Consolidated Revenues for the quarter at Rs. 7,547 Crores, up 4.8% Y-o-Y
Consolidated EBITDA for the quarter at Rs. 6,997 Crores, up 93.2% Y-o-Y
Consolidated Profit after Tax for the quarter at Rs. 4,003 Crores, up 159.9% Y-o-Y
Solid quarter with strong tower and colocation additions and substantial collections
Highlights for the third quarter ended December 31, 2024
Total Tower base of 234,643 with closing sharing factor of 1.65
Consolidated Revenues at Rs. 7,547 Crores, up 4.8% Y-o-Y
Consolidated EBITDA at Rs. 6,997 Crores, up 93.2% Y-o-Y
Consolidated Profit after Tax at Rs. 4,003 Crores, up 159.9% Y-o-Y
Gurugram, Haryana, India, January 23, 2025: Indus Towers Limited (“Indus Towers” or “the Company”) today announced its audited Consolidated results for the third quarter ended December 31, 2024. Consolidated revenue for the quarter was at Rs. 7,547 Crores, up 4.8% Y-o-Y. Consolidated EBITDA was at Rs. 6,997 Crores, up 93.2% Y-o-Y and representing an EBITDA margin of 92.7%. Net profit for the quarter was Rs. 4,003 Crores, up 159.9% Y-o-Y. Return on Equity (Pre-Tax) improved to 46.1% as against 33.5% on Y-o-Y basis [Return on Equity (Post Tax) improved to 34.8% as against 24.8% Y-o-Y basis]. Return on Capital Employed improved to 29.3% as against 19.2% on Y-o-Y basis. Q3 FY25 had a write back of Rs. 3,024 Crores in provision for doubtful receivables, aided by collections against past overdue.
Prachur Sah, Managing Director and CEO, Indus Towers Limited, said:
“We are pleased to see our ability to maintain a dominant share of our major customers’ rollouts reap dividends in the form of robust tower and colocation additions, reiterating our superior execution capabilities and customer centric approach. The strong additions along with significant collections of overdue from a major customer helped us record an excellent financial performance.
We expect the resumption of network expansion by a major customer coupled with the rollouts by other customers to act as strong levers of growth. We remain cognizant of the sustainability aspect in our growth plans, and our focus on securing strategic partnerships under Green Energy Open Access is a step in that direction.”
About Indus Towers Limited
Indus Towers Limited is India’s leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures, for various mobile operators. The Company’s portfolio of 234,643 telecom towers, makes it one of the largest tower infrastructure providers in the country with presence in all 22 telecom circles. Indus Towers caters to all wireless telecommunication service providers in India. The Company has been the industry pioneer in adopting green energy initiatives for its operations.
For further details visit www.industowers.com
