Indus Towers Limited has informed the Exchange regarding Quarterly Report for the first quarter (Q1) ended June 30, 2026.

July 27, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block – G, Bandra Kurla Dalal Street, Mumbai - 400001 C omplex, Bandra (E), Mumbai - 400051 Ref.: Indus Towers Limited (534816/ INDUSTOWER) Sub.: Quarterly Report for the first quarter (Q1) ended June 30, 2026 Dear Sir/ Ma’am, Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Quarterly Report being released by the Company w.r.t. Audited Financial Results for the first quarter (Q1) ended June 30, 2026. Kindly take the same on record. Thanking you, Yours faithfully, For Indus Towers Limited Samridhi Rodhe Company Secretary & Compliance Officer Encl.: As above Indus Towers Limited Registered & Corporate Office: Building No. 10, Tower A, 4th Floor, DLF Cyber City, Gurugram - 122002, Haryana I Tel: +91-124-4296766 Fax: +91-124-4289333 CIN: L64201HR2006PLC073821 I Email: compliance.officer@industowers.com I www.industowers.com Quarterly report on the results for the First Quarter ended June 30, 2026 Indus Towers Limited Building No. 10, Tower A, 4th Floor, DLF Cyber City, Gurugram, Haryana – 122002 July 27, 2026 The financial statements included in this quarterly report fairly present in all material respects the financial position, results of operations, cash flow of the Company as of and for the periods presented in this report. Supplemental Disclosures Safe Harbor: - Some information in this report may contain Use of Certain Non-GAAP measures: - This result forward-looking statements. We have based these forward- announcement contains certain information on the Company’s looking statements on our current beliefs, expectations and results of operations and cash flows that have been derived intentions as to facts, actions and events that will or may occur from amounts calculated in accordance with Indian Accounting in the future. Such statements generally are identified by Standards (IND AS) i.e. Non-GAAP measures. They should not forward-looking words such as “believe,” “plan,” “anticipate,” be viewed in isolation as alternatives to the equivalent IND AS “continue,” “estimate,” “expect,” “may,” “will” or other similar measures and should be read in conjunction with the equivalent words. IND AS measures. A forward-looking statement may include a statement of the Further, disclosures are also provided under “Use of Non – assumptions or basis underlying the forward-looking statement. GAAP financial information” on page 24 We have chosen these assumptions or basis in good faith, and we believe that they are reasonable in all material respects. Others: In this report, the term “Indus Towers” or “Indus” or “the However, we caution you that forward-looking statements and Company” refers to Indus Towers Limited. assumed facts or bases almost always vary from actual results, and the differences between the results implied by the forward- With effect from January 2015, Indus Towers Employees looking statements and assumed facts or bases and actual Welfare Trust (incorporated for allotment of shares to results can be material, depending on the circumstances. You employees as part of Employee Stock Option Plan) has been should also keep in mind that any forward-looking statement included as part of the Company. With effect from September made by us in this report or elsewhere speaks only as of the 2015, Smartx Services Ltd. (incorporated on September 21, date on which we made it. New risks and uncertainties come up 2015 as a wholly owned subsidiary) has been included as a part from time to time, and it is impossible for us to predict these of the Company. Other subsidiaries have also been included as events or how they may affect us. We have no duty to, and do part of the Company with effect from respective date of not intend to, update or revise the forward-looking statements in incorporation. this report after the date hereof. In light of