“Indus Towers FY25: Holding Up Mobile Networks and Shareholder Dreams (Barely)”📡 EduInvesting.in | May 11, 2025

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📊 Key Highlights (Airtel Tower Edition)

Metric	FY25	YoY Growth
Revenue	₹30,123 Cr	📈 +5.3%
Net Profit	₹9,932 Cr	🚀 +64.5%
EBITDA	₹20,845 Cr	🪜 +41.9%
Towers Held	2.49 Lakh	🏗️ More than Indian marriages
Sharing Factor	1.63	👯 Slightly less than your Netflix account

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🏗️ “We Build Towers. Please Use Them.”

Indus Towers is that guy who builds infrastructure but gets friend-zoned by telecom operators. In FY25, they posted nearly ₹10,000 crore in profit — which is impressive considering nobody outside the telecom world knows they exist.

Even the net profit grew like your parents’ hopes when you finally got a haircut — a whopping 64.5% YoY.

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😬 Q4 FY25 — A Little Static in the Signal

Metric	Q4 FY25	Q4 FY24	Change
Revenue	₹7,727 Cr	₹7,196 Cr	📈 +7.4%
Net Profit	₹1,779 Cr	₹1,854 Cr	📉 -4%
Excuses Made	Countless		✔️ Normal

And why did profit fall?
Because they set aside ₹226 crore in provisions. For what? “Doubtful receivables.” Aka: “We called, they didn’t pick up.”

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📞 Still India’s Largest Missed Call Enabler

Indus owns 2,49,305 towers. Yes, the kind you ignore every day while scrolling memes. But they’re critical infrastructure — and they’re now renting them out with better efficiency.

Imagine owning land, then charging people rent to stand on it. Now imagine doing that 2.5 lakh times.
That’s Indus Towers.
Except, when one tenant doesn’t pay (like cough Vodafone Idea cough), they quietly take a ₹200+ crore hit and smile for the investor call.

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🧮 New Acquisitions: Add to Cart

In a mid-year impulse buy (like your Amazon splurge during Prime Day), Indus picked up assets from Bharti Airtel and Bharti Hexacom worth ₹3,308.7 crore.

Now they’ve got more towers than Ambani has product categories.

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🪙 But What About Dividends, Bro?

Investors: “Where’s my money?”
Indus: sips chai awkwardly

There was no dividend or buyback announcement.
Market response?
-7% in one day.

Why? Because if you earn ₹10,000 crore and still say “wait for it…” like Barney Stinson from HIMYM, the market WILL swipe left.

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🧠 EduInvesting’s Honest Investor Thoughts

“Indus Towers is like a landlord with a great building, but the tenants are broke. It’s profitable today, but you’ll never sleep peacefully.”
— An investor, after refreshing Vodafone’s payment status for the 100th time

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🔮 Outlook: Will 5G Save the Day?

With 5G towers needed faster than you can say “buffering”, Indus is well-placed to benefit.

BUT…

• They still rely heavily on telcos who delay payments like you delay gym workouts.
• The sharing ratio is stable, but not increasing drastically.
• Vi still exists.

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🔥 EduInvesting Verdict:

“Solid business, shaky tenants. Think Airbnb, but your guests are on prepaid plans.”

🧾 If you like stability and can ignore dividend cravings, Indus may be a long-term hold.

If you want excitement, this stock is slower than Airtel customer care.