📡 Indus Towers Q3: Profit Declines Sharply, Revenue Growth Steady

Indus Towers reported a mixed Q3 performance, with consolidated net profit falling to ₹1,780 crore, compared to ₹4,000 crore in the same quarter last year. Despite the profit decline, revenue grew to ₹8,150 crore from ₹7,547 crore YoY, indicating steady tenancy and billing growth. EBITDA declined to ₹4,510 crore from ₹6,997 crore, while margins contracted sharply to 55.34% from 92.71%, reflecting pressure on profitability despite healthy topline momentum. #IndusTowers #Q3Results #TelecomStocks #EarningsUpdate #StockYardResearch