Conference Call with Indus Towers Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Indus Towers Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
Telecom Services company Indus Towers announced Q2FY24 results:<br><br>I. Financial Results:<br>- Consolidated Revenues for Q2FY24 at Rs 7,133 crore, down 10% YoY<br>- Consolidated EBITDA for Q2FY24 at Rs 3,456 crore, up 23% YoY<br>- Consolidated Profit after Tax for Q2FY24 at Rs 1,295 crore, up 49% YoY<br>- Operating Free Cash Flow decreased by 69% YoY to Rs 398 crore<br>- Adjusted Fund From Operations (AFFO) increased by 28% YoY to Rs 2,388 crore<br><br>II. Tower Base:<br>- Indus Towers reached a milestone of 2,00,000 macro towers<br>- Total Tower base of 2,04,212 with a closing sharing factor of 1.73<br><br>III. Key Indicators:<br>- Average Sharing Factor: 1.74 times<br>- Closing Sharing Factor: 1.73 times<br>- Sharing Revenue per Tower per month: Rs 71,336<br>- Sharing Revenue per Sharing Operator per month: Rs 40,940<br><br>Prachur Sah, Managing Director and CEO, Indus Towers, said, “The quarter marked Indus Towers reaching a milestone of 200,000 macro towers, reaffirming its leadership position. We are also proud to have delivered another quarter of our highest tower additions which translated into a steady financial performance.<br><br>Our endeavour to capitalize on the existing opportunity arising from rapid network expansion by a major customer and 5G rollouts by operators will help in sustained value creation for shareholders.”<br><br><br><br><br><br>Result PDF