these risks and uncertainties, any forward-looking statement made in this report Disclaimer: - This communication does not constitute an offer or elsewhere may or may not occur and has to be understood of securities for sale in the United States. Securities may not be and read along with this supplemental disclosure. sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as General Risk: - Investment in equity and equity related amended. Any public offering of securities to be made in the securities involves a degree of risk and investors should not United States will be made by means of a prospectus and will invest any funds in this Company without necessary diligence contain detailed information about the Company and its and relying on their own examination of Indus Towers Limited; management, as well as financial statements. along with the equity investment risk which doesn't guarantee capital protection. TABLE OF CONTENTS Section A Consolidated Results 4 Section 1 Indus Towers – Performance at a glance 5 Section 2 An Overview 6 Section 3 Financial Highlights 3.1 Summarized Consolidated Statement of Operations 11 3.2 Summarized Statement of Consolidated Financial Position 11 Section 4 Operating Highlights 12 Section 5 Management Discussion & Analysis 5.1 Key Industry Developments 13 5.2 Key Company Updates 14 5.3 Results of Operations 15 5.4 Indus Towers Three-Line Graph 16 Section 6 Stock Market Highlights 17 Section 7 Detailed Financial and Related Information 19 Section 8 Trends & Ratios 26 Section B Standalone and Consolidated IND AS Financial Statements 32 Section 9 Financial Highlights 33 Section C Key Accounting Policies and Glossary 35 Section 10 Basis of Preparation and Key Accounting Policies as per IND AS 36 Section 11 Glossary 55 Page 3 of 42 Section A Consolidated Results The Company has adopted Indian Accounting Standards (IND AS) w.e.f. April 1, 2016 with transition date being April 1, 2015 in accordance with the requirements under Section 133 of the Companies Act, 2013. Accordingly, the consolidated financial statements under IND AS includes the Company, the subsidiaries and the controlled trust. Note: Unless otherwise specified, consolidated results and operating performance do not include overseas subsidiaries of Indus Towers Page 4 of 42 Section-1 INDUS TOWERS – PERFORMANCE AT A GLANCE Full Year Ended2 Quarter Ended2 Particulars UNITS 2024 2025 2026 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 India Operating Highlights Macro Towers4 Nos 2,19,736 2,49,305 2,64,514 2,51,773 2,56,074 2,59,622 2,64,514 2,67,611 Co-locations4 Nos 3,68,588 4,05,435 4,28,014 4,11,212 4,15,717 4,21,822 4,28,014 4,32,250 Average Sharing factor Times 1.72 1.65 1.62 1.63 1.63 1.62 1.62 1.62 Closing Sharing factor Times 1.68 1.63 1.62 1.63 1.62 1.62 1.62 1.62 Sharing Revenue per Tower per month Rs 71,034 67,422 66,995 67,036 67,924 67,285 66,604 66,416 Sharing Revenue per Sharing Operator per month Rs 41,198 40,856 41,302 41,132 41,714 41,429 41,078 41,082 Lean Co-locations4 Nos 10,686 13,878 14,044 13,935 13,963 13,989 14,044 14,024 Sharing Revenue per Sharing Operator per month Rs 13,810 15,151 16,354 16,362 16,127 16,385 16,535 16,707 Financials Revenue1 Rs Mn 2,86,006 3,01,228 3,24,931 80,576 81,882 81,463 81,010 84,311 EBITDA1 Rs Mn 1,46,939 2,08,447 1,79,779 43,901 46,127 45,085 44,666 45,246 EBIT1 Rs Mn 84,967 1,42,479 1,06,747 26,452 27,713 26,700 25,882 25,885 Finance Cost (Net) Rs Mn 7,354 14,400 15,516 3,965 3,758 4,035 3,758 3,579 Profit/(Loss) before Tax Rs Mn 81,224 1,31,537 96,001 23,338 24,784 24,203 23,676 23,518 Profit/(Loss) after Tax Rs Mn 60,362 99,317 71,472 17,368 18,393 17,759 17,952 17,490 Capex4 Rs Mn 96,975 68,699 88,170 19,477 25,587 19,799 23,307 17,188 -of Which Maintenance Capex Rs Mn 12,297 13,875 21,816 5,513 5,605 5,310 5,388 5,127 Operating Free Cash Flow1 Rs Mn 18,230 1,04,275 50,476 14,436 10,387 14,981 10,67 [Showing first 8,000 characters — download PDF for full document]