Conference Call with Indus Towers Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Telecom Services company Indus Towers announced Q3FY24 results: Total Macro Tower base of 2,11,775 with closing sharing factor of 1.70 Consolidated Revenues at Rs 7,199 crore, up 6.4% YoY Consolidated EBITDA at Rs 3,622 crore, up more than 2x YoY Consolidated Profit after Tax at Rs 1,541 crore, compared to a loss of Rs 708 crore in the corresponding quarter of the previous year The Return on Capital Employed improved to 19.2% as against 12.5% on a YoY basis. Q3FY23 had an impact of Rs 2,270 crore due to provision for doubtful debts and Rs 493 crore from an exceptional item. Prachur Sah, Managing Director and CEO, Indus Towers, said: “Our third consecutive quarter of record tower additions demonstrated our robust operational performance. This was mirrored in the strong financial performance, which was further supplemented by steady collections. We expect our major customer’s focus on its network expansion and the ongoing 5G rollouts to continue yielding growth opportunities for us in the near term. Our timely investments to capitalize on these opportunities will generate long-term returns for our shareholders.” Result PDF
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: I. Financial Results: - Consolidated Revenues for Q2FY24 at Rs 7,133 crore, down 10% YoY - Consolidated EBITDA for Q2FY24 at Rs 3,456 crore, up 23% YoY - Consolidated Profit after Tax for Q2FY24 at Rs 1,295 crore, up 49% YoY - Operating Free Cash Flow decreased by 69% YoY to Rs 398 crore - Adjusted Fund From Operations (AFFO) increased by 28% YoY to Rs 2,388 crore II. Tower Base: - Indus Towers reached a milestone of 2,00,000 macro towers - Total Tower base of 2,04,212 with a closing sharing factor of 1.73 III. Key Indicators: - Average Sharing Factor: 1.74 times - Closing Sharing Factor: 1.73 times - Sharing Revenue per Tower per month: Rs 71,336 - Sharing Revenue per Sharing Operator per month: Rs 40,940 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. 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.” Result PDF