assets: ₹168,451 million
  • Cash and cash equivalents: ₹1,440 million
  • Total equity: ₹394,633 million
  • Total liabilities: ₹332,825 million

Cash Flow (H1 FY27 Consolidated):

  • Cash from operations: ₹81,966 million
  • Cash used in investing: ₹(24,002) million
  • Cash used in financing: ₹(56,992) million
  • Net increase in cash: ₹972 million

Significant Developments

1. Dividend Payment: Paid final dividend of ₹36,931 million for FY26, approved by shareholders at AGM on August 19, 2026

2. ESOP Activity: Indus Towers Employees Welfare Trust transferred 786,285 equity shares to employees during H1 FY26

3. Subsidiaries: Results include 11 subsidiaries including recently incorporated international entities in Dubai, Uganda, Zambia, Nigeria, and GIFT City

Customer Concentration Risk

  • A large customer accounts for significant portion of revenue and outstanding receivables
  • Customer paying monthly billing amounts but revenue equalization income not recognized due to financial condition
  • Management believes carrying amount of receivables (₹47,935 million) and PPE will be recovered in normal course

Standalone Financial Highlights

Q2 FY27 Standalone:

  • Revenue from operations: ₹85,150 million
  • Net profit: ₹17,986 million
  • EPS: ₹6.82

H1 FY27 Standalone:

  • Revenue from operations: ₹169,461 million
  • Net profit: ₹35,440 million

Audit Details

  • Financial results audited by Deloitte Haskins & Sells LLP
  • Unmodified audit opinion issued for both consolidated and standalone results
  • Audit Committee meeting held on October 27, 2026 (1:50 PM to 4:35 PM IST)