Indus Towers Q3 Net Profit Plunges 55.6% to Rs 1,776 Cr Amidst AGR Relief Hopes

• Indus Towers reported a 55.6% year-on-year drop in net profit to Rs 1,776 crore for the December quarter (Q3FY26).
• Consolidated revenue increased by 7.9% year-on-year to Rs 8,146 crore, while EBITDA decreased by 35.6% to Rs 4,509 crore.
• The company expects recent government measures regarding a major customer's Adjusted Gross Revenue (AGR) dues to improve its financial stability and prospects.
• Vodafone Idea (VIL), a debt-laden telecom operator, received a lifeline with its AGR liability capped and a five-year payment moratorium approved.
• Indus Towers is expanding into Africa and continues to integrate digital technologies, automation, and AI-driven capabilities for operational efficiency.

Why It Matters: Indus Towers' Q3 net profit halved, but AGR relief for a major customer offers future financial stability.