Indus Towers' share price surged 2.21% on April 28, 2025, ahead of its board meeting to consider a buyback, bonus, and dividend. The stock rose 21% in one month and delivered 92% returns over three years.
Indus Towers' share price traded in positive terrain on Monday, April 28, 2025. The stock opened at ₹409, touched an intraday high of ₹411.50. At 10:53 am, the stock was trading at ₹406.15, up by 2.21% compared to the previous close of ₹397.35. In the last month, stock has soared by 21% while in the last 12 months it is up by 14.45%. On a long-term basis for a 3 year period, it has generated 92% returns for its shareholders.
At its scheduled meeting on Wednesday, April 30, 2025, Indus Towers' Board of Directors will consider various options to enhance shareholder returns. The agenda includes:
Earlier, Indus Towers Ltd announced that the sale or transfer of the Passive Infrastructure Business Undertaking from Bharti Hexacom Ltd has been put on hold. However, the company has completed the transaction for the purchase of the Passive Infrastructure Business Undertaking from Bharti Airtel Ltd.
On historical terms, the company considered a buyback of shares last year. It is evident from the following table that the company is consistent in dividend distribution. However, this would be the first-ever instance wherein the Indus Tower would announce bonus shares since its listing.
Last five corporate actions:
Earlier in 2024, the company announced a Buyback through a tender offer. The company bought back 5,67,74,193 shares, representing 2.10% of the total equity shares. The total size of the buyback was ₹2,640.00 Crores, and the buyback price was set at ₹465 per share. The face value of each share was ₹10.
| Purpose | ₹ Per Share | Ex-date |
| Buyback of Shares | 465 | 09-Aug-24 |
| Interim Dividend | 11 | 13-May-22 |
| Interim Dividend | 17.82 | 08-Feb-21 |
| Interim Dividend | 2.3 | 05-Aug-20 |
| Interim Dividend | 4.1 | 05-May-20 |
In the Quarterly Results of December 2024, the company reported a revenue of ₹7,547.40 crore, reflecting a YoY growth of 4.84 per cent compared to ₹7,199 crore in December 2023. The operating profit stood at ₹6,958.10 crore, marking a 94.14 per cent increase from ₹3,584 crore in the same quarter last year. The profit after tax (PAT) rose by 159.86 per cent to ₹4,003.20 crore from ₹1,540.50 crore in December 2023.
As of March 2025, the shareholding pattern showed that Bharti Airtel, a leading Indian telecom company, held 50% of the shares. Foreign Institutional Investors (FIIs) held 26.42%, up from 26.15% in the previous quarter, while Domestic Institutional Investors (DIIs) increased their holding to 18.41% from 17.79%. The Public held 5.12%, and Others accounted for 0.03%.
Disclaimer: The article is for informational purposes only and not investment advice.
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