Indus Towers Board is scheduled to meet on April 30, and the company may consider a bonus issue, dividend, debenture or a combination in a bid to enhance shareholder returns.
The company, in an exchange filing, stated that it is considering options including a bonus issue, debentures, or dividends or any other permissible mode or combination. Further, the company said that the trading window for the designated persons of the company for dealing in the company shares will remain closed till May 2.
If the company decides on a bonus issue, this would be the first one ever by Indus Towers after listing. The company last paid a dividend in 2024, when it announced a Rs 11 dividend payout for the year. That apart, the company had paid a dividend in May 2022. Its current dividend yield is 2,77%
Indus Towers share price movement
Following the announcement, Indus Towers’ share price went up 3 percent. On Monday, Indus Towers stock opened at Rs 407.65 and by 1 PM it was trading at Rs 409 on the National Stock Exchange.
In the past month, Indus Towers stock has been on the rise. It has gained 22 percent in a month. On March 28, 2025, the Indus Towers’ share price was at Rs 334. Looking at the year performance of the company on the Dalal Street, its stock price has increased by 18 percent in a year.
Last year, the company reported a 32 percent increase in its net profit in the 4th quarter of FY 24. The company posted a net profit of Rs 1853 crores. The consolidated revenue in the Q4 FY24 stood at Rs 7193 crore.
Indus Tower: Company information
Indus Towers Limited is the biggest telecom tower operator in India. The company operates about 234643 telecom towers in the country. Formed after the merger of Indus Towers and Bharti Infratel in 2020, the company provides services to the three major telecom operators, Bharti Airtel, Reliance Jio and Vodafone Idea.