Indus Towers announces Consolidated results for the First Quarter ended June 30, 2024 !

Indus Towers announces Consolidated results for the First Quarter ended June 30, 2024

Consolidated Revenues for the quarter at Rs. 7,383 Crores, up 4.3% Y-o-Y

Consolidated EBITDA for the quarter at Rs. 4,545 Crores, up 29.4% Y-o-Y

Consolidated Profit after Tax for the quarter at Rs. 1,926 Crores, up 42.9% Y-o-Y

Robust Operational and Financial performance continues, Collections improve

Highlights for the first quarter ended June 30, 2024

• Total Tower base of 225,910 with closing sharing factor of 1.66

• Consolidated Revenues at Rs. 7,383 Crores, up 4.3% Y-o-Y

• Consolidated EBITDA at Rs. 4,545 Crores, up 29.4% Y-o-Y

• Consolidated Profit after Tax at Rs. 1,926 Crores, up 42.9% Y-o-Y

Gurugram, July 30, 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 

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 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, 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 in a sustainable

Summary of the Consolidated Statement of Income – Represents Consolidated Statement of 

Income as per IND AS.

1. Revenue, EBITDA, EBIT, Operating free cash flow and Adjusted Fund from Operations (AFFO) are excluding other income.

2. Operating Free Cash Flow is a non IND AS measure and is defined as EBITDA adjusted for capex and repayment of lease liabilities. 

3. Adjusted Fund From Operations is a non IND AS measure and is defined as EBITDA adjusted for Maintenance and General Corporate capex 

and repayment of lease liabilities.

1 A revenue item has been reclassified for both macro and lean towers, and the corresponding changes have been made in the sharing revenue 

metrics. Previous period figures have been restated to conform to current quarter classification.

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 225,910 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

Disclaimer:

[This communication does not constitute an offer of securities for sale in the United States. Securities may not be sold in the 

United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any 

public offering of securities to be made in the United States will be made by means of a prospectus and will contain detailed 

information about the Company and its management, as well as financial statements].

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