Transcript

Moderator

Good afternoon, ladies and gentlemen. I am Nirav, the moderator for this conference. Welcome to Indus Towers Limited first quarter ended June 30th, 2026 earnings call. For the duration of the presentation, all participant lines will be in the listen-only mode. After the presentation, the question and answer session will be conducted for all participants on this call. In case of a natural disaster, the conference call will be terminated post an announcement. Present with us on this call today is the senior leadership team of Indus Towers. Before I hand over the call, I must remind you that the overview and discussions today may include certain forward-looking statements that must be viewed in conjunction with the risk that we face. I now hand over the call to our first speaker of the day, Mr. Prachur Sah. Thank you, and over to you, sir.

Prachur Sah — MD and CEO

Thank you, Nirav, and a very warm welcome to all participants. Joining me today are my colleagues, Mr. Vikas Poddar, Chief Financial Officer, and Mr. Dheeraj Agrawal, head investor relations on the call. Today, I will present our business performance for the quarter ended on June 30th, 2026. Rollout momentum remained healthy during the quarter, supported by continued network expansion by our major customers and movement of their expired tenancy portfolios to Indus. We continue to maintain leading share in our customer deployments, resulting in significantly larger tenancy growth than our peers, driven by strong execution, service reliability, and technology-led operations. Before I delve into our performance, I would like to recognize the dedication and commitment of our field teams. Despite operating in some of the country's most challenging conditions, they delivered exceptional resilience, enabling timely connectivity along the Amarnath Yatra route. They also maintained network continuity adversely in flood-affected Arunachal Pradesh through swift restoration efforts, proactive planning, and strong local coordination. On the regulatory front, as I had mentioned earlier, the ROW Rules 2024 have now been implemented across India, which will continue to benefit in seamless deployment of telecom infrastructure. Regulatory developments in Uttar Pradesh, Rajasthan, and Delhi further strengthen the green energy open access framework, expanding renewable energy adoption opportunities for telecom infrastructure.