Link: https://links.sgx.com/1.0.0/corporate-announcements/U7VLGIQEMSO9QX2X/c9d07d7f6068e339e37fa797e2032b737d49f1975b24cbdf64327a5aa0e1bc3e

Summary:

• Q2 FY2026 revenue surged to ₹35,538 million, and H1 revenue reached ₹70,551 million, reflecting robust performance in passive tower infrastructure and related services.

• Net loss for Q2 and H1 stood at ₹6,062 million and ₹12,460 million, respectively, as higher network operating and finance costs offset revenue gains.

• EBITDA remained positive, supported by depreciation and finance cost add-back, but elevated expenses led to reported losses.

• The company issued 45,000 secured, rated, listed, taxable non-convertible debentures of ₹100,000 each, raising ₹4.5 billion at a coupon rate of 7.11% p.a., listed on the NSE.

• Asset base reached ₹459.6 billion by September 30, 2025, with over 100% security cover for debentures and stable operating cash flows.

• No material deviations in use of proceeds; company remains focused on infrastructure expansion, debt servicing, and strengthening its compliance and governance framework.