Indus Towers expanded its footprint, adding 2,468 macro towers and 5,777 macro co-locations, finalizing the Bharti Airtel passive infrastructure acquisition.

Revenue grew 9.1% YoY to Rs 8,057.6 Cr, though EBITDA declined slightly by 3.4% YoY.

The company strengthened its balance sheet, achieving a net cash position of Rs 2,461.2 Cr after redeeming Rs 375 Cr in debentures.

Structurally, Vodafone shareholders were reclassified to public.

Industry-wise, India's 5G subscriber base continues strong growth, while regulatory policies become more enabling.