Indus Towers Q3 Profit Plunges 56% Despite Revenue Growth

• Indus Towers reported a net profit of ₹1,776 crore in Q3FY26, a 55.6% decrease from ₹4,003 crore last year.
• Revenue for the quarter increased by 7.9% year-on-year, reaching ₹8,146.3 crore.
• Return on equity (pre-tax) fell to 27.3% from 46.1%, and return on capital employed dropped to 20.3% from 29.3%.
• Q3FY25 included a significant write-back of ₹3,024 crore from doubtful receivables, boosting last year's profit.
• The company's MD & CEO, Prachur Sah, highlighted robust performance supported by increased colocations and operational improvements, with shares closing up 1.89%.

Why It Matters: Indus Towers saw a sharp 56% profit drop in Q3 despite revenue growth, impacted by a prior year's one-off gain.