Gurugram, 1st Aug 2024: Indus Towers Limited (“Indus Towers” or “the Company”) today announced its audited Consolidated results for the first quarter ended June 30, 2024. The Consolidated revenue for the quarter was Rs. 7,383 Crores, up 4.3% Y-o-Y. Consolidated EBITDA was at Rs. 4,545 Crores, up 29.4% Y-o-Y and representing an EBITDA margin of 61.6%. The net profit for the quarter was Rs. 1,926 Crores, up 42.9% Y-o-Y. The Return on Equity (Pre-Tax) improved to 34.7% as against 18.7% on a Y-o-Y basis [Return on Equity (Post Tax) improved to 25.7 % as against 13.8% Y-o-Y basis]. The Return on Capital Employed improved to 20.9% as against 13.8% on a Y-o-Y basis. Q1 FY25 had a write-back of Rs. 760 Crores in provision for doubtful receivables, aided by collections against past overdue.
Prachur Sah, Managing Director and CEO, of Indus Towers Limited, said:
“Another quarter of robust tower additions reaffirms our competitive strength in the passive infrastructure space. Business growth along with continued collection of past dues underpinned our strong financial performance.
We expect network expansion and 5G deployments by our customers to continue to act as growth levers. We are confident of building on these opportunities to create value for our shareholders sustainably.”
